MELDON, HIGH HEWORTH LANE, GATESHEAD, NE10 0PB - £375,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MELDON is a very large detached house of 137m², built sometime between 1930 and 1949. It was last sold for £375,000 in June 2021, which was around 51% above the average June 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was C.

MELDON Sold Prices

Land registry data shows two sales for MELDON since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. One of the two MELDON sales was for above the average price, whilst the other was roughly equal to the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 30 JUN	£375,000	£247,961	51% above HPI
2020 12 MAR	£230,000	£231,021	Close to HPI

MELDON Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gateshead local authority area over time, sourced from the HPI. The two MELDON sales from March 2020 and June 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2020 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2021 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is MELDON?

MELDON is 137m² according to the EPC inspection conducted in June 2019. This puts it in the largest 20% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where MELDON lies on this distribution: 80% of detached houses are smaller than MELDON, and 20% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

MELDON: Plot and Title Map

MELDON sits on a plot of roughly 0.084 of an acre, or 342m². The below map shows the location of MELDON, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MELDON). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MELDON?

MELDON is located on HIGH HEWORTH LANE in GATESHEAD, in the NE10 postcode district. The below map shows the position of MELDON on HIGH HEWORTH LANE.