MERRIDEN, TAYLOR AVENUE, ROWLANDS GILL, NE39 1QA - £240,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MERRIDEN is a very small extended detached house of 80m², built sometime between 1930 and 1949, which could now be worth an estimated £287,495. It was last sold for £240,000 in August 2018, which was around 2% above the average August 2018 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was B.

MERRIDEN Sold Prices

Land registry data shows three sales for MERRIDEN since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Two of the three MERRIDEN sales were for above the average price, whilst one was for below 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
2018 20 AUG	£240,000	£234,583	2% above HPI
2006 13 JUN	£240,000	£207,666	16% above HPI
2000 6 OCT	£68,000	£89,977	24% below HPI

MERRIDEN 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 three MERRIDEN sales between October 2000 and August 2018 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 June 2006 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the August 2018 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might MERRIDEN be worth now?

MERRIDEN might now be worth an estimated £287,495.

This is based on house price inflation of 19.8%, between August 2018 and February 2025, for detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.8% inflationary increase is applied to the most recent sale price for MERRIDEN of £240,000 on 20th August 2018. For the value to have increased from £240,000 to £287,495 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of MERRIDEN has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The August 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of MERRIDEN has not materially changed since August 2018.

How Large is MERRIDEN?

MERRIDEN is 80m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the smallest 20% of detached houses houses in Rowlands Gill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rowlands Gill, and where MERRIDEN lies on this distribution: 11% of detached houses houses are smaller than MERRIDEN, and 89% of houses are larger. Note that EPC data is not available for all properties in Rowlands Gill.

MERRIDEN: Plot and Title Map

MERRIDEN sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of MERRIDEN, 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 MERRIDEN). 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 MERRIDEN?

MERRIDEN is located on TAYLOR AVENUE in ROWLANDS GILL, in the NE39 postcode district. The below map shows the position of MERRIDEN on TAYLOR AVENUE.