PENNINE VIEW, EIGHTON BANKS, GATESHEAD, NE9 7XP - £300,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

PENNINE VIEW is a large extended detached house of 115m², built sometime between 1976 and 1982. It was last sold for £300,000 in August 2021, which was around 19% above the average August 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

PENNINE VIEW Sold Prices

Land registry data shows three sales for PENNINE VIEW 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 PENNINE VIEW 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
2021 6 AUG	£300,000	£252,813	19% above HPI
2017 25 OCT	£257,500	£231,142	11% above HPI
2009 24 JUL	£160,000	£202,930	21% below HPI

PENNINE VIEW 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 PENNINE VIEW sales between July 2009 and August 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 October 2017 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is PENNINE VIEW?

PENNINE VIEW is 115m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 40% of detached houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses by size in Gateshead, and where PENNINE VIEW lies on this distribution: 64% of detached houses are smaller than PENNINE VIEW, and 35% of houses are larger. Note that EPC data is not available for all properties in Gateshead.

PENNINE VIEW: Plot and Title Map

PENNINE VIEW sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of PENNINE VIEW, 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 PENNINE VIEW). 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 PENNINE VIEW?

PENNINE VIEW is located in EIGHTON BANKS, in the NE9 postcode district. The below map shows the position of PENNINE VIEW in EIGHTON BANKS.