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

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.

PENNINE VIEW is a large extended detached house of 115m², built sometime between 1976 and 1982, which could now be worth an estimated £335,714. 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	£251,112	19% above HPI
2017 25 OCT	£257,500	£229,586	12% above HPI
2009 24 JUL	£160,000	£201,565	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 12% above the HPI. So the extrapolation line tracks at 12% 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.

What might PENNINE VIEW be worth now?

PENNINE VIEW might now be worth an estimated £335,714.

This is based on house price inflation of 11.9%, between August 2021 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 11.9% inflationary increase is applied to the most recent sale price for PENNINE VIEW of £300,000 on 6th August 2021. For the value to have increased from £300,000 to £335,714 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of PENNINE VIEW has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The August 2021 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of PENNINE VIEW has not materially changed since August 2021.

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 houses in Gateshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gateshead, and where PENNINE VIEW lies on this distribution: 63% of detached houses houses are smaller than PENNINE VIEW, and 36% 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.