SIMONSTONE, STONEY LANE, GATESHEAD, NE9 7SJ - £375,000

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.

SIMONSTONE is a very large extended detached house of 160m², built sometime between 1950 and 1966, which could now be worth an estimated £402,165. It was last sold for £375,000 in December 2023, which was around 54% above the average December 2023 detached price in the Sunderland local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was D.

SIMONSTONE Sold Prices

Land registry data shows four sales for SIMONSTONE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sunderland local authority area for the corresponding sale date. All of the four SIMONSTONE sales were for above 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
2023 7 DEC	£375,000	£243,319	54% above HPI
2021 19 JAN	£320,000	£213,901	50% above HPI
2010 17 NOV	£245,000	£188,177	30% above HPI
2004 30 MAR	£235,000	£148,831	58% above HPI

SIMONSTONE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sunderland local authority area over time, sourced from the HPI. The four SIMONSTONE sales between March 2004 and December 2023 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 January 2021 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the December 2023 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might SIMONSTONE be worth now?

SIMONSTONE might now be worth an estimated £402,165.

This is based on house price inflation of 7.2%, between December 2023 and February 2025, for detached houses, in the Sunderland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.2% inflationary increase is applied to the most recent sale price for SIMONSTONE of £375,000 on 7th December 2023. For the value to have increased from £375,000 to £402,165 over the two years and ten months to February 2025, the following assumptions must hold true:

• The value of SIMONSTONE has moved in line with the HPI for detached houses in the Sunderland local authority area.
• The December 2023 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of SIMONSTONE has not materially changed since December 2023.

How Large is SIMONSTONE?

SIMONSTONE is 160m², which includes two extensions, according to the EPC inspection conducted in May 2010. This puts it in the largest 20% of detached houses houses in Springwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Springwell, and where SIMONSTONE lies on this distribution: 89% of detached houses houses are smaller than SIMONSTONE, and 11% of houses are larger. Note that EPC data is not available for all properties in Springwell.

SIMONSTONE: Plot and Title Map

SIMONSTONE sits on a plot of roughly 0.192 of an acre, or 778m². The below map shows the location of SIMONSTONE, 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 SIMONSTONE). 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 SIMONSTONE?

SIMONSTONE is located on STONEY LANE in GATESHEAD, in the NE9 postcode district. The below map shows the position of SIMONSTONE on STONEY LANE.