STORE HOUSE, SMAILES LANE, ROWLANDS GILL, NE39 1JF - £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.

STORE HOUSE is a small detached house of 110m², built sometime between 1930 and 1949, which could now be worth an estimated £356,447. It was last sold for £300,000 in August 2020, which was around 27% above the average August 2020 detached price in the Gateshead local authority area. The most recent EPC inspection was June 2013, where the current energy rating was F, and the potential energy rating was D.

STORE HOUSE Sold Prices

Land registry data shows three sales for STORE HOUSE 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. All of the three STORE HOUSE 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
2020 28 AUG	£300,000	£236,506	27% above HPI
2016 16 NOV	£285,000	£222,374	28% above HPI
2014 18 JUL	£227,500	£209,614	9% above HPI

STORE HOUSE 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 STORE HOUSE sales between July 2014 and August 2020 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 November 2016 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2020 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might STORE HOUSE be worth now?

STORE HOUSE might now be worth an estimated £356,447.

This is based on house price inflation of 18.8%, between August 2020 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 18.8% inflationary increase is applied to the most recent sale price for STORE HOUSE of £300,000 on 28th August 2020. For the value to have increased from £300,000 to £356,447 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of STORE HOUSE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The August 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of STORE HOUSE has not materially changed since August 2020.

How Large is STORE HOUSE?

STORE HOUSE is 110m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% 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 STORE HOUSE lies on this distribution: 32% of detached houses houses are smaller than STORE HOUSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Rowlands Gill.

STORE HOUSE: Plot and Title Map

STORE HOUSE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of STORE HOUSE, 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 STORE HOUSE). 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 STORE HOUSE?

STORE HOUSE is located on SMAILES LANE in ROWLANDS GILL, in the NE39 postcode district. The below map shows the position of STORE HOUSE on SMAILES LANE.