THE GABLES, STREETGATE, SUNNISIDE, NEWCASTLE UPON TYNE, NE16 5LE - £425,000

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.

THE GABLES is a large extended detached house of 152m², built sometime between 1930 and 1949, which could now be worth an estimated £433,662. It was last sold for £425,000 in November 2023, which was around 54% above the average November 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was C.

THE GABLES Sold Prices

Land registry data shows four sales for THE GABLES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Most of the four THE GABLES sales were 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
2023 23 NOV	£425,000	£275,393	54% above HPI
2014 25 APR	£195,000	£204,283	5% below HPI
2007 6 JUL	£210,000	£223,826	6% below HPI
2003 14 MAR	£120,000	£124,234	3% below HPI

THE GABLES 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 four THE GABLES sales between March 2003 and November 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 April 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2023 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

What might THE GABLES be worth now?

THE GABLES might now be worth an estimated £433,662.

This is based on house price inflation of 2%, between November 2023 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 2% inflationary increase is applied to the most recent sale price for THE GABLES of £425,000 on 23rd November 2023. For the value to have increased from £425,000 to £433,662 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of THE GABLES has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The November 2023 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of THE GABLES has not materially changed since November 2023.

How Large is THE GABLES?

THE GABLES is 152m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the largest 40% of detached houses houses in Street Gate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Street Gate, and where THE GABLES lies on this distribution: 69% of detached houses houses are smaller than THE GABLES, and 31% of houses are larger. Note that EPC data is not available for all properties in Street Gate.

THE GABLES: Plot and Title Map

THE GABLES sits on a plot of roughly 0.072 of an acre, or 293m². The below map shows the location of THE GABLES, 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 THE GABLES). 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 THE GABLES?

THE GABLES is located on STREETGATE in SUNNISIDE, in the NE16 postcode district. The below map shows the position of THE GABLES on STREETGATE.