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

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

THE GABLES is a large extended detached house of 152m², built sometime between 1930 and 1949. It was last sold for £425,000 in November 2023, which was around 53% 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	£278,041	53% above HPI
2014 25 APR	£195,000	£205,667	5% below HPI
2007 6 JUL	£210,000	£225,343	7% below HPI
2003 14 MAR	£120,000	£125,076	4% 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 53% above the HPI. The line then continues to track at 53% above the HPI.

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 in Street Gate, based on EPC data. The below chart shows the distribution of detached houses by size in Street Gate, and where THE GABLES lies on this distribution: 70% of detached houses are smaller than THE GABLES, and 30% 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.