THE SPINNEY, WINGROVE, ROWLANDS GILL, NE39 1DT - £435,000

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 SPINNEY is a very large extended detached house of 226m², built sometime between 1900 and 1929, which could now be worth an estimated £495,344. It was last sold for £435,000 in March 2021, which was around 76% above the average March 2021 detached price in the Gateshead local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was B.

THE SPINNEY Sold Prices

Land registry data shows three sales for THE SPINNEY 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 THE SPINNEY 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
2021 5 MAR	£435,000	£246,773	76% above HPI
2011 10 JUN	£385,000	£199,123	93% above HPI
2004 6 SEP	£396,000	£194,752	103% above HPI

THE SPINNEY 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 THE SPINNEY sales between September 2004 and March 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 June 2011 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the March 2021 sale, where it falls to 76% above the HPI. The line then continues to track at 76% above the HPI.

What might THE SPINNEY be worth now?

THE SPINNEY might now be worth an estimated £495,344.

This is based on house price inflation of 13.9%, between March 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 13.9% inflationary increase is applied to the most recent sale price for THE SPINNEY of £435,000 on 5th March 2021. For the value to have increased from £435,000 to £495,344 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of THE SPINNEY has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The March 2021 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of THE SPINNEY has not materially changed since March 2021.

How Large is THE SPINNEY?

THE SPINNEY is 226m², which includes one extension, according to the EPC inspection conducted in December 2020. This puts it in the largest 10% 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 THE SPINNEY lies on this distribution: 90% of detached houses houses are smaller than THE SPINNEY, and 10% of houses are larger. Note that EPC data is not available for all properties in Rowlands Gill.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.446 of an acre, or 1,803m². The below map shows the location of THE SPINNEY, 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 SPINNEY). 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 SPINNEY?

THE SPINNEY is located on WINGROVE in ROWLANDS GILL, in the NE39 postcode district. The below map shows the position of THE SPINNEY on WINGROVE.