1, WALLACE AVENUE, WHICKHAM, NEWCASTLE UPON TYNE, NE16 4SX - £635,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 WALLACE AVENUE is a very large extended detached house of 240m², built sometime between 1950 and 1966, which could now be worth an estimated £685,315. It was last sold for £635,000 in May 2022, which was around 140% above the average May 2022 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

1 WALLACE AVENUE Sold Prices

Land registry data shows three sales for 1 WALLACE AVENUE 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 1 WALLACE AVENUE 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
2022 13 MAY	£635,000	£265,118	140% above HPI
2021 26 APR	£475,000	£247,885	92% above HPI
2000 21 JUL	£132,000	£87,212	51% above HPI

1 WALLACE AVENUE 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 1 WALLACE AVENUE sales between July 2000 and May 2022 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 2021 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the May 2022 sale, where it rises to 140% above the HPI. The line then continues to track at 140% above the HPI.

What might 1 WALLACE AVENUE be worth now?

1 WALLACE AVENUE might now be worth an estimated £685,315.

This is based on house price inflation of 7.9%, between May 2022 and December 2024, 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 7.9% inflationary increase is applied to the most recent sale price for 1 WALLACE AVENUE of £635,000 on 13th May 2022. For the value to have increased from £635,000 to £685,315 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 1 WALLACE AVENUE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The May 2022 sale price of £635,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WALLACE AVENUE has not materially changed since May 2022.

How Large is 1 WALLACE AVENUE?

1 WALLACE AVENUE is 240m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 10% of detached houses houses in Whickham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whickham, and where 1 WALLACE AVENUE lies on this distribution: 94% of detached houses houses are smaller than 1 WALLACE AVENUE, and 6% of houses are larger. Note that EPC data is not available for all properties in Whickham.

1 WALLACE AVENUE: Plot and Title Map

1 WALLACE AVENUE sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of 1 WALLACE AVENUE, 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 1 WALLACE AVENUE). 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 1 WALLACE AVENUE?

1 WALLACE AVENUE is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 1 on WALLACE AVENUE.