2, FALSGRAVE PLACE, WHICKHAM, NEWCASTLE UPON TYNE, NE16 5SG - £335,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 FALSGRAVE PLACE is a small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £335,000 in January 2023, which was around 22% above the average January 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

2 FALSGRAVE PLACE Sold Prices

Land registry data shows three sales for 2 FALSGRAVE PLACE 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 2 FALSGRAVE PLACE 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
2023 11 JAN	£335,000	£275,716	22% above HPI
2021 12 JAN	£260,000	£244,600	6% above HPI
2017 9 AUG	£238,000	£227,596	5% above HPI

2 FALSGRAVE PLACE 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 2 FALSGRAVE PLACE sales between August 2017 and January 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 January 2021 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the January 2023 sale, where it rises to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 2 FALSGRAVE PLACE?

2 FALSGRAVE PLACE is 90m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses in Whickham, based on EPC data. The below chart shows the distribution of detached houses by size in Whickham, and where 2 FALSGRAVE PLACE lies on this distribution: 24% of detached houses are smaller than 2 FALSGRAVE PLACE, and 75% of houses are larger. Note that EPC data is not available for all properties in Whickham.

2 FALSGRAVE PLACE: Plot and Title Map

2 FALSGRAVE PLACE sits on a plot of roughly 0.067 of an acre, or 273m². The below map shows the location of 2 FALSGRAVE PLACE, 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 2 FALSGRAVE PLACE). 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 2 FALSGRAVE PLACE?

2 FALSGRAVE PLACE is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 2 on FALSGRAVE PLACE.