2, FERNHILL AVENUE, WHICKHAM, NEWCASTLE UPON TYNE, NE16 5UY - £325,000

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

2 FERNHILL AVENUE is a midsized extended detached house of 111m², built sometime between 1976 and 1982. It was last sold for £325,000 in January 2023, which was around 18% above the average January 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

2 FERNHILL AVENUE Sold Prices

Land registry data shows four sales for 2 FERNHILL AVENUE 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. two of the four 2 FERNHILL AVENUE sales were for above the average price, and four 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 JAN	£325,000	£275,716	18% above HPI
2002 28 AUG	£100,000	£116,295	14% below HPI
2001 7 SEP	£119,000	£98,871	20% above HPI
1998 7 MAY	£77,500	£79,725	3% below HPI

2 FERNHILL 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 four 2 FERNHILL AVENUE sales between May 1998 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 August 2002 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the January 2023 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is 2 FERNHILL AVENUE?

2 FERNHILL AVENUE is 111m², which includes two extensions, according to the EPC inspection conducted in August 2017. This puts it in the smallest 50% 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 FERNHILL AVENUE lies on this distribution: 46% of detached houses are smaller than 2 FERNHILL AVENUE, and 53% of houses are larger. Note that EPC data is not available for all properties in Whickham.

2 FERNHILL AVENUE: Plot and Title Map

2 FERNHILL AVENUE sits on a plot of roughly 0.061 of an acre, or 249m². The below map shows the location of 2 FERNHILL 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 2 FERNHILL 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 2 FERNHILL AVENUE?

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