2, HOLE LANE, SUNNISIDE, NEWCASTLE UPON TYNE, NE16 5NG - £225,000

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.

2 HOLE LANE is a large extended detached house of 118m², built sometime between 1900 and 1929, which could now be worth an estimated £323,063. It was last sold for £225,000 in May 2009, which was around 15% above the average May 2009 detached price in the Gateshead local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

2 HOLE LANE Sold Prices

Land registry data shows two sales for 2 HOLE LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. Both of the two 2 HOLE LANE 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
2009 29 MAY	£225,000	£195,709	15% above HPI
2002 23 AUG	£141,000	£115,512	22% above HPI

2 HOLE LANE 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 two 2 HOLE LANE sales from August 2002 and May 2009 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 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the May 2009 sale, where it falls to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 2 HOLE LANE be worth now?

2 HOLE LANE might now be worth an estimated £323,063.

This is based on house price inflation of 43.6%, between May 2009 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 43.6% inflationary increase is applied to the most recent sale price for 2 HOLE LANE of £225,000 on 29th May 2009. For the value to have increased from £225,000 to £323,063 over the sixteen years and three months to February 2025, the following assumptions must hold true:

• The value of 2 HOLE LANE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The May 2009 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HOLE LANE has not materially changed since May 2009.

How Large is 2 HOLE LANE?

2 HOLE LANE is 118m², which includes two extensions, according to the EPC inspection conducted in February 2017. This puts it in the largest 40% of detached houses houses in Sunniside, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sunniside, and where 2 HOLE LANE lies on this distribution: 60% of detached houses houses are smaller than 2 HOLE LANE, and 40% of houses are larger. Note that EPC data is not available for all properties in Sunniside.

2 HOLE LANE: Plot and Title Map

2 HOLE LANE sits on a plot of roughly 0.131 of an acre, or 529m². The below map shows the location of 2 HOLE LANE, 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 HOLE LANE). 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 HOLE LANE?

2 HOLE LANE is located in SUNNISIDE, in the NE16 postcode district. The below map shows the position of No. 2 on HOLE LANE.