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

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 HOLE LANE is a midsized extended detached house of 118m², built sometime between 1900 and 1929. It was last sold for £225,000 in May 2009, which was around 14% 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	£197,035	14% above HPI
2002 23 AUG	£141,000	£116,295	21% 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 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2009 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

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 50% of detached houses in Sunniside, based on EPC data. The below chart shows the distribution of detached houses by size in Sunniside, and where 2 HOLE LANE lies on this distribution: 60% of detached 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.