2, THE CEDARS, WHICKHAM, NEWCASTLE UPON TYNE, NE16 5TH - £289,950

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 THE CEDARS is a large extended detached house of 141m², built sometime between 1967 and 1975. It was last sold for £289,950 in August 2016, which was around 28% above the average August 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was C.

2 THE CEDARS Sold Prices

Land registry data shows two sales for 2 THE CEDARS 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 THE CEDARS 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
2016 17 AUG	£289,950	£226,155	28% above HPI
2001 24 AUG	£177,000	£97,564	81% above HPI

2 THE CEDARS 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 THE CEDARS sales from August 2001 and August 2016 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 2001 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the August 2016 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is 2 THE CEDARS?

2 THE CEDARS is 141m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 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 THE CEDARS lies on this distribution: 71% of detached houses are smaller than 2 THE CEDARS, and 28% of houses are larger. Note that EPC data is not available for all properties in Whickham.

2 THE CEDARS: Plot and Title Map

2 THE CEDARS sits on a plot of roughly 0.353 of an acre, or 1,429m². The below map shows the location of 2 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

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