3, LUKES LANE, HEBBURN, NE31 2BJ - £315,000

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.

3 LUKES LANE is a very large detached house of 128m², which could now be worth an estimated £339,357. It was last sold for £315,000 in July 2022, which was around 11% above the average July 2022 detached price in the South Tyneside local authority area. The most recent EPC inspection was March 2018, where the current energy rating was B, and the potential energy rating was A.

3 LUKES LANE Sold Prices

Land registry data shows two sales for 3 LUKES 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 South Tyneside local authority area for the corresponding sale date. Both of the two 3 LUKES 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
2022 15 JUL	£315,000	£282,709	11% above HPI
2018 14 JUN	£289,995	£240,114	21% above HPI

3 LUKES LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Tyneside local authority area over time, sourced from the HPI. The two 3 LUKES LANE sales from June 2018 and July 2022 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 June 2018 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the July 2022 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 3 LUKES LANE be worth now?

3 LUKES LANE might now be worth an estimated £339,357.

This is based on house price inflation of 7.7%, between July 2022 and February 2025, for detached houses, in the South Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 7.7% inflationary increase is applied to the most recent sale price for 3 LUKES LANE of £315,000 on 15th July 2022. For the value to have increased from £315,000 to £339,357 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 3 LUKES LANE has moved in line with the HPI for detached houses in the South Tyneside local authority area.
• The July 2022 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LUKES LANE has not materially changed since July 2022.

How Large is 3 LUKES LANE?

3 LUKES LANE is 128m² according to the EPC inspection conducted in March 2018. This puts it in the largest 20% of detached houses houses in Hebburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hebburn, and where 3 LUKES LANE lies on this distribution: 84% of detached houses houses are smaller than 3 LUKES LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Hebburn.

3 LUKES LANE: Plot and Title Map

3 LUKES LANE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 3 LUKES 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 3 LUKES 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 3 LUKES LANE?

3 LUKES LANE is located in HEBBURN, in the NE31 postcode district. The below map shows the position of No. 3 on LUKES LANE.