38, GRANGE LANE, WHICKHAM, NEWCASTLE UPON TYNE, NE16 5AH - £430,000

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

38 GRANGE LANE is a large extended detached house of 135m², built sometime between 1950 and 1966. It was last sold for £430,000 in September 2019, which was around 82% above the average September 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was A.

38 GRANGE LANE Sold Prices

Land registry data shows five sales for 38 GRANGE LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the five 38 GRANGE 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
2019 27 SEP	£430,000	£236,072	82% above HPI
2018 16 NOV	£417,500	£240,606	74% above HPI
2015 16 JAN	£349,950	£209,870	67% above HPI
2009 6 MAR	£307,000	£194,966	57% above HPI
2002 29 JUL	£230,000	£114,692	101% above HPI

38 GRANGE 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 five 38 GRANGE LANE sales between July 2002 and September 2019 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 November 2018 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the September 2019 sale, where it rises to 82% above the HPI. The line then continues to track at 82% above the HPI.

How Large is 38 GRANGE LANE?

38 GRANGE LANE is 135m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 40% of detached houses in Whickham, based on EPC data. The below chart shows the distribution of detached houses by size in Whickham, and where 38 GRANGE LANE lies on this distribution: 68% of detached houses are smaller than 38 GRANGE LANE, and 32% of houses are larger. Note that EPC data is not available for all properties in Whickham.

38 GRANGE LANE: Plot and Title Map

38 GRANGE LANE sits on a plot of roughly 0.196 of an acre, or 794m². The below map shows the location of 38 GRANGE 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 38 GRANGE 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 38 GRANGE LANE?

38 GRANGE LANE is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 38 on GRANGE LANE.