43, BROOM LANE, WHICKHAM, NEWCASTLE UPON TYNE, NE16 4QS - £120,000

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

43 BROOM LANE is a small detached house of 91m², built sometime between 1930 and 1949. It was last sold for £120,000 in September 1997, which was around 53% above the average September 1997 detached price in the Gateshead local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was D.

43 BROOM LANE Sold Prices

Land registry data shows two sales for 43 BROOM 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 43 BROOM 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
1997 12 SEP	£120,000	£78,254	53% above HPI
1996 24 SEP	£89,000	£75,609	18% above HPI

43 BROOM 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 43 BROOM LANE sales from September 1996 and September 1997 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 September 1996 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 1997 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

How Large is 43 BROOM LANE?

43 BROOM LANE is 91m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 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 43 BROOM LANE lies on this distribution: 25% of detached houses are smaller than 43 BROOM LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Whickham.

43 BROOM LANE: Plot and Title Map

43 BROOM LANE sits on a plot of roughly 0.242 of an acre, or 980m². The below map shows the location of 43 BROOM 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 43 BROOM 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 43 BROOM LANE?

43 BROOM LANE is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 43 on BROOM LANE.