72, THE DRIVE, WHICKHAM, NEWCASTLE UPON TYNE, NE16 4RR - £110,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

72 THE DRIVE is a very small extended semi-detached house of 63m², built sometime between 1930 and 1949, which could now be worth an estimated £114,568. It was last sold for £110,000 in May 2024, which was around 34% below the average May 2024 semi-detached price in the Gateshead local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

72 THE DRIVE Sold Prices

Land registry data shows five sales for 72 THE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Gateshead local authority area for the corresponding sale date. The five 72 THE DRIVE sales were a mix of below the average price, and roughly equal to 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
2024 8 MAY	£110,000	£165,701	34% below HPI
2021 21 SEP	£120,000	£157,186	24% below HPI
2014 5 SEP	£112,000	£132,293	15% below HPI
2001 14 DEC	£56,000	£56,055	Close to HPI
1998 22 JUN	£18,590	£44,719	58% below HPI

72 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gateshead local authority area over time, sourced from the HPI. The five 72 THE DRIVE sales between June 1998 and May 2024 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 2021 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2024 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 72 THE DRIVE be worth now?

72 THE DRIVE might now be worth an estimated £114,568.

This is based on house price inflation of 4.2%, between May 2024 and February 2025, for semi-detached houses, in the Gateshead local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.2% inflationary increase is applied to the most recent sale price for 72 THE DRIVE of £110,000 on 8th May 2024. For the value to have increased from £110,000 to £114,568 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 72 THE DRIVE has moved in line with the HPI for semi-detached houses in the Gateshead local authority area.
• The May 2024 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 72 THE DRIVE has not materially changed since May 2024.

How Large is 72 THE DRIVE?

72 THE DRIVE is 63m², which includes one extension, according to the EPC inspection conducted in June 2024. This puts it in the smallest 10% of semi-detached houses houses in Whickham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Whickham, and where 72 THE DRIVE lies on this distribution: 2% of semi-detached houses houses are smaller than 72 THE DRIVE, and 98% of houses are larger. Note that EPC data is not available for all properties in Whickham.

72 THE DRIVE: Plot and Title Map

72 THE DRIVE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of 72 THE DRIVE, 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 72 THE DRIVE). 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 72 THE DRIVE?

72 THE DRIVE is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 72 on THE DRIVE.