8, WOODMANS WAY, WHICKHAM, NEWCASTLE UPON TYNE, NE16 5TR - £435,000

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.

8 WOODMANS WAY is a large detached house of 150m², built sometime between 1976 and 1982, which could now be worth an estimated £517,699. It was last sold for £435,000 in August 2019, which was around 84% above the average August 2019 detached price in the Gateshead local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

8 WOODMANS WAY Sold Prices

Land registry data shows four sales for 8 WOODMANS WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gateshead local authority area for the corresponding sale date. All of the four 8 WOODMANS WAY 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 28 AUG	£435,000	£236,117	84% above HPI
2001 8 JUN	£197,000	£93,618	110% above HPI
1997 1 JUL	£160,000	£76,419	109% above HPI
1996 31 JUL	£155,000	£70,534	120% above HPI

8 WOODMANS WAY 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 four 8 WOODMANS WAY sales between July 1996 and August 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 June 2001 sale was for 110% above the HPI. So the extrapolation line tracks at 110% above the HPI over time, until the August 2019 sale, where it falls to 84% above the HPI. The line then continues to track at 84% above the HPI.

What might 8 WOODMANS WAY be worth now?

8 WOODMANS WAY might now be worth an estimated £517,699.

This is based on house price inflation of 19%, between August 2019 and February 2025, for 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 19% inflationary increase is applied to the most recent sale price for 8 WOODMANS WAY of £435,000 on 28th August 2019. For the value to have increased from £435,000 to £517,699 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 8 WOODMANS WAY has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The August 2019 sale price of £435,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WOODMANS WAY has not materially changed since August 2019.

How Large is 8 WOODMANS WAY?

8 WOODMANS WAY is 150m² according to the EPC inspection conducted in February 2019. This puts it in the largest 30% of detached houses houses in Whickham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Whickham, and where 8 WOODMANS WAY lies on this distribution: 76% of detached houses houses are smaller than 8 WOODMANS WAY, and 24% of houses are larger. Note that EPC data is not available for all properties in Whickham.

8 WOODMANS WAY: Plot and Title Map

8 WOODMANS WAY sits on a plot of roughly 1.5 acres, or 5,951m². The below map shows the location of 8 WOODMANS WAY, 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 8 WOODMANS WAY). 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 8 WOODMANS WAY?

8 WOODMANS WAY is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 8 on WOODMANS WAY.