87, BROOM LANE, WHICKHAM, NEWCASTLE UPON TYNE, NE16 4QZ - £750,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

87 BROOM LANE is a very large extended detached house of 256m², built sometime between 1930 and 1949. It was last sold for £750,000 in August 2023, which was around 165% above the average August 2023 detached price in the Gateshead local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was C.

87 BROOM LANE Sold Prices

Land registry data shows four sales for 87 BROOM LANE 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 87 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
2023 24 AUG	£750,000	£283,112	165% above HPI
2001 4 MAY	£395,000	£93,598	322% above HPI
1998 31 JUL	£266,000	£77,928	241% above HPI
1996 23 AUG	£235,000	£72,292	225% above HPI

87 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 four 87 BROOM LANE sales between August 1996 and August 2023 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 May 2001 sale was for 322% above the HPI. So the extrapolation line tracks at 322% above the HPI over time, until the August 2023 sale, where it falls to 165% above the HPI. The line then continues to track at 165% above the HPI.

How Large is 87 BROOM LANE?

87 BROOM LANE is 256m², which includes three extensions, according to the EPC inspection conducted in December 2022. This puts it in the largest 10% of detached houses in Whickham, based on EPC data. The below chart shows the distribution of detached houses by size in Whickham, and where 87 BROOM LANE lies on this distribution: 96% of detached houses are smaller than 87 BROOM LANE, and 4% of houses are larger. Note that EPC data is not available for all properties in Whickham.

87 BROOM LANE: Plot and Title Map

87 BROOM LANE sits on a plot of roughly 0.480 of an acre, or 1,942m². The below map shows the location of 87 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 87 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 87 BROOM LANE?

87 BROOM LANE is located in WHICKHAM, in the NE16 postcode district. The below map shows the position of No. 87 on BROOM LANE.