HOLLY TREE COTTAGE, WASHINGWELL LANE, WHICKHAM, NEWCASTLE UPON TYNE, NE16 4HJ - £480,000

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.

HOLLY TREE COTTAGE is a very large extended detached house of 223m², built sometime between 1991 and 1995, which could now be worth an estimated £597,149. It was last sold for £480,000 in July 2016, which was around 113% above the average July 2016 detached price in the Gateshead local authority area. The most recent EPC inspection was November 2015, where the current energy rating was C, and the potential energy rating was C.

HOLLY TREE COTTAGE Sold Prices

Land registry data shows two sales for HOLLY TREE COTTAGE 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 HOLLY TREE COTTAGE 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
2016 1 JUL	£480,000	£225,878	113% above HPI
2005 17 OCT	£425,000	£205,016	107% above HPI

HOLLY TREE COTTAGE 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 HOLLY TREE COTTAGE sales from October 2005 and July 2016 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 October 2005 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the July 2016 sale, where it rises to 113% above the HPI. The line then continues to track at 113% above the HPI.

What might HOLLY TREE COTTAGE be worth now?

HOLLY TREE COTTAGE might now be worth an estimated £597,149.

This is based on house price inflation of 24.4%, between July 2016 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 24.4% inflationary increase is applied to the most recent sale price for HOLLY TREE COTTAGE of £480,000 on 1st July 2016. For the value to have increased from £480,000 to £597,149 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of HOLLY TREE COTTAGE has moved in line with the HPI for detached houses in the Gateshead local authority area.
• The July 2016 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLY TREE COTTAGE has not materially changed since July 2016.

How Large is HOLLY TREE COTTAGE?

HOLLY TREE COTTAGE is 223m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the largest 10% 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 HOLLY TREE COTTAGE lies on this distribution: 93% of detached houses houses are smaller than HOLLY TREE COTTAGE, and 7% of houses are larger. Note that EPC data is not available for all properties in Whickham.

HOLLY TREE COTTAGE: Plot and Title Map

HOLLY TREE COTTAGE sits on a plot of roughly 0.176 of an acre, or 711m². The below map shows the location of HOLLY TREE COTTAGE, 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 HOLLY TREE COTTAGE). 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 HOLLY TREE COTTAGE?

HOLLY TREE COTTAGE is located on WASHINGWELL LANE in WHICKHAM, in the NE16 postcode district. The below map shows the position of HOLLY TREE COTTAGE on WASHINGWELL LANE.