2, SUMMERHILL DRIVE, NEWCASTLE, ST5 7SP - £34,950

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.

2 SUMMERHILL DRIVE is a very small terraced house of 42m², built sometime between 1991 and 1995, which could now be worth an estimated £117,909. It was last sold for £34,950 in August 2002, which was around 25% below the average August 2002 terraced price in the Newcastle-under-Lyme local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was A.

2 SUMMERHILL DRIVE Sold Prices

Land registry data shows two sales for 2 SUMMERHILL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Newcastle-under-Lyme local authority area for the corresponding sale date. Both of the two 2 SUMMERHILL DRIVE sales were for below 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
2002 30 AUG	£34,950	£46,521	25% below HPI
1999 15 OCT	£33,000	£33,895	3% below HPI

2 SUMMERHILL DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Newcastle-under-Lyme local authority area over time, sourced from the HPI. The two 2 SUMMERHILL DRIVE sales from October 1999 and August 2002 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 1999 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2002 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 SUMMERHILL DRIVE be worth now?

2 SUMMERHILL DRIVE might now be worth an estimated £117,909.

This is based on house price inflation of 237.4%, between August 2002 and May 2026, for terraced houses, in the Newcastle-under-Lyme local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 237.4% inflationary increase is applied to the most recent sale price for 2 SUMMERHILL DRIVE of £34,950 on 30th August 2002. For the value to have increased from £34,950 to £117,909 over the 24 years and three months to May 2026, the following assumptions must hold true:

• The value of 2 SUMMERHILL DRIVE has moved in line with the HPI for terraced houses in the Newcastle-under-Lyme local authority area.
• The August 2002 sale price of £34,950 represented a fair market value for the property.
• The size, condition, and specification of 2 SUMMERHILL DRIVE has not materially changed since August 2002.

How Large is 2 SUMMERHILL DRIVE?

2 SUMMERHILL DRIVE is 42m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of terraced houses houses in Newcastle-under-Lyme, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Newcastle-under-Lyme, and where 2 SUMMERHILL DRIVE lies on this distribution: Less than 1% of terraced houses houses are smaller than 2 SUMMERHILL DRIVE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Newcastle-under-Lyme.

2 SUMMERHILL DRIVE: Plot and Title Map

2 SUMMERHILL DRIVE sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of 2 SUMMERHILL 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 2 SUMMERHILL 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 2 SUMMERHILL DRIVE?

2 SUMMERHILL DRIVE is located in NEWCASTLE, in the ST5 postcode district. The below map shows the position of No. 2 on SUMMERHILL DRIVE.