Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources
1 HEATHER LEA LANE is a small extended detached house of 94m², built sometime between 2003 and 2006. It was last sold for £260,000 in September 2022, which was around 20% below the average September 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows five sales for 1 HEATHER LEA LANE since 1st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Most of the five 1 HEATHER LEA LANE 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 |
---|---|---|---|
2022 13 SEP | £260,000 | £325,457 | 20% below HPI |
2014 29 AUG | £190,000 | £236,997 | 20% below HPI |
2009 27 NOV | £205,000 | £246,153 | 17% below HPI |
2002 25 JUL | £135,000 | £130,334 | 4% above HPI |
2000 19 MAY | £95,995 | £102,643 | 6% below HPI |
The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The five 1 HEATHER LEA LANE sales between May 2000 and September 2022 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 August 2014 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2022 sale, which was also at 20% below the HPI.
1 HEATHER LEA LANE is 94m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% of detached houses in Prudhoe, based on EPC data. The below chart shows the distribution of detached houses by size in Prudhoe, and where 1 HEATHER LEA LANE lies on this distribution: 22% of detached houses are smaller than 1 HEATHER LEA LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in Prudhoe.
1 HEATHER LEA LANE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 1 HEATHER LEA 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 1 HEATHER LEA 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.
1 HEATHER LEA LANE is located in PRUDHOE, in the NE42 postcode district. The below map shows the position of No. 1 on HEATHER LEA LANE.