1, THE LARCHES, BUSTY BANK, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6NG - £295,000

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 THE LARCHES is a large detached house of 119m², built sometime between 1967 and 1975. It was last sold for £295,000 in July 2022, which was around 42% above the average July 2022 detached price in the County Durham local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

1 THE LARCHES Sold Prices

Land registry data shows three sales for 1 THE LARCHES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. All of the three 1 THE LARCHES 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
2022 28 JUL	£295,000	£207,048	42% above HPI
2018 11 JAN	£220,000	£166,759	32% above HPI
2014 29 AUG	£178,500	£160,481	11% above HPI

1 THE LARCHES Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The three 1 THE LARCHES sales between August 2014 and July 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 January 2018 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the July 2022 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

How Large is 1 THE LARCHES?

1 THE LARCHES is 119m² according to the EPC inspection conducted in February 2017. This puts it in the largest 30% of detached houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses by size in Burnopfield, and where 1 THE LARCHES lies on this distribution: 72% of detached houses are smaller than 1 THE LARCHES, and 27% of houses are larger. Note that EPC data is not available for all properties in Burnopfield.

1 THE LARCHES: Plot and Title Map

1 THE LARCHES sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of 1 THE LARCHES, 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 THE LARCHES). 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 1 THE LARCHES?

1 THE LARCHES is located on BUSTY BANK in BURNOPFIELD, in the NE16 postcode district. The below map shows the position of 1 THE LARCHES on BUSTY BANK.