16, PARK DRIVE, FOREST HALL, NEWCASTLE UPON TYNE, NE12 9JP - £300,000

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

16 PARK DRIVE is a small extended detached house of 101m², built sometime between 1930 and 1949. It was last sold for £300,000 in February 2021, which was around 2% below the average February 2021 detached price in the North Tyneside local authority area. The most recent EPC inspection was December 2019, where the current energy rating was D, and the potential energy rating was C.

16 PARK DRIVE Sold Prices

Land registry data shows two sales for 16 PARK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. Both of the two 16 PARK 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
2021 3 FEB	£300,000	£306,608	2% below HPI
2020 14 DEC	£240,000	£309,155	22% below HPI

16 PARK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Tyneside local authority area over time, sourced from the HPI. The two 16 PARK DRIVE sales from December 2020 and February 2021 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 December 2020 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 16 PARK DRIVE?

16 PARK DRIVE is 101m², which includes one extension, according to the EPC inspection conducted in December 2019. This puts it in the smallest 30% of detached houses in Longbenton, based on EPC data. The below chart shows the distribution of detached houses by size in Longbenton, and where 16 PARK DRIVE lies on this distribution: 25% of detached houses are smaller than 16 PARK DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Longbenton.

16 PARK DRIVE: Plot and Title Map

16 PARK DRIVE sits on a plot of roughly 0.152 of an acre, or 617m². The below map shows the location of 16 PARK 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 16 PARK 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 16 PARK DRIVE?

16 PARK DRIVE is located in FOREST HALL, in the NE12 postcode district. The below map shows the position of No. 16 on PARK DRIVE.