2, NEWARK ROAD, PETERBOROUGH, PE1 5YJ - £120,000

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

2 NEWARK ROAD is a very small extended detached house of 68m², built sometime between 1950 and 1966. It was last sold for £120,000 in January 2015, which was around 49% below the average January 2015 detached price in the City of Peterborough local authority area. The most recent EPC inspection was July 2013, where the current energy rating was E, and the potential energy rating was B.

2 NEWARK ROAD Sold Prices

Land registry data shows three sales for 2 NEWARK ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. All of the three 2 NEWARK ROAD 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
2015 16 JAN	£120,000	£234,224	49% below HPI
2006 1 SEP	£50,000	£220,690	77% below HPI
2001 17 AUG	£45,000	£117,946	62% below HPI

2 NEWARK ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The three 2 NEWARK ROAD sales between August 2001 and January 2015 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 September 2006 sale was for 77% below the HPI. So the extrapolation line tracks at 77% below the HPI over time, until the January 2015 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 2 NEWARK ROAD?

2 NEWARK ROAD is 68m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of detached houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses by size in Peterborough, and where 2 NEWARK ROAD lies on this distribution: 5% of detached houses are smaller than 2 NEWARK ROAD, and 95% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

2 NEWARK ROAD: Plot and Title Map

2 NEWARK ROAD sits on a plot of roughly 0.110 of an acre, or 446m². The below map shows the location of 2 NEWARK ROAD, 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 NEWARK ROAD). 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 NEWARK ROAD?

2 NEWARK ROAD is located in PETERBOROUGH, in the PE1 postcode district. The below map shows the position of No. 2 on NEWARK ROAD.