2, THE LARCHES, BUSTY BANK, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6NG - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 THE LARCHES is a midsized extended detached house of 111m², built sometime between 1983 and 1990, which could now be worth an estimated £377,029. It was last sold for £290,000 in October 2020, which was around 61% above the average October 2020 detached price in the County Durham local authority area. The most recent EPC inspection was September 2020, where the current energy rating was D, and the potential energy rating was B.

2 THE LARCHES Sold Prices

Land registry data shows five sales for 2 THE LARCHES since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Most of the five 2 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
2020 23 OCT	£290,000	£180,433	61% above HPI
2016 1 JUL	£233,000	£168,064	39% above HPI
2006 8 NOV	£257,000	£187,575	37% above HPI
2005 30 MAY	£165,000	£169,942	3% below HPI
2002 15 JUL	£157,000	£96,094	63% above HPI

2 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 five 2 THE LARCHES sales between July 2002 and October 2020 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 July 2016 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the October 2020 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 2 THE LARCHES be worth now?

2 THE LARCHES might now be worth an estimated £377,029.

This is based on house price inflation of 30%, between October 2020 and December 2024, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30% inflationary increase is applied to the most recent sale price for 2 THE LARCHES of £290,000 on 23rd October 2020. For the value to have increased from £290,000 to £377,029 over the three years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 THE LARCHES has moved in line with the HPI for detached houses in the County Durham local authority area.
• The October 2020 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE LARCHES has not materially changed since October 2020.

How Large is 2 THE LARCHES?

2 THE LARCHES is 111m², which includes one extension, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of detached houses houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Burnopfield, and where 2 THE LARCHES lies on this distribution: 59% of detached houses houses are smaller than 2 THE LARCHES, and 40% of houses are larger. Note that EPC data is not available for all properties in Burnopfield.

2 THE LARCHES: Plot and Title Map

2 THE LARCHES sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 2 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 2 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 2 THE LARCHES?

2 THE LARCHES is located on BUSTY BANK in BURNOPFIELD, in the NE16 postcode district. The below map shows the position of 2 THE LARCHES on BUSTY BANK.