7, NEW LANE, NEASHAM, DARLINGTON, DL2 1QR - £400,000

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

7 NEW LANE is a large detached house of 205m², which could now be worth an estimated £524,657. It was last sold for £400,000 in July 2020, which was around 87% above the average July 2020 detached price in the Darlington local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

7 NEW LANE Sold Prices

Land registry data shows two sales for 7 NEW LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Darlington local authority area for the corresponding sale date. Both of the two 7 NEW LANE 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 17 JUL	£400,000	£214,049	87% above HPI
2014 28 JUL	£434,950	£206,158	111% above HPI

7 NEW LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Darlington local authority area over time, sourced from the HPI. The two 7 NEW LANE sales from July 2014 and July 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 2014 sale was for 111% above the HPI. So the extrapolation line tracks at 111% above the HPI over time, until the July 2020 sale, where it falls to 87% above the HPI. The line then continues to track at 87% above the HPI.

What might 7 NEW LANE be worth now?

7 NEW LANE might now be worth an estimated £524,657.

This is based on house price inflation of 31.2%, between July 2020 and December 2024, for detached houses, in the Darlington local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.2% inflationary increase is applied to the most recent sale price for 7 NEW LANE of £400,000 on 17th July 2020. For the value to have increased from £400,000 to £524,657 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 7 NEW LANE has moved in line with the HPI for detached houses in the Darlington local authority area.
• The July 2020 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 7 NEW LANE has not materially changed since July 2020.

How Large is 7 NEW LANE?

7 NEW LANE is 205m² according to the EPC inspection conducted in March 2014. This puts it in the largest 30% of detached houses houses in Neasham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Neasham, and where 7 NEW LANE lies on this distribution: 73% of detached houses houses are smaller than 7 NEW LANE, and 24% of houses are larger. Note that EPC data is not available for all properties in Neasham.

7 NEW LANE: Plot and Title Map

7 NEW LANE sits on a plot of roughly 0.113 of an acre, or 458m². The below map shows the location of 7 NEW 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 7 NEW 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.

Where is 7 NEW LANE?

7 NEW LANE is located in NEASHAM, in the DL2 postcode district. The below map shows the position of No. 7 on NEW LANE.