7, RICHMOND PARK, WALLSEND, NE28 8UN - £244,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 RICHMOND PARK is a very large extended detached house of 146m², built sometime between 1983 and 1990, which could now be worth an estimated £342,740. It was last sold for £244,950 in July 2016, which was around 8% below the average July 2016 detached price in the North Tyneside local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

7 RICHMOND PARK Sold Prices

Land registry data shows two sales for 7 RICHMOND PARK 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. One of the two 7 RICHMOND PARK sales was for below the average price, whilst the other was 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
2016 14 JUL	£244,950	£266,317	8% below HPI
2004 21 APR	£196,000	£191,353	2% above HPI

7 RICHMOND PARK 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 7 RICHMOND PARK sales from April 2004 and July 2016 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 April 2004 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the July 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 7 RICHMOND PARK be worth now?

7 RICHMOND PARK might now be worth an estimated £342,740.

This is based on house price inflation of 39.9%, between July 2016 and February 2025, for detached houses, in the North Tyneside local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.9% inflationary increase is applied to the most recent sale price for 7 RICHMOND PARK of £244,950 on 14th July 2016. For the value to have increased from £244,950 to £342,740 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 7 RICHMOND PARK has moved in line with the HPI for detached houses in the North Tyneside local authority area.
• The July 2016 sale price of £244,950 represented a fair market value for the property.
• The size, condition, and specification of 7 RICHMOND PARK has not materially changed since July 2016.

How Large is 7 RICHMOND PARK?

7 RICHMOND PARK is 146m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 10% of detached houses houses in Wallsend, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wallsend, and where 7 RICHMOND PARK lies on this distribution: 94% of detached houses houses are smaller than 7 RICHMOND PARK, and 6% of houses are larger. Note that EPC data is not available for all properties in Wallsend.

7 RICHMOND PARK: Plot and Title Map

7 RICHMOND PARK sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 7 RICHMOND PARK, 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 RICHMOND PARK). 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 RICHMOND PARK?

7 RICHMOND PARK is located in WALLSEND, in the NE28 postcode district. The below map shows the position of No. 7 on RICHMOND PARK.