LEAZES LODGE, BURNOPFIELD, NEWCASTLE UPON TYNE, NE16 6AH - £710,000

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

LEAZES LODGE is a very large detached house of 249m², built sometime between 2003 and 2006. It was last sold for £710,000 in June 2022, which was around 249% above the average June 2022 detached price in the County Durham local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

LEAZES LODGE Sold Prices

Land registry data shows two sales for LEAZES LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the County Durham local authority area for the corresponding sale date. Both of the two LEAZES LODGE 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
2022 24 JUN	£710,000	£203,387	249% above HPI
2021 25 JUN	£500,000	£193,890	158% above HPI

LEAZES LODGE 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 two LEAZES LODGE sales from June 2021 and June 2022 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 June 2021 sale was for 158% above the HPI. So the extrapolation line tracks at 158% above the HPI over time, until the June 2022 sale, where it rises to 249% above the HPI. The line then continues to track at 249% above the HPI.

How Large is LEAZES LODGE?

LEAZES LODGE is 249m² according to the EPC inspection conducted in June 2021. This puts it in the largest 10% of detached houses in Burnopfield, based on EPC data. The below chart shows the distribution of detached houses by size in Burnopfield, and where LEAZES LODGE lies on this distribution: 97% of detached houses are smaller than LEAZES LODGE, and 3% of houses are larger. Note that EPC data is not available for all properties in Burnopfield.

LEAZES LODGE: Plot and Title Map

LEAZES LODGE sits on a plot of roughly 0.198 of an acre, or 801m². The below map shows the location of LEAZES LODGE, 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 LEAZES LODGE). 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 LEAZES LODGE?

LEAZES LODGE is located in BURNOPFIELD, in the NE16 postcode district. The below map shows the position of LEAZES LODGE in BURNOPFIELD.