2, PARK LANE, COTTINGHAM, HU16 5RD - £170,000

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.

2 PARK LANE is a small extended terraced house of 98m², built sometime between 1900 and 1929, which could now be worth an estimated £228,492. It was last sold for £170,000 in February 2019, which was around 35% above the average February 2019 terraced price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was December 2018, where the current energy rating was D, and the potential energy rating was C.

2 PARK LANE Sold Prices

Land registry data shows three sales for 2 PARK LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the East Riding of Yorkshire local authority area for the corresponding sale date. All of the three 2 PARK 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
2019 28 FEB	£170,000	£126,331	35% above HPI
2005 14 DEC	£144,000	£105,277	37% above HPI
2003 2 JAN	£95,000	£63,015	51% above HPI

2 PARK LANE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The three 2 PARK LANE sales between January 2003 and February 2019 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 December 2005 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the February 2019 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 2 PARK LANE be worth now?

2 PARK LANE might now be worth an estimated £228,492.

This is based on house price inflation of 34.4%, between February 2019 and May 2026, for terraced houses, in the East Riding of Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.4% inflationary increase is applied to the most recent sale price for 2 PARK LANE of £170,000 on 28th February 2019. For the value to have increased from £170,000 to £228,492 over the six years and nine months to May 2026, the following assumptions must hold true:

• The value of 2 PARK LANE has moved in line with the HPI for terraced houses in the East Riding of Yorkshire local authority area.
• The February 2019 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK LANE has not materially changed since February 2019.

How Large is 2 PARK LANE?

2 PARK LANE is 98m², which includes one extension, according to the EPC inspection conducted in December 2018. This puts it in the smallest 30% of terraced houses houses in Cottingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Cottingham, and where 2 PARK LANE lies on this distribution: 25% of terraced houses houses are smaller than 2 PARK LANE, and 74% of houses are larger. Note that EPC data is not available for all properties in Cottingham.

2 PARK LANE: Plot and Title Map

2 PARK LANE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 2 PARK 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 2 PARK 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 2 PARK LANE?

2 PARK LANE is located in COTTINGHAM, in the HU16 postcode district. The below map shows the position of No. 2 on PARK LANE.