2, PARK VIEW, CRAMLINGTON, NE23 7LB - £80,000

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 VIEW is a very small terraced house of 77m², built sometime between 1950 and 1966, which could now be worth an estimated £137,653. It was last sold for £80,000 in October 2011, which was around 30% below the average October 2011 terraced price in the North Tyneside local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

2 PARK VIEW Sold Prices

Land registry data shows two sales for 2 PARK VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the North Tyneside local authority area for the corresponding sale date. Both of the two 2 PARK VIEW sales were for below 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
2011 21 OCT	£80,000	£114,703	30% below HPI
2001 31 JAN	£39,500	£44,325	11% below HPI

2 PARK VIEW Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Tyneside local authority area over time, sourced from the HPI. The two 2 PARK VIEW sales from January 2001 and October 2011 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 January 2001 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2011 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 PARK VIEW be worth now?

2 PARK VIEW might now be worth an estimated £137,653.

This is based on house price inflation of 72.1%, between October 2011 and May 2026, for terraced 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 72.1% inflationary increase is applied to the most recent sale price for 2 PARK VIEW of £80,000 on 21st October 2011. For the value to have increased from £80,000 to £137,653 over the fifteen years and five months to May 2026, the following assumptions must hold true:

• The value of 2 PARK VIEW has moved in line with the HPI for terraced houses in the North Tyneside local authority area.
• The October 2011 sale price of £80,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PARK VIEW has not materially changed since October 2011.

How Large is 2 PARK VIEW?

2 PARK VIEW is 77m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 20% of terraced houses houses in Killingworth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Killingworth, and where 2 PARK VIEW lies on this distribution: 16% of terraced houses houses are smaller than 2 PARK VIEW, and 83% of houses are larger. Note that EPC data is not available for all properties in Killingworth.

2 PARK VIEW: Plot and Title Map

2 PARK VIEW sits on a plot of roughly 0.024 of an acre, or 96m². The below map shows the location of 2 PARK VIEW, 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 VIEW). 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 VIEW?

2 PARK VIEW is located in CRAMLINGTON, in the NE23 postcode district. The below map shows the position of No. 2 on PARK VIEW.