8, Park Lane
8, Park Lane
Description & Estimates
8, Park Lane, Rugby appears in the public record as a freehold house sitting on a 313 m2 plot.
By comparing it to nearby properties, we estimate it to be a modern house with 1,285 ft2 of internal area and a garden.
Locally, houses of this size normally have 4 bedrooms.
Our estimate of the sale value of 8, Park Lane, Rugby is £375,541 and its rental estimate is £1,572 per month, given the available information and assuming reasonable condition.
Park Lane, Rugby, CV22 falls within the CV22 postal district, in the borough of Rugby.
Our Data Sources
8, Park Lane, Rugby has 41 entries in the Land Registry , most recently in February 2020 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 8, Park Lane, Rugby, we estimate a market value of £394,318 and a rental value of £1,651 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £349,253 and £1,462 per month respectively.
Recent Market Change
Over the last year, 8, Park Lane, Rugby has seen its estimated sale value decrease by £5,385 (1.4%) and its estimated rental value grow by £28 per month (1.8%). This results in an estimated gross rental yield of 5.0%.
Plot Size
HM Land Registry records the plot of land for 8, Park Lane, Rugby as measuring 313 m2.
That makes it the largest plot in the postcode, where 3 of the 6 other houses have recorded plot data.
Sold Prices
The most recent sale of 8, Park Lane, Rugby completed on 28th February 2020 at £415,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 27.7% over the period since February 2020.
- Sold Feb 2020£415,000
- Sold Oct 2018£450,000
- Sold Mar 2016£250,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Park Lane, Rugby have sold within a radius of 560 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th July 2024, was 36, Hibbert Close, Rugby, CV22 6DS, a freehold house which sold for £405,000.
Read more about house prices in CV22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Similar Properties Let Nearby
Over the past 2 years our Estate Agent network has recorded 1 let of a property comparable to 8, Park Lane, Rugby, all within 560 metres.
The latest, in December 2010, was 31, Hibbert Close, Rugby, CV22 6DS, a freehold house let by Newman Property Experts.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Location Comparison
Of the 9 addresses on Park Lane, Rugby, CV22, 8, Park Lane, Rugby comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £50k more expensive than the average property across the CV22 district.
More reading links
Schools Nearby
- 200mOakfield Primary Academy
- 300mSt Marie's Catholic Primary School
- 300mSt Matthew's Bloxam CofE Primary School
- 700mHarris Church of England Academy
- 1.0kmLawrence Sheriff School
- 1.2kmRugby Free Secondary School
More reading links
Public Transport Nearby
From 8, Park Lane, Rugby, the nearest station is Rugby, 1.7 kilometres away.
- 1.7kmRugby
- 14.9kmLong Buckby
- 16.9kmCoventry
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
