1, THE CHERRY TREES, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1LN - £210,000

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.

1 THE CHERRY TREES is a very small detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £267,254. It was last sold for £210,000 in October 2020, which was around 27% below the average October 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

1 THE CHERRY TREES Sold Prices

Land registry data shows two sales for 1 THE CHERRY TREES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 1 THE CHERRY TREES 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
2020 30 OCT	£210,000	£288,292	27% below HPI
2004 16 JUL	£160,000	£212,366	25% below HPI

1 THE CHERRY TREES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 1 THE CHERRY TREES sales from July 2004 and October 2020 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 July 2004 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2020 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1 THE CHERRY TREES be worth now?

1 THE CHERRY TREES might now be worth an estimated £267,254.

This is based on house price inflation of 27.3%, between October 2020 and March 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.3% inflationary increase is applied to the most recent sale price for 1 THE CHERRY TREES of £210,000 on 30th October 2020. For the value to have increased from £210,000 to £267,254 over the five years and seven months to March 2025, the following assumptions must hold true:

• The value of 1 THE CHERRY TREES has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The October 2020 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE CHERRY TREES has not materially changed since October 2020.

How Large is 1 THE CHERRY TREES?

1 THE CHERRY TREES is 81m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 20% of detached houses houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Otterburn, and where 1 THE CHERRY TREES lies on this distribution: 13% of detached houses houses are smaller than 1 THE CHERRY TREES, and 88% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

1 THE CHERRY TREES: Plot and Title Map

1 THE CHERRY TREES sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of 1 THE CHERRY TREES, 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 1 THE CHERRY TREES). 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 1 THE CHERRY TREES?

1 THE CHERRY TREES is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of No. 1 on THE CHERRY TREES.