10, THE CHERRY TREES, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1LN - £120,000

10 THE CHERRY TREES is a very small semi-detached house of 61m², built sometime between 1991 and 1995. It was last sold for £120,000 in February 2014, which was around 48% below the average February 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was D.

10 THE CHERRY TREES Sold Prices

Land registry data shows two sales for 10 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 10 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
2014 21 FEB	£120,000	£229,659	48% below HPI
2004 2 JUL	£130,000	£205,747	37% below HPI

10 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 10 THE CHERRY TREES sales from July 2004 and February 2014 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 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2014 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 10 THE CHERRY TREES?

10 THE CHERRY TREES is 61m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of detached houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses by size in Otterburn, and where 10 THE CHERRY TREES lies on this distribution: 2% of detached houses are smaller than 10 THE CHERRY TREES, and 98% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

10 THE CHERRY TREES: Plot and Title Map

10 THE CHERRY TREES sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 10 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 10 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 10 THE CHERRY TREES?

10 THE CHERRY TREES is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of No. 10 on THE CHERRY TREES.