1A, OTTERBURN AVENUE, SOUTH WELLFIELD, WHITLEY BAY, NE25 9QL - £270,000

1A OTTERBURN AVENUE is a very small extended detached house of 65m², built sometime between 1950 and 1966. It was last sold for £270,000 in August 2022, which was around 23% below the average August 2022 detached price in the North Tyneside local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

1A OTTERBURN AVENUE Sold Prices

Land registry data shows four sales for 1A OTTERBURN AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Tyneside local authority area for the corresponding sale date. All of the four 1A OTTERBURN AVENUE 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
2022 12 AUG	£270,000	£350,591	23% below HPI
2007 11 MAY	£200,000	£238,712	16% below HPI
2001 1 FEB	£82,500	£101,619	19% below HPI
1998 5 MAY	£70,000	£87,065	20% below HPI

1A OTTERBURN AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Tyneside local authority area over time, sourced from the HPI. The four 1A OTTERBURN AVENUE sales between May 1998 and August 2022 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 May 2007 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the August 2022 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 1A OTTERBURN AVENUE?

1A OTTERBURN AVENUE is 65m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of detached houses in Whitley Bay, based on EPC data. The below chart shows the distribution of detached houses by size in Whitley Bay, and where 1A OTTERBURN AVENUE lies on this distribution: 2% of detached houses are smaller than 1A OTTERBURN AVENUE, and 98% of houses are larger. Note that EPC data is not available for all properties in Whitley Bay.

1A OTTERBURN AVENUE: Plot and Title Map

1A OTTERBURN AVENUE sits on a plot of roughly 19.9 acres, or 80,725m². The below map shows the location of 1A OTTERBURN AVENUE, 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 1A OTTERBURN AVENUE). 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 1A OTTERBURN AVENUE?

1A OTTERBURN AVENUE is located in SOUTH WELLFIELD, in the NE25 postcode district. The below map shows the position of No. 1A on OTTERBURN AVENUE.