2, OCTAVIA CLOSE, BEDLINGTON, NE22 6LG - £177,000

2 OCTAVIA CLOSE is a very small detached house of 49m², built sometime between 1976 and 1982. It was last sold for £177,000 in December 2020, which was around 38% below the average December 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

2 OCTAVIA CLOSE Sold Prices

Land registry data shows two sales for 2 OCTAVIA CLOSE 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 2 OCTAVIA CLOSE 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 7 DEC	£177,000	£284,772	38% below HPI
2015 31 JUL	£132,222	£240,522	45% below HPI

2 OCTAVIA CLOSE 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 2 OCTAVIA CLOSE sales from July 2015 and December 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 2015 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the December 2020 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 2 OCTAVIA CLOSE?

2 OCTAVIA CLOSE is 49m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 10% of detached houses in Bedlington, based on EPC data. The below chart shows the distribution of detached houses by size in Bedlington, and where 2 OCTAVIA CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 2 OCTAVIA CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Bedlington.

2 OCTAVIA CLOSE: Plot and Title Map

2 OCTAVIA CLOSE sits on a plot of roughly 0.066 of an acre, or 265m². The below map shows the location of 2 OCTAVIA CLOSE, 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 OCTAVIA CLOSE). 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 OCTAVIA CLOSE?

2 OCTAVIA CLOSE is located in BEDLINGTON, in the NE22 postcode district. The below map shows the position of No. 2 on OCTAVIA CLOSE.