2, RICHMOND CLOSE, BEDLINGTON, NE22 6NG - £274,000

2 RICHMOND CLOSE is a small detached house of 97m², built sometime between 1996 and 2002. It was last sold for £274,000 in March 2023, which was around 12% below the average March 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

2 RICHMOND CLOSE Sold Prices

Land registry data shows four sales for 2 RICHMOND CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four 2 RICHMOND 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
2023 24 MAR	£274,000	£311,359	12% below HPI
2019 16 AUG	£195,000	£261,442	25% below HPI
2014 5 AUG	£187,000	£236,997	21% below HPI
1996 25 JUL	£73,950	£83,384	11% below HPI

2 RICHMOND 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 four 2 RICHMOND CLOSE sales between July 1996 and March 2023 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 August 2019 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the March 2023 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 2 RICHMOND CLOSE?

2 RICHMOND CLOSE is 97m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% 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 RICHMOND CLOSE lies on this distribution: 29% of detached houses are smaller than 2 RICHMOND CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Bedlington.

2 RICHMOND CLOSE: Plot and Title Map

2 RICHMOND CLOSE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 2 RICHMOND 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 RICHMOND 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 RICHMOND CLOSE?

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