3, PATTERSON WAY, ASHINGTON, NE63 9FH - £78,000

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.

3 PATTERSON WAY is a very small terraced house of 62m², built sometime from 2007 onwards, which could now be worth an estimated £117,782. It was last sold for £78,000 in January 2016, which was around 30% below the average January 2016 terraced price in the Northumberland local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was A.

3 PATTERSON WAY Sold Prices

Land registry data shows two sales for 3 PATTERSON WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. One of the two 3 PATTERSON WAY sales was for below the average price, whilst the other was for above 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
2016 22 JAN	£78,000	£111,813	30% below HPI
2006 23 NOV	£119,950	£118,548	1% above HPI

3 PATTERSON WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Northumberland local authority area over time, sourced from the HPI. The two 3 PATTERSON WAY sales from November 2006 and January 2016 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 November 2006 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2016 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 3 PATTERSON WAY be worth now?

3 PATTERSON WAY might now be worth an estimated £117,782.

This is based on house price inflation of 51%, between January 2016 and May 2026, for terraced 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 51% inflationary increase is applied to the most recent sale price for 3 PATTERSON WAY of £78,000 on 22nd January 2016. For the value to have increased from £78,000 to £117,782 over the nine years and eight months to May 2026, the following assumptions must hold true:

• The value of 3 PATTERSON WAY has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The January 2016 sale price of £78,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PATTERSON WAY has not materially changed since January 2016.

How Large is 3 PATTERSON WAY?

3 PATTERSON WAY is 62m² according to the EPC inspection conducted in October 2014. This puts it in the smallest 10% of terraced houses houses in Ashington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Ashington, and where 3 PATTERSON WAY lies on this distribution: 1% of terraced houses houses are smaller than 3 PATTERSON WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Ashington.

3 PATTERSON WAY: Plot and Title Map

3 PATTERSON WAY sits on a plot of roughly 0.023 of an acre, or 95m². The below map shows the location of 3 PATTERSON WAY, 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 3 PATTERSON WAY). 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 3 PATTERSON WAY?

3 PATTERSON WAY is located in ASHINGTON, in the NE63 postcode district. The below map shows the position of No. 3 on PATTERSON WAY.