38, ALLERBURN LEA, ALNWICK, NE66 2NQ - £250,000

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.

38 ALLERBURN LEA is a very small detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £279,931. It was last sold for £250,000 in March 2022, which was around 20% below the average March 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was B.

38 ALLERBURN LEA Sold Prices

Land registry data shows four sales for 38 ALLERBURN LEA 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 38 ALLERBURN LEA 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 11 MAR	£250,000	£311,061	20% below HPI
2021 26 NOV	£230,000	£302,156	24% below HPI
2014 4 NOV	£210,000	£244,442	14% below HPI
1997 9 MAY	£73,000	£89,424	18% below HPI

38 ALLERBURN LEA 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 38 ALLERBURN LEA sales between May 1997 and March 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 November 2021 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2022 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 38 ALLERBURN LEA be worth now?

38 ALLERBURN LEA might now be worth an estimated £279,931.

This is based on house price inflation of 12%, between March 2022 and June 2025, for detached 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 12% inflationary increase is applied to the most recent sale price for 38 ALLERBURN LEA of £250,000 on 11th March 2022. For the value to have increased from £250,000 to £279,931 over the two years and nine months to June 2025, the following assumptions must hold true:

• The value of 38 ALLERBURN LEA has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The March 2022 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 38 ALLERBURN LEA has not materially changed since March 2022.

How Large is 38 ALLERBURN LEA?

38 ALLERBURN LEA is 74m² according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of detached houses houses in Alnwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alnwick, and where 38 ALLERBURN LEA lies on this distribution: 3% of detached houses houses are smaller than 38 ALLERBURN LEA, and 97% of houses are larger. Note that EPC data is not available for all properties in Alnwick.

38 ALLERBURN LEA: Plot and Title Map

38 ALLERBURN LEA sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 38 ALLERBURN LEA, 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 38 ALLERBURN LEA). 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 38 ALLERBURN LEA?

38 ALLERBURN LEA is located in ALNWICK, in the NE66 postcode district. The below map shows the position of No. 38 on ALLERBURN LEA.