4, BANKFOOT, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1NU - £130,000

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.

4 BANKFOOT is a very small extended semi-detached house of 76m², built sometime before 1900, which could now be worth an estimated £179,914. It was last sold for £130,000 in July 2019, which was around 8% below the average July 2019 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was C.

4 BANKFOOT Sold Prices

Land registry data shows two sales for 4 BANKFOOT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 4 BANKFOOT 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
2019 18 JUL	£130,000	£141,841	8% below HPI
1996 31 JAN	£20,000	£42,182	53% below HPI

4 BANKFOOT Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 4 BANKFOOT sales from January 1996 and July 2019 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 January 1996 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the July 2019 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 4 BANKFOOT be worth now?

4 BANKFOOT might now be worth an estimated £179,914.

This is based on house price inflation of 38.4%, between July 2019 and July 2025, for semi-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 38.4% inflationary increase is applied to the most recent sale price for 4 BANKFOOT of £130,000 on 18th July 2019. For the value to have increased from £130,000 to £179,914 over the six years to July 2025, the following assumptions must hold true:

• The value of 4 BANKFOOT has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The July 2019 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 4 BANKFOOT has not materially changed since July 2019.

How Large is 4 BANKFOOT?

4 BANKFOOT is 76m², which includes one extension, according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% of semi-detached houses houses in Otterburn, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Otterburn, and where 4 BANKFOOT lies on this distribution: 9% of semi-detached houses houses are smaller than 4 BANKFOOT, and 91% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

4 BANKFOOT: Plot and Title Map

4 BANKFOOT sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of 4 BANKFOOT, 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 4 BANKFOOT). 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 4 BANKFOOT?

4 BANKFOOT is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of No. 4 on BANKFOOT.