4, THE CHERRY TREES, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1LN - £230,000

4 THE CHERRY TREES is a midsized detached house of 109m², built sometime between 1996 and 2002. It was last sold for £230,000 in August 2022, which was around 29% below the average August 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was A.

4 THE CHERRY TREES Sold Prices

Land registry data shows two sales for 4 THE CHERRY TREES 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 4 THE CHERRY TREES 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 2 AUG	£230,000	£324,932	29% below HPI
1999 2 NOV	£30,000	£100,470	70% below HPI

4 THE CHERRY TREES 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 4 THE CHERRY TREES sales from November 1999 and August 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 1999 sale was for 70% below the HPI. So the extrapolation line tracks at 70% below the HPI over time, until the August 2022 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 4 THE CHERRY TREES?

4 THE CHERRY TREES is 109m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 50% of detached houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses by size in Otterburn, and where 4 THE CHERRY TREES lies on this distribution: 45% of detached houses are smaller than 4 THE CHERRY TREES, and 55% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

4 THE CHERRY TREES: Plot and Title Map

4 THE CHERRY TREES sits on a plot of roughly 0.104 of an acre, or 419m². The below map shows the location of 4 THE CHERRY TREES, 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 THE CHERRY TREES). 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 THE CHERRY TREES?

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