7, BANKFOOT, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1NU - £173,000

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.

7 BANKFOOT is a very small extended terraced house of 85m², built sometime before 1900, which could now be worth an estimated £208,055. It was last sold for £173,000 in September 2021, which was around 27% above the average September 2021 terraced price in the Northumberland local authority area. The most recent EPC inspection was May 2021, where the current energy rating was E, and the potential energy rating was C.

7 BANKFOOT Sold Prices

Land registry data shows two sales for 7 BANKFOOT 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 7 BANKFOOT sales was for above the average price, whilst the other was 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
2021 29 SEP	£173,000	£136,668	27% above HPI
2010 28 MAY	£98,000	£116,614	16% below HPI

7 BANKFOOT 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 7 BANKFOOT sales from May 2010 and September 2021 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 May 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2021 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 7 BANKFOOT be worth now?

7 BANKFOOT might now be worth an estimated £208,055.

This is based on house price inflation of 20.3%, between September 2021 and July 2025, 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 20.3% inflationary increase is applied to the most recent sale price for 7 BANKFOOT of £173,000 on 29th September 2021. For the value to have increased from £173,000 to £208,055 over the four years and two months to July 2025, the following assumptions must hold true:

• The value of 7 BANKFOOT has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The September 2021 sale price of £173,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BANKFOOT has not materially changed since September 2021.

How Large is 7 BANKFOOT?

7 BANKFOOT is 85m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the smallest 20% of terraced houses houses in Otterburn, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Otterburn, and where 7 BANKFOOT lies on this distribution: 16% of terraced houses houses are smaller than 7 BANKFOOT, and 84% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

7 BANKFOOT: Plot and Title Map

7 BANKFOOT sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of 7 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 7 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 7 BANKFOOT?

7 BANKFOOT is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of No. 7 on BANKFOOT.