HEATHERLEA, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1NP - £280,000

HEATHERLEA is a midsized extended detached house of 108m², built sometime between 1950 and 1966. It was last sold for £280,000 in May 2012, which was around 24% above the average May 2012 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

HEATHERLEA Sold Prices

Land registry data shows two sales for HEATHERLEA 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. One of the two HEATHERLEA 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
2012 18 MAY	£280,000	£226,420	24% above HPI
2009 12 MAR	£123,000	£224,503	45% below HPI

HEATHERLEA 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 HEATHERLEA sales from March 2009 and May 2012 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 March 2009 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the May 2012 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is HEATHERLEA?

HEATHERLEA is 108m², which includes one extension, according to the EPC inspection conducted in May 2011. 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 HEATHERLEA lies on this distribution: 42% of detached houses are smaller than HEATHERLEA, and 58% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

HEATHERLEA: Plot and Title Map

HEATHERLEA sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of HEATHERLEA, 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 HEATHERLEA). 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 HEATHERLEA?

HEATHERLEA is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of HEATHERLEA in OTTERBURN.