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

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.

HEATHERLEA is a midsized extended detached house of 128m², built sometime between 1950 and 1966, which could now be worth an estimated £446,650. It was last sold for £280,000 in May 2012, which was around 20% 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	£233,704	20% above HPI
2009 12 MAR	£123,000	£231,725	47% 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 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the May 2012 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might HEATHERLEA be worth now?

HEATHERLEA might now be worth an estimated £446,650.

This is based on house price inflation of 59.5%, between May 2012 and July 2026, 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 59.5% inflationary increase is applied to the most recent sale price for HEATHERLEA of £280,000 on 18th May 2012. For the value to have increased from £280,000 to £446,650 over the thirteen years and ten months to July 2026, the following assumptions must hold true:

• The value of HEATHERLEA has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The May 2012 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of HEATHERLEA has not materially changed since May 2012.

How Large is HEATHERLEA?

HEATHERLEA is 128m², which includes one extension, according to the EPC inspection conducted in May 2011. This puts it in the largest 50% of detached houses houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Otterburn, and where HEATHERLEA lies on this distribution: 55% of detached houses houses are smaller than HEATHERLEA, and 45% 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.