11, CHAINS DRIVE, CORBRIDGE, NE45 5BP - £450,000

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.

11 CHAINS DRIVE is a large terraced house of 141m², built sometime between 2003 and 2006, which could now be worth an estimated £634,624. It was last sold for £450,000 in April 2007, which was around 276% above the average April 2007 terraced price in the Northumberland local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was B.

11 CHAINS DRIVE Sold Prices

Land registry data shows one sale for 11 CHAINS DRIVE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2007 12 APR	£450,000	£119,722	276% above HPI

What might 11 CHAINS DRIVE be worth now?

11 CHAINS DRIVE might now be worth an estimated £634,624.

This is based on house price inflation of 41%, between April 2007 and May 2026, 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 41% inflationary increase is applied to the most recent sale price for 11 CHAINS DRIVE of £450,000 on 12th April 2007. For the value to have increased from £450,000 to £634,624 over the eighteen years and eleven months to May 2026, the following assumptions must hold true:

• The value of 11 CHAINS DRIVE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The April 2007 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 11 CHAINS DRIVE has not materially changed since April 2007.

How Large is 11 CHAINS DRIVE?

11 CHAINS DRIVE is 141m² according to the EPC inspection conducted in November 2009. This puts it in the largest 20% of terraced houses in Corbridge, based on EPC data. The below chart shows the distribution of terraced houses by size in Corbridge, and where 11 CHAINS DRIVE lies on this distribution: 80% of terraced houses are smaller than 11 CHAINS DRIVE, and 20% of terraced houses are larger. Note that EPC data is not available for all properties in Corbridge.

11 CHAINS DRIVE: Plot

11 CHAINS DRIVE sits on a plot of roughly 0.032 of an acre, or 131m².

Where is 11 CHAINS DRIVE?

11 CHAINS DRIVE is located in CORBRIDGE, in the NE45 postcode district.