1, THE CHERRY TREES, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1LN - £210,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 THE CHERRY TREES is a very small detached house of 81m², built sometime between 1991 and 1995. It was last sold for £210,000 in October 2020, which was around 25% below the average October 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2018, where the current energy rating was D, and the potential energy rating was B.

1 THE CHERRY TREES Sold Prices

Land registry data shows two sales for 1 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 1 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
2020 30 OCT	£210,000	£279,307	25% below HPI
2004 16 JUL	£160,000	£205,747	22% below HPI

1 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 1 THE CHERRY TREES sales from July 2004 and October 2020 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 July 2004 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the October 2020 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 1 THE CHERRY TREES?

1 THE CHERRY TREES is 81m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 20% of detached houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses by size in Otterburn, and where 1 THE CHERRY TREES lies on this distribution: 13% of detached houses are smaller than 1 THE CHERRY TREES, and 88% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

1 THE CHERRY TREES: Plot and Title Map

1 THE CHERRY TREES sits on a plot of roughly 0.112 of an acre, or 451m². The below map shows the location of 1 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 1 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 1 THE CHERRY TREES?

1 THE CHERRY TREES is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of No. 1 on THE CHERRY TREES.