11, THE CHERRY TREES, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1LN - £185,000

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

11 THE CHERRY TREES is a very small detached house of 63m², built sometime between 1991 and 1995. It was last sold for £185,000 in July 2024, which was around 47% below the average July 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was December 2023, where the current energy rating was D, and the potential energy rating was B.

11 THE CHERRY TREES Sold Prices

Land registry data shows three sales for 11 THE CHERRY TREES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three 11 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
2024 25 JUL	£185,000	£349,262	47% below HPI
2003 7 JUL	£75,000	£167,815	55% below HPI
1998 6 NOV	£57,000	£95,268	40% below HPI

11 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 three 11 THE CHERRY TREES sales between November 1998 and July 2024 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 2003 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the July 2024 sale, where it rises to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 11 THE CHERRY TREES?

11 THE CHERRY TREES is 63m² according to the EPC inspection conducted in December 2023. This puts it in the smallest 10% of detached houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses by size in Otterburn, and where 11 THE CHERRY TREES lies on this distribution: 3% of detached houses are smaller than 11 THE CHERRY TREES, and 98% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

11 THE CHERRY TREES: Plot and Title Map

11 THE CHERRY TREES sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 11 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 11 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 11 THE CHERRY TREES?

11 THE CHERRY TREES is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of No. 11 on THE CHERRY TREES.