15, ASPEN WAY, BLYTH, NE24 3XP - £175,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 ASPEN WAY is a small detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £261,530. It was last sold for £175,500 in July 2009, which was around 27% below the average July 2009 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2008, where the current energy rating was C, and the potential energy rating was C.

15 ASPEN WAY Sold Prices

Land registry data shows two sales for 15 ASPEN WAY 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 15 ASPEN WAY 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
2009 17 JUL	£175,500	£241,437	27% below HPI
2002 31 JUL	£97,500	£134,527	28% below HPI

15 ASPEN WAY 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 15 ASPEN WAY sales from July 2002 and July 2009 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 2002 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2009 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 15 ASPEN WAY be worth now?

15 ASPEN WAY might now be worth an estimated £261,530.

This is based on house price inflation of 49%, between July 2009 and February 2025, 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 49% inflationary increase is applied to the most recent sale price for 15 ASPEN WAY of £175,500 on 17th July 2009. For the value to have increased from £175,500 to £261,530 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 15 ASPEN WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2009 sale price of £175,500 represented a fair market value for the property.
• The size, condition, and specification of 15 ASPEN WAY has not materially changed since July 2009.

How Large is 15 ASPEN WAY?

15 ASPEN WAY is 92m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 40% of detached houses houses in Blyth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Blyth, and where 15 ASPEN WAY lies on this distribution: 32% of detached houses houses are smaller than 15 ASPEN WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Blyth.

15 ASPEN WAY: Plot and Title Map

15 ASPEN WAY sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 15 ASPEN WAY, 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 15 ASPEN WAY). 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 15 ASPEN WAY?

15 ASPEN WAY is located in BLYTH, in the NE24 postcode district. The below map shows the position of No. 15 on ASPEN WAY.