15, CHIPCHASE CLOSE, BEDLINGTON, NE22 6ND - £225,000

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.

15 CHIPCHASE CLOSE is a very large detached house of 139m², built sometime between 1991 and 1995, which could now be worth an estimated £320,160. It was last sold for £225,000 in November 2010, which was around 11% below the average November 2010 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

15 CHIPCHASE CLOSE Sold Prices

Land registry data shows three sales for 15 CHIPCHASE CLOSE 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. Two of the three 15 CHIPCHASE CLOSE sales were for below the average price, whilst one was for above 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
2010 12 NOV	£225,000	£252,850	11% below HPI
2005 29 APR	£226,000	£230,281	2% below HPI
1995 31 MAR	£101,500	£85,317	19% above HPI

15 CHIPCHASE CLOSE 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 15 CHIPCHASE CLOSE sales between March 1995 and November 2010 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 April 2005 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2010 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 15 CHIPCHASE CLOSE be worth now?

15 CHIPCHASE CLOSE might now be worth an estimated £320,160.

This is based on house price inflation of 42.3%, between November 2010 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 42.3% inflationary increase is applied to the most recent sale price for 15 CHIPCHASE CLOSE of £225,000 on 12th November 2010. For the value to have increased from £225,000 to £320,160 over the fifteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 CHIPCHASE CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2010 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CHIPCHASE CLOSE has not materially changed since November 2010.

How Large is 15 CHIPCHASE CLOSE?

15 CHIPCHASE CLOSE is 139m² according to the EPC inspection conducted in October 2010. This puts it in the largest 20% of detached houses houses in Bedlington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bedlington, and where 15 CHIPCHASE CLOSE lies on this distribution: 85% of detached houses houses are smaller than 15 CHIPCHASE CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Bedlington.

15 CHIPCHASE CLOSE: Plot and Title Map

15 CHIPCHASE CLOSE sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of 15 CHIPCHASE CLOSE, 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 CHIPCHASE CLOSE). 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 CHIPCHASE CLOSE?

15 CHIPCHASE CLOSE is located in BEDLINGTON, in the NE22 postcode district. The below map shows the position of No. 15 on CHIPCHASE CLOSE.