15, COMMERCIAL ROAD, SPITTAL, BERWICK-UPON-TWEED, TD15 1RQ - £325,000

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 COMMERCIAL ROAD is a large extended detached house of 153m², built sometime between 1900 and 1929, which could now be worth an estimated £357,517. It was last sold for £325,000 in November 2023, which was around 3% below the average November 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, and the potential energy rating was B.

15 COMMERCIAL ROAD Sold Prices

Land registry data shows two sales for 15 COMMERCIAL ROAD 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 COMMERCIAL ROAD 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
2023 30 NOV	£325,000	£333,522	3% below HPI
2021 12 JUL	£140,000	£300,218	53% below HPI

15 COMMERCIAL ROAD 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 COMMERCIAL ROAD sales from July 2021 and November 2023 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 2021 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the November 2023 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 15 COMMERCIAL ROAD be worth now?

15 COMMERCIAL ROAD might now be worth an estimated £357,517.

This is based on house price inflation of 10%, between November 2023 and March 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 10% inflationary increase is applied to the most recent sale price for 15 COMMERCIAL ROAD of £325,000 on 30th November 2023. For the value to have increased from £325,000 to £357,517 over the two years and eight months to March 2025, the following assumptions must hold true:

• The value of 15 COMMERCIAL ROAD has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2023 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 15 COMMERCIAL ROAD has not materially changed since November 2023.

How Large is 15 COMMERCIAL ROAD?

15 COMMERCIAL ROAD is 153m², which includes three extensions, according to the EPC inspection conducted in July 2023. This puts it in the largest 30% of detached houses houses in Berwick-upon-Tweed, based on EPC data. The below chart shows the distribution of detached houses houses by size in Berwick-upon-Tweed, and where 15 COMMERCIAL ROAD lies on this distribution: 73% of detached houses houses are smaller than 15 COMMERCIAL ROAD, and 27% of houses are larger. Note that EPC data is not available for all properties in Berwick-upon-Tweed.

15 COMMERCIAL ROAD: Plot and Title Map

15 COMMERCIAL ROAD sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 15 COMMERCIAL ROAD, 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 COMMERCIAL ROAD). 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 COMMERCIAL ROAD?

15 COMMERCIAL ROAD is located in SPITTAL, in the TD15 postcode district. The below map shows the position of No. 15 on COMMERCIAL ROAD.