16, DRAKE AVENUE, BLYTH, NE24 3UQ - £228,000

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.

16 DRAKE AVENUE is a small detached house of 89m², which could now be worth an estimated £250,096. It was last sold for £228,000 in August 2022, which was around 30% below the average August 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

16 DRAKE AVENUE Sold Prices

Land registry data shows two sales for 16 DRAKE AVENUE 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 16 DRAKE AVENUE 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
2022 12 AUG	£228,000	£328,002	30% below HPI
2017 29 SEP	£199,950	£266,330	25% below HPI

16 DRAKE AVENUE 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 16 DRAKE AVENUE sales from September 2017 and August 2022 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 September 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 16 DRAKE AVENUE be worth now?

16 DRAKE AVENUE might now be worth an estimated £250,096.

This is based on house price inflation of 9.7%, between August 2022 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 9.7% inflationary increase is applied to the most recent sale price for 16 DRAKE AVENUE of £228,000 on 12th August 2022. For the value to have increased from £228,000 to £250,096 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 16 DRAKE AVENUE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2022 sale price of £228,000 represented a fair market value for the property.
• The size, condition, and specification of 16 DRAKE AVENUE has not materially changed since August 2022.

How Large is 16 DRAKE AVENUE?

16 DRAKE AVENUE is 89m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 30% 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 16 DRAKE AVENUE lies on this distribution: 24% of detached houses houses are smaller than 16 DRAKE AVENUE, and 71% of houses are larger. Note that EPC data is not available for all properties in Blyth.

16 DRAKE AVENUE: Plot and Title Map

16 DRAKE AVENUE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 16 DRAKE AVENUE, 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 16 DRAKE AVENUE). 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 16 DRAKE AVENUE?

16 DRAKE AVENUE is located in BLYTH, in the NE24 postcode district. The below map shows the position of No. 16 on DRAKE AVENUE.