2, PENNINE DRIVE, ASHINGTON, NE63 0TE - £124,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 PENNINE DRIVE is a very small detached house of 67m², built sometime between 1983 and 1990. It was last sold for £124,000 in May 2014, which was around 46% below the average May 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

2 PENNINE DRIVE Sold Prices

Land registry data shows three sales for 2 PENNINE DRIVE 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 2 PENNINE DRIVE 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
2014 30 MAY	£124,000	£230,773	46% below HPI
2009 24 APR	£125,000	£220,057	43% below HPI
1997 1 OCT	£55,950	£87,507	36% below HPI

2 PENNINE DRIVE 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 2 PENNINE DRIVE sales between October 1997 and May 2014 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 2009 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the May 2014 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 2 PENNINE DRIVE?

2 PENNINE DRIVE is 67m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% of detached houses in Ashington, based on EPC data. The below chart shows the distribution of detached houses by size in Ashington, and where 2 PENNINE DRIVE lies on this distribution: 3% of detached houses are smaller than 2 PENNINE DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Ashington.

2 PENNINE DRIVE: Plot and Title Map

2 PENNINE DRIVE sits on a plot of roughly 0.069 of an acre, or 279m². The below map shows the location of 2 PENNINE DRIVE, 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 2 PENNINE DRIVE). 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 2 PENNINE DRIVE?

2 PENNINE DRIVE is located in ASHINGTON, in the NE63 postcode district. The below map shows the position of No. 2 on PENNINE DRIVE.