24, TOWERS CLOSE, BEDLINGTON, NE22 5ER - £260,000

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.

24 TOWERS CLOSE is a small detached house of 103m², built sometime between 1991 and 1995, which could now be worth an estimated £282,550. It was last sold for £260,000 in February 2023, which was around 21% below the average February 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

24 TOWERS CLOSE Sold Prices

Land registry data shows three sales for 24 TOWERS 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. All of the three 24 TOWERS CLOSE 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 27 FEB	£260,000	£331,075	21% below HPI
2011 14 OCT	£212,252	£241,949	12% below HPI
2004 19 JUL	£195,000	£212,366	8% below HPI

24 TOWERS 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 24 TOWERS CLOSE sales between July 2004 and February 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 October 2011 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2023 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 24 TOWERS CLOSE be worth now?

24 TOWERS CLOSE might now be worth an estimated £282,550.

This is based on house price inflation of 8.7%, between February 2023 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 8.7% inflationary increase is applied to the most recent sale price for 24 TOWERS CLOSE of £260,000 on 27th February 2023. For the value to have increased from £260,000 to £282,550 over the two years to February 2025, the following assumptions must hold true:

• The value of 24 TOWERS CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2023 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 24 TOWERS CLOSE has not materially changed since February 2023.

How Large is 24 TOWERS CLOSE?

24 TOWERS CLOSE is 103m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% 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 24 TOWERS CLOSE lies on this distribution: 37% of detached houses houses are smaller than 24 TOWERS CLOSE, and 61% of houses are larger. Note that EPC data is not available for all properties in Bedlington.

24 TOWERS CLOSE: Plot and Title Map

24 TOWERS CLOSE sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of 24 TOWERS 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 24 TOWERS 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 24 TOWERS CLOSE?

24 TOWERS CLOSE is located in BEDLINGTON, in the NE22 postcode district. The below map shows the position of No. 24 on TOWERS CLOSE.