4, OCTAVIA CLOSE, BEDLINGTON, NE22 6LG - £155,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 OCTAVIA CLOSE is a very small extended detached house of 63m², built sometime between 1967 and 1975. It was last sold for £155,000 in July 2008, which was around 40% below the average July 2008 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

4 OCTAVIA CLOSE Sold Prices

Land registry data shows three sales for 4 OCTAVIA 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 4 OCTAVIA 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
2008 28 JUL	£155,000	£256,815	40% below HPI
2001 19 APR	£64,950	£104,000	38% below HPI
1996 1 JUL	£46,000	£83,384	45% below HPI

4 OCTAVIA 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 4 OCTAVIA CLOSE sales between July 1996 and July 2008 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 2001 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the July 2008 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 4 OCTAVIA CLOSE?

4 OCTAVIA CLOSE is 63m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses in Bedlington, based on EPC data. The below chart shows the distribution of detached houses by size in Bedlington, and where 4 OCTAVIA CLOSE lies on this distribution: 4% of detached houses are smaller than 4 OCTAVIA CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Bedlington.

4 OCTAVIA CLOSE: Plot and Title Map

4 OCTAVIA CLOSE sits on a plot of roughly 0.068 of an acre, or 273m². The below map shows the location of 4 OCTAVIA 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 4 OCTAVIA 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 4 OCTAVIA CLOSE?

4 OCTAVIA CLOSE is located in BEDLINGTON, in the NE22 postcode district. The below map shows the position of No. 4 on OCTAVIA CLOSE.