5, NEWARK CLOSE, BEDLINGTON, NE22 6PD - £160,000

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

5 NEWARK CLOSE is a small extended detached house of 92m², built sometime between 1996 and 2002. It was last sold for £160,000 in January 2013, which was around 29% below the average January 2013 detached price in the Northumberland local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was B.

5 NEWARK CLOSE Sold Prices

Land registry data shows two sales for 5 NEWARK CLOSE 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 5 NEWARK 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
2013 18 JAN	£160,000	£223,852	29% below HPI
2002 23 OCT	£114,950	£138,451	17% below HPI

5 NEWARK 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 two 5 NEWARK CLOSE sales from October 2002 and January 2013 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 2002 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the January 2013 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 5 NEWARK CLOSE?

5 NEWARK CLOSE is 92m², which includes one extension, according to the EPC inspection conducted in October 2016. This puts it in the smallest 30% of detached houses in Bedlington, based on EPC data. The below chart shows the distribution of detached houses by size in Bedlington, and where 5 NEWARK CLOSE lies on this distribution: 24% of detached houses are smaller than 5 NEWARK CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Bedlington.

5 NEWARK CLOSE: Plot and Title Map

5 NEWARK CLOSE sits on a plot of roughly 0.056 of an acre, or 227m². The below map shows the location of 5 NEWARK 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 5 NEWARK 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 5 NEWARK CLOSE?

5 NEWARK CLOSE is located in BEDLINGTON, in the NE22 postcode district. The below map shows the position of No. 5 on NEWARK CLOSE.