56, WELLESLEY DRIVE, BLYTH, NE24 3WD - £238,000

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.

56 WELLESLEY DRIVE is a large detached house of 114m², which could now be worth an estimated £309,300. It was last sold for £238,000 in August 2020, which was around 14% below the average August 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

56 WELLESLEY DRIVE Sold Prices

Land registry data shows two sales for 56 WELLESLEY DRIVE 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 56 WELLESLEY 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
2020 25 AUG	£238,000	£276,850	14% below HPI
2014 27 JUN	£229,950	£239,207	4% below HPI

56 WELLESLEY 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 two 56 WELLESLEY DRIVE sales from June 2014 and August 2020 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 June 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2020 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 56 WELLESLEY DRIVE be worth now?

56 WELLESLEY DRIVE might now be worth an estimated £309,300.

This is based on house price inflation of 30%, between August 2020 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 30% inflationary increase is applied to the most recent sale price for 56 WELLESLEY DRIVE of £238,000 on 25th August 2020. For the value to have increased from £238,000 to £309,300 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 56 WELLESLEY DRIVE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2020 sale price of £238,000 represented a fair market value for the property.
• The size, condition, and specification of 56 WELLESLEY DRIVE has not materially changed since August 2020.

How Large is 56 WELLESLEY DRIVE?

56 WELLESLEY DRIVE is 114m² according to the EPC inspection conducted in August 2019. This puts it in the largest 40% 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 56 WELLESLEY DRIVE lies on this distribution: 61% of detached houses houses are smaller than 56 WELLESLEY DRIVE, and 35% of houses are larger. Note that EPC data is not available for all properties in Blyth.

56 WELLESLEY DRIVE: Plot and Title Map

56 WELLESLEY DRIVE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 56 WELLESLEY 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 56 WELLESLEY 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 56 WELLESLEY DRIVE?

56 WELLESLEY DRIVE is located in BLYTH, in the NE24 postcode district. The below map shows the position of No. 56 on WELLESLEY DRIVE.