9, CHAINS DRIVE, CORBRIDGE, NE45 5BP - £350,000

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.

9 CHAINS DRIVE is a large detached house of 172m², built sometime between 2003 and 2006, which could now be worth an estimated £419,449. It was last sold for £350,000 in July 2021, which was around 17% above the average July 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

9 CHAINS DRIVE Sold Prices

Land registry data shows two sales for 9 CHAINS 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 9 CHAINS DRIVE sales were for above 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
2021 26 JUL	£350,000	£300,218	17% above HPI
2007 27 JUN	£325,000	£260,857	25% above HPI

9 CHAINS 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 9 CHAINS DRIVE sales from June 2007 and July 2021 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 2007 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the July 2021 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 9 CHAINS DRIVE be worth now?

9 CHAINS DRIVE might now be worth an estimated £419,449.

This is based on house price inflation of 19.8%, between July 2021 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 19.8% inflationary increase is applied to the most recent sale price for 9 CHAINS DRIVE of £350,000 on 26th July 2021. For the value to have increased from £350,000 to £419,449 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 9 CHAINS DRIVE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2021 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 9 CHAINS DRIVE has not materially changed since July 2021.

How Large is 9 CHAINS DRIVE?

9 CHAINS DRIVE is 172m² according to the EPC inspection conducted in July 2011. This puts it in the largest 30% of detached houses houses in Corbridge, based on EPC data. The below chart shows the distribution of detached houses houses by size in Corbridge, and where 9 CHAINS DRIVE lies on this distribution: 72% of detached houses houses are smaller than 9 CHAINS DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Corbridge.

9 CHAINS DRIVE: Plot and Title Map

9 CHAINS DRIVE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 9 CHAINS 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 9 CHAINS 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 9 CHAINS DRIVE?

9 CHAINS DRIVE is located in CORBRIDGE, in the NE45 postcode district. The below map shows the position of No. 9 on CHAINS DRIVE.