9, THE CHERRY TREES, OTTERBURN, NEWCASTLE UPON TYNE, NE19 1LN - £186,000

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

9 THE CHERRY TREES is a very small detached house of 76m², built sometime between 1996 and 2002. It was last sold for £186,000 in November 2018, which was around 28% below the average November 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2009, where the current energy rating was E, and the potential energy rating was E.

9 THE CHERRY TREES Sold Prices

Land registry data shows two sales for 9 THE CHERRY TREES 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 THE CHERRY TREES 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
2018 28 NOV	£186,000	£257,827	28% below HPI
2014 2 APR	£146,000	£230,749	37% below HPI

9 THE CHERRY TREES 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 THE CHERRY TREES sales from April 2014 and November 2018 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 2014 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2018 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 9 THE CHERRY TREES?

9 THE CHERRY TREES is 76m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% of detached houses in Otterburn, based on EPC data. The below chart shows the distribution of detached houses by size in Otterburn, and where 9 THE CHERRY TREES lies on this distribution: 10% of detached houses are smaller than 9 THE CHERRY TREES, and 90% of houses are larger. Note that EPC data is not available for all properties in Otterburn.

9 THE CHERRY TREES: Plot and Title Map

9 THE CHERRY TREES sits on a plot of roughly 0.100 of an acre, or 405m². The below map shows the location of 9 THE CHERRY TREES, 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 THE CHERRY TREES). 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 THE CHERRY TREES?

9 THE CHERRY TREES is located in OTTERBURN, in the NE19 postcode district. The below map shows the position of No. 9 on THE CHERRY TREES.