OAK TREES, CRAGSIDE VIEW, ROTHBURY, MORPETH, NE65 7YU - £425,000

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

OAK TREES is a very large extended detached house of 249m², built sometime between 2003 and 2006. It was last sold for £425,000 in November 2020, which was around 51% above the average November 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

OAK TREES Sold Prices

Land registry data shows two sales for OAK 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 OAK TREES 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
2020 17 NOV	£425,000	£281,565	51% above HPI
2007 8 OCT	£400,000	£260,342	54% above HPI

OAK 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 OAK TREES sales from October 2007 and November 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 October 2007 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the November 2020 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is OAK TREES?

OAK TREES is 249m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 10% of detached houses in Rothbury, based on EPC data. The below chart shows the distribution of detached houses by size in Rothbury, and where OAK TREES lies on this distribution: 97% of detached houses are smaller than OAK TREES, and 3% of houses are larger. Note that EPC data is not available for all properties in Rothbury.

OAK TREES: Plot and Title Map

OAK TREES sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of OAK 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 OAK 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 OAK TREES?

OAK TREES is located on CRAGSIDE VIEW in ROTHBURY, in the NE65 postcode district. The below map shows the position of OAK TREES on CRAGSIDE VIEW.