THE CHIMES, RIDLEY AVENUE, BLYTH, NE24 3BB - £175,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE CHIMES is a large detached house of 122m², built sometime between 1967 and 1975, which could now be worth an estimated £256,923. It was last sold for £175,000 in April 2011, which was around 29% below the average April 2011 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2010, where the current energy rating was E, and the potential energy rating was C.

THE CHIMES Sold Prices

Land registry data shows two sales for THE CHIMES 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. One of the two THE CHIMES sales was for below the average price, whilst the other was 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
2011 21 APR	£175,000	£245,066	29% below HPI
2003 24 JAN	£174,000	£150,611	16% above HPI

THE CHIMES 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 THE CHIMES sales from January 2003 and April 2011 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 January 2003 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the April 2011 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might THE CHIMES be worth now?

THE CHIMES might now be worth an estimated £256,923.

This is based on house price inflation of 46.8%, between April 2011 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 46.8% inflationary increase is applied to the most recent sale price for THE CHIMES of £175,000 on 21st April 2011. For the value to have increased from £175,000 to £256,923 over the fourteen years and two months to February 2025, the following assumptions must hold true:

• The value of THE CHIMES has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The April 2011 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of THE CHIMES has not materially changed since April 2011.

How Large is THE CHIMES?

THE CHIMES is 122m² according to the EPC inspection conducted in January 2010. This puts it in the largest 30% 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 THE CHIMES lies on this distribution: 74% of detached houses houses are smaller than THE CHIMES, and 26% of houses are larger. Note that EPC data is not available for all properties in Blyth.

THE CHIMES: Plot and Title Map

THE CHIMES sits on a plot of roughly 0.088 of an acre, or 356m². The below map shows the location of THE CHIMES, 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 THE CHIMES). 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 THE CHIMES?

THE CHIMES is located on RIDLEY AVENUE in BLYTH, in the NE24 postcode district. The below map shows the position of THE CHIMES on RIDLEY AVENUE.