River Oaks Penny Lane

    RIVER OAKS, PENNY LANE, BEDLINGTON, NE22 6HD

    This detached freehold property on Penny Lane last sold in May 2019 for £585,000. Based on price growth in the NE22 district since then, its estimated current value is £727,746 — placing it in the 91st percentile nationally and the 100th percentile within NE22. The property covers 311 m² (3,348 sq ft), giving an estimated value of £2,340 per m². The EPC rating is D, with a potential rating of D.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    3,348 sq ft

    311 m²

    Last Sale Price

    £585,000

    May 2019

    Estimated Valuation

    £727,746

    Est. £/sq ft

    £217/sq ft

    £2,340/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 2007-2011
    Habitable rooms8
    Main fuelLPG (not community)
    EPC currentD
    EPC potentialD
    Floor area3,348 sq ft (311 m²)
    EPC dateApr 2018
    WallsCavity wall, as built, insulated (assumed)
    HeatingBoiler and radiators, LPG, Electric underfloor heating

    Transaction History

    23 May 2019

    £585,000

    29 Jun 2005

    New build

    £100,000

    Key Metrics

    Estimated valuation£727,746
    Value per sq ft / m²£217/sq ft (£2,340/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE22 district percentile100th percentile
    National percentile91st percentile

    District Context — NE22

    NE22 covers Hexham and surrounding areas in Northumberland, situated in the north-east of England. It is a predominantly rural district with strong community heritage and access to both countryside and market town amenities.

    Average Property Price - NE22

    £185,781

    9

    National percentile

    Average Net Household Income - NE22

    £31,455

    12

    National percentile

    10-Year Annualised Price Growth - NE22

    2.0%

    9

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE22

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