When Spencers Went Into Liquidation

A Memory of Clara Vale.

This was 1927 and such a blow to the community as a lot of the houses where people lived belonged to the firm and these were to be sold off. Over 240 freehold houses and shops in Newburn were offered for sale at the County Hotel in Newcastle on 6th September 1927, there was a large attendance and the sum of £33,785 was realised as the result of the sale. Some details taken at random from the catalogue in the writers possession will be of interest particular to people still living in some of the houses, and can be compared with the present day prices. So here we go!
LOT 1. Number 1a Berkley Terrace, semi detached house with five rooms, a bathroom and large garden sold at £290.00.
LOT 10. Numbers 11 to 17 Block of 7 stone built cottages on Newburn High Street sold at £275.00
LOT 15. Numbers 6 to 17 Victoria Terrace, twelve houses containing three rooms and a Pantry. Sold at £1000.00.
Lot 18. Numbers 27 to 47 Westmacott Street eleven self contained houses.
Sold at £1000.00
LOT 39. Numbers 31 and 33 Davidson Street. House, shop and Bakehouse.
Sold. at £400.00.
The average price for workers house sold was £95.00

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