1, ASPEN WAY, MORPETH, NE61 3BF - £534,995

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

1 ASPEN WAY is a very large detached house of 206m², which could now be worth an estimated £656,254. It was last sold for £534,995 in December 2021, which was around 82% above the average December 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was B, and the potential energy rating was B.

1 ASPEN WAY Sold Prices

Land registry data shows three sales for 1 ASPEN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three 1 ASPEN WAY 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
2021 17 DEC	£534,995	£293,309	82% above HPI
2021 5 NOV	£455,000	£302,156	51% above HPI
2016 3 OCT	£455,000	£257,620	77% above HPI

1 ASPEN WAY 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 three 1 ASPEN WAY sales between October 2016 and December 2021 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 November 2021 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the December 2021 sale, where it rises to 82% above the HPI. The line then continues to track at 82% above the HPI.

What might 1 ASPEN WAY be worth now?

1 ASPEN WAY might now be worth an estimated £656,254.

This is based on house price inflation of 22.7%, between December 2021 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 22.7% inflationary increase is applied to the most recent sale price for 1 ASPEN WAY of £534,995 on 17th December 2021. For the value to have increased from £534,995 to £656,254 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 1 ASPEN WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The December 2021 sale price of £534,995 represented a fair market value for the property.
• The size, condition, and specification of 1 ASPEN WAY has not materially changed since December 2021.

How Large is 1 ASPEN WAY?

1 ASPEN WAY is 206m² according to the EPC inspection conducted in January 2016. This puts it in the largest 10% of detached houses houses in Fair Moor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fair Moor, and where 1 ASPEN WAY lies on this distribution: 92% of detached houses houses are smaller than 1 ASPEN WAY, and 5% of houses are larger. Note that EPC data is not available for all properties in Fair Moor.

1 ASPEN WAY: Plot and Title Map

1 ASPEN WAY sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of 1 ASPEN WAY, 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 1 ASPEN WAY). 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 1 ASPEN WAY?

1 ASPEN WAY is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 1 on ASPEN WAY.