1, FERNY BANK, SWARLAND, MORPETH, NE65 9BB - £362,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 FERNY BANK is a small detached house of 124m², built sometime between 2003 and 2006, which could now be worth an estimated £448,153. It was last sold for £362,000 in November 2020, which was around 25% above the average November 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

1 FERNY BANK Sold Prices

Land registry data shows four sales for 1 FERNY BANK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four 1 FERNY BANK 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 16 NOV	£362,000	£290,623	25% above HPI
2007 29 JUL	£319,950	£267,300	20% above HPI
2006 22 AUG	£295,000	£249,958	18% above HPI
2002 28 JAN	£175,000	£122,264	43% above HPI

1 FERNY BANK 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 four 1 FERNY BANK sales between January 2002 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 July 2007 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the November 2020 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 1 FERNY BANK be worth now?

1 FERNY BANK might now be worth an estimated £448,153.

This is based on house price inflation of 23.8%, between November 2020 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 23.8% inflationary increase is applied to the most recent sale price for 1 FERNY BANK of £362,000 on 16th November 2020. For the value to have increased from £362,000 to £448,153 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of 1 FERNY BANK has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2020 sale price of £362,000 represented a fair market value for the property.
• The size, condition, and specification of 1 FERNY BANK has not materially changed since November 2020.

How Large is 1 FERNY BANK?

1 FERNY BANK is 124m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 30% of detached houses houses in Swarland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swarland, and where 1 FERNY BANK lies on this distribution: 20% of detached houses houses are smaller than 1 FERNY BANK, and 80% of houses are larger. Note that EPC data is not available for all properties in Swarland.

1 FERNY BANK: Plot and Title Map

1 FERNY BANK sits on a plot of roughly 0.185 of an acre, or 748m². The below map shows the location of 1 FERNY BANK, 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 FERNY BANK). 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 FERNY BANK?

1 FERNY BANK is located in SWARLAND, in the NE65 postcode district. The below map shows the position of No. 1 on FERNY BANK.