1, THE CLOSE, WARKWORTH, MORPETH, NE65 0WS - £289,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 THE CLOSE is a large extended detached house of 165m², built sometime between 2003 and 2006. It was last sold for £289,000 in November 2020, which was around 3% above the average November 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

1 THE CLOSE Sold Prices

Land registry data shows two sales for 1 THE CLOSE 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 1 THE CLOSE sales was for above the average price, whilst the other was for below 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 6 NOV	£289,000	£281,565	3% above HPI
2013 5 APR	£124,000	£226,796	45% below HPI

1 THE CLOSE 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 1 THE CLOSE sales from April 2013 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 April 2013 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the November 2020 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 1 THE CLOSE?

1 THE CLOSE is 165m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 40% of detached houses in Warkworth, based on EPC data. The below chart shows the distribution of detached houses by size in Warkworth, and where 1 THE CLOSE lies on this distribution: 68% of detached houses are smaller than 1 THE CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Warkworth.

1 THE CLOSE: Plot and Title Map

1 THE CLOSE sits on a plot of roughly 0.177 of an acre, or 717m². The below map shows the location of 1 THE CLOSE, 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 THE CLOSE). 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 THE CLOSE?

1 THE CLOSE is located in WARKWORTH, in the NE65 postcode district. The below map shows the position of No. 1 on THE CLOSE.