1, THE STEADS, MORPETH, NE61 2EG - £132,000

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 STEADS is a very small detached house of 55m², built sometime between 1996 and 2002. It was last sold for £132,000 in November 2020, which was around 53% below the average November 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2020, where the current energy rating was C, and the potential energy rating was B.

1 THE STEADS Sold Prices

Land registry data shows two sales for 1 THE STEADS 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. Both of the two 1 THE STEADS sales were 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 20 NOV	£132,000	£281,565	53% below HPI
2001 11 SEP	£72,000	£114,504	37% below HPI

1 THE STEADS 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 STEADS sales from September 2001 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 September 2001 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2020 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 1 THE STEADS?

1 THE STEADS is 55m² according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 1 THE STEADS lies on this distribution: Less than 1% of detached houses are smaller than 1 THE STEADS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

1 THE STEADS: Plot and Title Map

1 THE STEADS sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 1 THE STEADS, 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 STEADS). 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 STEADS?

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