12, FERNWAY, MORPETH, NE61 1XJ - £322,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 FERNWAY is a very small extended detached house of 92m², built sometime between 1983 and 1990. It was last sold for £322,000 in January 2024, which was around 2% below the average January 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

12 FERNWAY Sold Prices

Land registry data shows two sales for 12 FERNWAY 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 12 FERNWAY 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
2024 30 JAN	£322,000	£328,895	2% below HPI
2022 18 JAN	£258,000	£293,648	12% below HPI

12 FERNWAY 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 12 FERNWAY sales from January 2022 and January 2024 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 January 2022 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the January 2024 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 12 FERNWAY?

12 FERNWAY is 92m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 12 FERNWAY lies on this distribution: 17% of detached houses are smaller than 12 FERNWAY, and 83% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

12 FERNWAY: Plot and Title Map

12 FERNWAY sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 12 FERNWAY, 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 12 FERNWAY). 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 12 FERNWAY?

12 FERNWAY is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 12 on FERNWAY.