12, NURSERY MEWS, MORPETH, NE61 2AR - £175,000

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

12 NURSERY MEWS is a small extended detached house of 107m², built sometime between 1996 and 2002. It was last sold for £175,000 in June 2018, which was around 32% below the average June 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

12 NURSERY MEWS Sold Prices

Land registry data shows three sales for 12 NURSERY MEWS 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. Two of the three 12 NURSERY MEWS sales were for below the average price, whilst one was 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
2018 8 JUN	£175,000	£258,754	32% below HPI
2008 22 MAY	£215,000	£263,342	18% below HPI
2005 25 MAY	£229,500	£225,601	2% above HPI

12 NURSERY MEWS 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 12 NURSERY MEWS sales between May 2005 and June 2018 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 May 2008 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 12 NURSERY MEWS?

12 NURSERY MEWS is 107m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 30% 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 NURSERY MEWS lies on this distribution: 27% of detached houses are smaller than 12 NURSERY MEWS, and 73% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

12 NURSERY MEWS: Plot and Title Map

12 NURSERY MEWS sits on a plot of roughly 0.028 of an acre, or 115m². The below map shows the location of 12 NURSERY MEWS, 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 NURSERY MEWS). 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 NURSERY MEWS?

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