15, CORDWAINERS, MORPETH, NE61 2ZN - £237,500

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.

15 CORDWAINERS is a very small detached house of 91m², which could now be worth an estimated £283,733. It was last sold for £237,500 in June 2021, which was around 21% below the average June 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was B, and the potential energy rating was A.

15 CORDWAINERS Sold Prices

Land registry data shows two sales for 15 CORDWAINERS 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 15 CORDWAINERS 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
2021 1 JUN	£237,500	£301,163	21% below HPI
2017 30 JUN	£235,000	£258,171	9% below HPI

15 CORDWAINERS 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 15 CORDWAINERS sales from June 2017 and June 2021 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 June 2017 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 15 CORDWAINERS be worth now?

15 CORDWAINERS might now be worth an estimated £283,733.

This is based on house price inflation of 19.5%, between June 2021 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 19.5% inflationary increase is applied to the most recent sale price for 15 CORDWAINERS of £237,500 on 1st June 2021. For the value to have increased from £237,500 to £283,733 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 15 CORDWAINERS has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The June 2021 sale price of £237,500 represented a fair market value for the property.
• The size, condition, and specification of 15 CORDWAINERS has not materially changed since June 2021.

How Large is 15 CORDWAINERS?

15 CORDWAINERS is 91m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% of detached houses houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morpeth, and where 15 CORDWAINERS lies on this distribution: 16% of detached houses houses are smaller than 15 CORDWAINERS, and 83% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

15 CORDWAINERS: Plot and Title Map

15 CORDWAINERS sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 15 CORDWAINERS, 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 15 CORDWAINERS). 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 15 CORDWAINERS?

15 CORDWAINERS is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 15 on CORDWAINERS.