15, NORHAM DRIVE, MORPETH, NE61 2XA - £242,000

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 NORHAM DRIVE is a very small detached house of 91m², built sometime between 1996 and 2002, which could now be worth an estimated £340,496. It was last sold for £242,000 in August 2015, which was around 5% below the average August 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was B.

15 NORHAM DRIVE Sold Prices

Land registry data shows four sales for 15 NORHAM DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. two of the four 15 NORHAM DRIVE sales were for below the average price, and four were 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
2015 6 AUG	£242,000	£255,712	5% below HPI
2005 19 DEC	£242,000	£239,863	1% above HPI
2005 1 MAR	£239,950	£227,613	5% above HPI
2000 28 JAN	£99,950	£101,505	2% below HPI

15 NORHAM DRIVE 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 four 15 NORHAM DRIVE sales between January 2000 and August 2015 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 December 2005 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2015 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 15 NORHAM DRIVE be worth now?

15 NORHAM DRIVE might now be worth an estimated £340,496.

This is based on house price inflation of 40.7%, between August 2015 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 40.7% inflationary increase is applied to the most recent sale price for 15 NORHAM DRIVE of £242,000 on 6th August 2015. For the value to have increased from £242,000 to £340,496 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 15 NORHAM DRIVE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2015 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 15 NORHAM DRIVE has not materially changed since August 2015.

How Large is 15 NORHAM DRIVE?

15 NORHAM DRIVE is 91m² according to the EPC inspection conducted in March 2015. 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 NORHAM DRIVE lies on this distribution: 16% of detached houses houses are smaller than 15 NORHAM DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

15 NORHAM DRIVE: Plot and Title Map

15 NORHAM DRIVE sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 15 NORHAM DRIVE, 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 NORHAM DRIVE). 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 NORHAM DRIVE?

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