15, PALMERSTON AVENUE, ST. GEORGES WOOD, MORPETH, NE61 2GF - £389,950

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 PALMERSTON AVENUE is a small detached house of 111m², which could now be worth an estimated £441,644. It was last sold for £389,950 in July 2022, which was around 23% above the average July 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2017, where the current energy rating was B, and the potential energy rating was A.

15 PALMERSTON AVENUE Sold Prices

Land registry data shows two sales for 15 PALMERSTON AVENUE 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 PALMERSTON AVENUE sales 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
2022 27 JUL	£389,950	£317,676	23% above HPI
2017 1 JUN	£295,000	£258,171	14% above HPI

15 PALMERSTON AVENUE 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 PALMERSTON AVENUE sales from June 2017 and July 2022 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 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the July 2022 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might 15 PALMERSTON AVENUE be worth now?

15 PALMERSTON AVENUE might now be worth an estimated £441,644.

This is based on house price inflation of 13.3%, between July 2022 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 13.3% inflationary increase is applied to the most recent sale price for 15 PALMERSTON AVENUE of £389,950 on 27th July 2022. For the value to have increased from £389,950 to £441,644 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 15 PALMERSTON AVENUE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2022 sale price of £389,950 represented a fair market value for the property.
• The size, condition, and specification of 15 PALMERSTON AVENUE has not materially changed since July 2022.

How Large is 15 PALMERSTON AVENUE?

15 PALMERSTON AVENUE is 111m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 40% 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 PALMERSTON AVENUE lies on this distribution: 30% of detached houses houses are smaller than 15 PALMERSTON AVENUE, and 69% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

15 PALMERSTON AVENUE: Plot and Title Map

15 PALMERSTON AVENUE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 15 PALMERSTON AVENUE, 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 PALMERSTON AVENUE). 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 PALMERSTON AVENUE?

15 PALMERSTON AVENUE is located in ST. GEORGES WOOD, in the NE61 postcode district. The below map shows the position of No. 15 on PALMERSTON AVENUE.