15, WELLWAY COURT, MORPETH, NE61 1BW - £255,000

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 WELLWAY COURT is a very small detached house of 96m², built sometime between 1996 and 2002, which could now be worth an estimated £344,483. It was last sold for £255,000 in September 2017, which was around 4% below the average September 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

15 WELLWAY COURT Sold Prices

Land registry data shows two sales for 15 WELLWAY COURT 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. One of the two 15 WELLWAY COURT sales was for below the average price, whilst the other 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
2017 29 SEP	£255,000	£266,330	4% below HPI
1998 15 MAY	£130,000	£91,768	42% above HPI

15 WELLWAY COURT 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 WELLWAY COURT sales from May 1998 and September 2017 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 1998 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the September 2017 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 15 WELLWAY COURT be worth now?

15 WELLWAY COURT might now be worth an estimated £344,483.

This is based on house price inflation of 35.1%, between September 2017 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 35.1% inflationary increase is applied to the most recent sale price for 15 WELLWAY COURT of £255,000 on 29th September 2017. For the value to have increased from £255,000 to £344,483 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of 15 WELLWAY COURT has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The September 2017 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WELLWAY COURT has not materially changed since September 2017.

How Large is 15 WELLWAY COURT?

15 WELLWAY COURT is 96m² according to the EPC inspection conducted in February 2016. 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 WELLWAY COURT lies on this distribution: 18% of detached houses houses are smaller than 15 WELLWAY COURT, and 81% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

15 WELLWAY COURT: Plot and Title Map

15 WELLWAY COURT sits on a plot of roughly 0.557 of an acre, or 2,255m². The below map shows the location of 15 WELLWAY COURT, 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 WELLWAY COURT). 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 WELLWAY COURT?

15 WELLWAY COURT is located in MORPETH, in the NE61 postcode district. The below map shows the position of 15 WELLWAY COURT in MORPETH.