18, BUTTERWELL DRIVE, PEGSWOOD, MORPETH, NE61 6YH - £161,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

18 BUTTERWELL DRIVE is a very small detached house of 69m², built sometime between 1950 and 1966. It was last sold for £161,000 in January 2012, which was around 27% below the average January 2012 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2011, where the current energy rating was F, and the potential energy rating was C.

18 BUTTERWELL DRIVE Sold Prices

Land registry data shows two sales for 18 BUTTERWELL DRIVE 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 18 BUTTERWELL DRIVE 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
2012 24 JAN	£161,000	£221,635	27% below HPI
1999 29 OCT	£58,500	£97,743	40% below HPI

18 BUTTERWELL 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 two 18 BUTTERWELL DRIVE sales from October 1999 and January 2012 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 October 1999 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the January 2012 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 18 BUTTERWELL DRIVE?

18 BUTTERWELL DRIVE is 69m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 10% of detached houses in Pegswood, based on EPC data. The below chart shows the distribution of detached houses by size in Pegswood, and where 18 BUTTERWELL DRIVE lies on this distribution: 5% of detached houses are smaller than 18 BUTTERWELL DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

18 BUTTERWELL DRIVE: Plot and Title Map

18 BUTTERWELL DRIVE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 18 BUTTERWELL 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 18 BUTTERWELL 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 18 BUTTERWELL DRIVE?

18 BUTTERWELL DRIVE is located in PEGSWOOD, in the NE61 postcode district. The below map shows the position of No. 18 on BUTTERWELL DRIVE.