2, BOUNDARY DRIVE, MORPETH, NE61 2RX - £210,000

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

2 BOUNDARY DRIVE is a very small detached house of 86m², built sometime between 1991 and 1995. It was last sold for £210,000 in February 2016, which was around 13% below the average February 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2009, where the current energy rating was D, and the potential energy rating was C.

2 BOUNDARY DRIVE Sold Prices

Land registry data shows five sales for 2 BOUNDARY DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Most of the five 2 BOUNDARY 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
2016 5 FEB	£210,000	£241,164	13% below HPI
2006 8 SEP	£218,000	£247,084	12% below HPI
2004 9 JAN	£205,000	£186,667	10% above HPI
2002 1 NOV	£140,000	£142,410	2% below HPI
1995 31 MAY	£83,950	£81,290	3% above HPI

2 BOUNDARY 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 five 2 BOUNDARY DRIVE sales between May 1995 and February 2016 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 September 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the February 2016 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 2 BOUNDARY DRIVE?

2 BOUNDARY DRIVE is 86m² according to the EPC inspection conducted in February 2009. This puts it in the smallest 20% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 2 BOUNDARY DRIVE lies on this distribution: 12% of detached houses are smaller than 2 BOUNDARY DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 BOUNDARY DRIVE: Plot and Title Map

2 BOUNDARY DRIVE sits on a plot of roughly 0.084 of an acre, or 342m². The below map shows the location of 2 BOUNDARY 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 2 BOUNDARY 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 2 BOUNDARY DRIVE?

2 BOUNDARY DRIVE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 2 on BOUNDARY DRIVE.