2, CHEVINGTON CLOSE, PEGSWOOD, MORPETH, NE61 6YN - £100,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 CHEVINGTON CLOSE is a very small extended semi-detached house of 70m², built sometime between 1976 and 1982. It was last sold for £100,000 in March 2012, which was around 56% below the average March 2012 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2011, where the current energy rating was C, and the potential energy rating was C.

2 CHEVINGTON CLOSE Sold Prices

Land registry data shows two sales for 2 CHEVINGTON CLOSE 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 2 CHEVINGTON CLOSE 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 6 MAR	£100,000	£225,754	56% below HPI
2004 29 NOV	£123,000	£221,740	45% below HPI

2 CHEVINGTON CLOSE 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 2 CHEVINGTON CLOSE sales from November 2004 and March 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 November 2004 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the March 2012 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

How Large is 2 CHEVINGTON CLOSE?

2 CHEVINGTON CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in January 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 2 CHEVINGTON CLOSE lies on this distribution: 6% of detached houses are smaller than 2 CHEVINGTON CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

2 CHEVINGTON CLOSE: Plot and Title Map

2 CHEVINGTON CLOSE sits on a plot of roughly 0.034 of an acre, or 138m². The below map shows the location of 2 CHEVINGTON CLOSE, 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 CHEVINGTON CLOSE). 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 CHEVINGTON CLOSE?

2 CHEVINGTON CLOSE is located in PEGSWOOD, in the NE61 postcode district. The below map shows the position of No. 2 on CHEVINGTON CLOSE.