2, CHEVIOT GROVE, PEGSWOOD, MORPETH, NE61 6YJ - £300,000

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 CHEVIOT GROVE is a large extended detached house of 110m², built sometime between 1976 and 1982. It was last sold for £300,000 in March 2023, which was around 5% below the average March 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 CHEVIOT GROVE Sold Prices

Land registry data shows two sales for 2 CHEVIOT GROVE 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 CHEVIOT GROVE 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
2023 31 MAR	£300,000	£315,492	5% below HPI
2006 1 SEP	£210,000	£247,084	15% below HPI

2 CHEVIOT GROVE 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 CHEVIOT GROVE sales from September 2006 and March 2023 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2023 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 2 CHEVIOT GROVE?

2 CHEVIOT GROVE is 110m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the largest 30% 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 CHEVIOT GROVE lies on this distribution: 69% of detached houses are smaller than 2 CHEVIOT GROVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

2 CHEVIOT GROVE: Plot and Title Map

2 CHEVIOT GROVE sits on a plot of roughly 0.310 of an acre, or 1,254m². The below map shows the location of 2 CHEVIOT GROVE, 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 CHEVIOT GROVE). 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 CHEVIOT GROVE?

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