2, CORDWAINERS, MORPETH, NE61 2ZN - £298,000

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 CORDWAINERS is a small detached house of 112m². It was last sold for £298,000 in June 2021, which was around 2% above the average June 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2017, where the current energy rating was B, and the potential energy rating was A.

2 CORDWAINERS Sold Prices

Land registry data shows two sales for 2 CORDWAINERS 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 CORDWAINERS sales were 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
2021 30 JUN	£298,000	£291,776	2% above HPI
2017 11 MAY	£299,995	£249,321	20% above HPI

2 CORDWAINERS 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 CORDWAINERS sales from May 2017 and June 2021 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 2017 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the June 2021 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 2 CORDWAINERS?

2 CORDWAINERS is 112m² according to the EPC inspection conducted in January 2017. This puts it in the smallest 40% 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 CORDWAINERS lies on this distribution: 31% of detached houses are smaller than 2 CORDWAINERS, and 67% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 CORDWAINERS: Plot and Title Map

2 CORDWAINERS sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 2 CORDWAINERS, 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 CORDWAINERS). 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 CORDWAINERS?

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