2, GREEN CLOSE, STANNINGTON, MORPETH, NE61 6PE - £215,000

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 GREEN CLOSE is a very small detached house of 86m², built sometime between 1983 and 1990. It was last sold for £215,000 in August 2016, which was around 15% below the average August 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

2 GREEN CLOSE Sold Prices

Land registry data shows three sales for 2 GREEN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. One of the three 2 GREEN CLOSE sales was for below the average price, whilst two 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
2016 23 AUG	£215,000	£253,697	15% below HPI
2000 12 MAY	£118,000	£102,643	15% above HPI
1997 4 AUG	£116,000	£88,954	30% above HPI

2 GREEN 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 three 2 GREEN CLOSE sales between August 1997 and August 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 May 2000 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2016 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 GREEN CLOSE?

2 GREEN CLOSE is 86m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses in Stannington, based on EPC data. The below chart shows the distribution of detached houses by size in Stannington, and where 2 GREEN CLOSE lies on this distribution: 3% of detached houses are smaller than 2 GREEN CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Stannington.

2 GREEN CLOSE: Plot and Title Map

2 GREEN CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 2 GREEN 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 GREEN 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 GREEN CLOSE?

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