2, MAGPIE COURT, ASHINGTON, NE63 8LN - £220,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 MAGPIE COURT is a very small detached house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £260,807. It was last sold for £220,000 in February 2022, which was around 28% below the average February 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

2 MAGPIE COURT Sold Prices

Land registry data shows two sales for 2 MAGPIE COURT 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 MAGPIE COURT 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
2022 18 FEB	£220,000	£303,495	28% below HPI
2008 20 JUN	£189,000	£271,026	30% below HPI

2 MAGPIE COURT 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 MAGPIE COURT sales from June 2008 and February 2022 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 June 2008 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2022 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 MAGPIE COURT be worth now?

2 MAGPIE COURT might now be worth an estimated £260,807.

This is based on house price inflation of 18.5%, between February 2022 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.5% inflationary increase is applied to the most recent sale price for 2 MAGPIE COURT of £220,000 on 18th February 2022. For the value to have increased from £220,000 to £260,807 over the three years to February 2025, the following assumptions must hold true:

• The value of 2 MAGPIE COURT has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MAGPIE COURT has not materially changed since February 2022.

How Large is 2 MAGPIE COURT?

2 MAGPIE COURT is 71m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% of detached houses houses in Ashington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ashington, and where 2 MAGPIE COURT lies on this distribution: 4% of detached houses houses are smaller than 2 MAGPIE COURT, and 96% of houses are larger. Note that EPC data is not available for all properties in Ashington.

2 MAGPIE COURT: Plot and Title Map

2 MAGPIE COURT sits on a plot of roughly 211.4 acres, or 855,477m². The below map shows the location of 2 MAGPIE COURT, 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 MAGPIE COURT). 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 MAGPIE COURT?

2 MAGPIE COURT is located in ASHINGTON, in the NE63 postcode district. The below map shows the position of No. 2 on MAGPIE COURT.