2, MERLEY GATE, MORPETH, NE61 2EP - £267,500

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 MERLEY GATE is a small extended detached house of 106m², built sometime between 1983 and 1990. It was last sold for £267,500 in June 2019, which was around 6% above the average June 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

2 MERLEY GATE Sold Prices

Land registry data shows three sales for 2 MERLEY GATE 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. All of the three 2 MERLEY GATE 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
2019 21 JUN	£267,500	£252,466	6% above HPI
2015 2 OCT	£261,000	£250,162	4% above HPI
1998 8 JUL	£107,000	£91,039	18% above HPI

2 MERLEY GATE 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 MERLEY GATE sales between July 1998 and June 2019 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 October 2015 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the June 2019 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 2 MERLEY GATE?

2 MERLEY GATE is 106m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the smallest 30% 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 MERLEY GATE lies on this distribution: 26% of detached houses are smaller than 2 MERLEY GATE, and 74% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 MERLEY GATE: Plot and Title Map

2 MERLEY GATE sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 2 MERLEY GATE, 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 MERLEY GATE). 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 MERLEY GATE?

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