2, MORGAN CLOSE, STEVENAGE, SG1 4TG - £550,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 MORGAN CLOSE is a large detached house of 136m², built sometime between 1983 and 1990. It was last sold for £550,000 in September 2010, which was around 60% above the average September 2010 detached price in the Stevenage local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

2 MORGAN CLOSE Sold Prices

Land registry data shows three sales for 2 MORGAN 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 Stevenage local authority area for the corresponding sale date. All of the three 2 MORGAN CLOSE 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
2010 10 SEP	£550,000	£343,916	60% above HPI
2001 29 MAR	£265,500	£190,375	39% above HPI
1997 31 JUL	£184,000	£114,820	60% above HPI

2 MORGAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stevenage local authority area over time, sourced from the HPI. The three 2 MORGAN CLOSE sales between July 1997 and September 2010 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 March 2001 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the September 2010 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might 2 MORGAN CLOSE be worth now?

2 MORGAN CLOSE might now be worth an estimated £990,802.

This is based on house price inflation of 80.1%, between September 2010 and December 2024, for detached houses, in the Stevenage local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 80.1% inflationary increase is applied to the most recent sale price for 2 MORGAN CLOSE of £550,000 on 10th September 2010. For the value to have increased from £550,000 to £990,802 over the thirteen years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 MORGAN CLOSE has moved in line with the HPI for detached houses in the Stevenage local authority area.
• The September 2010 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MORGAN CLOSE has not materially changed since September 2010.

How Large is 2 MORGAN CLOSE?

2 MORGAN CLOSE is 136m² according to the EPC inspection conducted in June 2010. This puts it in the largest 40% of detached houses houses in Stevenage, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stevenage, and where 2 MORGAN CLOSE lies on this distribution: 70% of detached houses houses are smaller than 2 MORGAN CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

2 MORGAN CLOSE: Plot and Title Map

2 MORGAN CLOSE sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of 2 MORGAN 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 MORGAN 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 MORGAN CLOSE?

2 MORGAN CLOSE is located in STEVENAGE, in the SG1 postcode district. The below map shows the position of No. 2 on MORGAN CLOSE.