2, MORPETH CLOSE, ORTON LONGUEVILLE, PETERBOROUGH, PE2 7AP - £235,000

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 MORPETH CLOSE is a small detached house of 93m², built sometime between 1950 and 1966, which could now be worth an estimated £288,490. It was last sold for £235,000 in August 2018, which was around 23% below the average August 2018 detached price in the City of Peterborough local authority area. The most recent EPC inspection was June 2018, where the current energy rating was D, and the potential energy rating was C.

2 MORPETH CLOSE Sold Prices

Land registry data shows two sales for 2 MORPETH CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the City of Peterborough local authority area for the corresponding sale date. Both of the two 2 MORPETH CLOSE 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
2018 17 AUG	£235,000	£303,559	23% below HPI
2001 3 JUL	£100,000	£114,893	13% below HPI

2 MORPETH CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Peterborough local authority area over time, sourced from the HPI. The two 2 MORPETH CLOSE sales from July 2001 and August 2018 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 July 2001 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2018 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 2 MORPETH CLOSE be worth now?

2 MORPETH CLOSE might now be worth an estimated £288,490.

This is based on house price inflation of 22.8%, between August 2018 and February 2025, for detached houses, in the City of Peterborough local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.8% inflationary increase is applied to the most recent sale price for 2 MORPETH CLOSE of £235,000 on 17th August 2018. For the value to have increased from £235,000 to £288,490 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 2 MORPETH CLOSE has moved in line with the HPI for detached houses in the City of Peterborough local authority area.
• The August 2018 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 MORPETH CLOSE has not materially changed since August 2018.

How Large is 2 MORPETH CLOSE?

2 MORPETH CLOSE is 93m² according to the EPC inspection conducted in June 2018. This puts it in the smallest 30% of detached houses houses in Peterborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Peterborough, and where 2 MORPETH CLOSE lies on this distribution: 28% of detached houses houses are smaller than 2 MORPETH CLOSE, and 70% of houses are larger. Note that EPC data is not available for all properties in Peterborough.

2 MORPETH CLOSE: Plot and Title Map

2 MORPETH CLOSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 2 MORPETH 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 MORPETH 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 MORPETH CLOSE?

2 MORPETH CLOSE is located in ORTON LONGUEVILLE, in the PE2 postcode district. The below map shows the position of No. 2 on MORPETH CLOSE.