2, PALMERSTON AVENUE, ST. GEORGES WOOD, MORPETH, NE61 2GF - £375,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 PALMERSTON AVENUE is a midsized detached house of 120m². It was last sold for £375,000 in September 2021, which was around 29% above the average September 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2016, where the current energy rating was B, and the potential energy rating was A.

2 PALMERSTON AVENUE Sold Prices

Land registry data shows two sales for 2 PALMERSTON AVENUE 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 PALMERSTON AVENUE 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
2021 30 SEP	£375,000	£290,345	29% above HPI
2016 24 JUN	£348,995	£240,792	45% above HPI

2 PALMERSTON AVENUE 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 PALMERSTON AVENUE sales from June 2016 and September 2021 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 2016 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the September 2021 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

How Large is 2 PALMERSTON AVENUE?

2 PALMERSTON AVENUE is 120m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 50% 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 PALMERSTON AVENUE lies on this distribution: 41% of detached houses are smaller than 2 PALMERSTON AVENUE, and 58% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 PALMERSTON AVENUE: Plot and Title Map

2 PALMERSTON AVENUE sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 2 PALMERSTON AVENUE, 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 PALMERSTON AVENUE). 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 PALMERSTON AVENUE?

2 PALMERSTON AVENUE is located in ST. GEORGES WOOD, in the NE61 postcode district. The below map shows the position of No. 2 on PALMERSTON AVENUE.