2, QUEENSWAY, MORPETH, NE61 2BG - £305,000

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 QUEENSWAY is a midsized extended detached house of 136m², built sometime between 1967 and 1975. It was last sold for £305,000 in February 2014, which was around 33% above the average February 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

2 QUEENSWAY Sold Prices

Land registry data shows two sales for 2 QUEENSWAY 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 QUEENSWAY 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
2014 18 FEB	£305,000	£229,659	33% above HPI
2005 3 JUN	£230,000	£223,641	3% above HPI

2 QUEENSWAY 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 QUEENSWAY sales from June 2005 and February 2014 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 2005 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the February 2014 sale, where it rises to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is 2 QUEENSWAY?

2 QUEENSWAY is 136m², which includes two extensions, according to the EPC inspection conducted in April 2013. This puts it in the largest 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 QUEENSWAY lies on this distribution: 55% of detached houses are smaller than 2 QUEENSWAY, and 45% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 QUEENSWAY: Plot and Title Map

2 QUEENSWAY sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of 2 QUEENSWAY, 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 QUEENSWAY). 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 QUEENSWAY?

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