2, RIDLEY CLOSE, MORPETH, NE61 2PJ - £343,000

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 RIDLEY CLOSE is a large extended detached house of 177m², built sometime between 1983 and 1990. It was last sold for £343,000 in April 2012, which was around 50% above the average April 2012 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2011, where the current energy rating was E, and the potential energy rating was D.

2 RIDLEY CLOSE Sold Prices

Land registry data shows three sales for 2 RIDLEY 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 Northumberland local authority area for the corresponding sale date. All of the three 2 RIDLEY 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
2012 19 APR	£343,000	£228,502	50% above HPI
2004 27 MAY	£310,000	£194,584	59% above HPI
2002 31 MAY	£230,000	£121,392	89% above HPI

2 RIDLEY CLOSE 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 RIDLEY CLOSE sales between May 2002 and April 2012 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 May 2004 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the April 2012 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 2 RIDLEY CLOSE?

2 RIDLEY CLOSE is 177m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the largest 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 RIDLEY CLOSE lies on this distribution: 76% of detached houses are smaller than 2 RIDLEY CLOSE, and 24% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 RIDLEY CLOSE: Plot and Title Map

2 RIDLEY CLOSE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 2 RIDLEY 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 RIDLEY 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 RIDLEY CLOSE?

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