2, THE AVENUE, SWARLAND, MORPETH, NE65 9JL - £144,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 THE AVENUE is a very small detached house of 50m², built sometime between 1967 and 1975. It was last sold for £144,000 in November 2014, which was around 39% below the average November 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2016, where the current energy rating was C, and the potential energy rating was B.

2 THE AVENUE Sold Prices

Land registry data shows two sales for 2 THE 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 THE AVENUE 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
2014 27 NOV	£144,000	£236,823	39% below HPI
2007 11 OCT	£100,000	£260,342	62% below HPI

2 THE 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 THE AVENUE sales from October 2007 and November 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 October 2007 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the November 2014 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 2 THE AVENUE?

2 THE AVENUE is 50m² according to the EPC inspection conducted in July 2016. This puts it in the smallest 10% of detached houses in Swarland, based on EPC data. The below chart shows the distribution of detached houses by size in Swarland, and where 2 THE AVENUE lies on this distribution: Less than 1% of detached houses are smaller than 2 THE AVENUE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Swarland.

2 THE AVENUE: Plot and Title Map

2 THE AVENUE sits on a plot of roughly 0.282 of an acre, or 1,141m². The below map shows the location of 2 THE 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 THE 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 THE AVENUE?

2 THE AVENUE is located in SWARLAND, in the NE65 postcode district. The below map shows the position of No. 2 on THE AVENUE.