2, THE LARCHES, SWARLAND, MORPETH, NE65 9LU - £425,000

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 LARCHES is a small detached house of 135m², built sometime between 1983 and 1990. It was last sold for £425,000 in August 2020, which was around 58% above the average August 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

2 THE LARCHES Sold Prices

Land registry data shows two sales for 2 THE LARCHES 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 LARCHES 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
2020 19 AUG	£425,000	£268,221	58% above HPI
2016 6 MAY	£260,000	£242,024	7% above HPI

2 THE LARCHES 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 LARCHES sales from May 2016 and August 2020 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 2016 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2020 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is 2 THE LARCHES?

2 THE LARCHES is 135m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 30% 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 LARCHES lies on this distribution: 29% of detached houses are smaller than 2 THE LARCHES, and 70% of houses are larger. Note that EPC data is not available for all properties in Swarland.

2 THE LARCHES: Plot and Title Map

2 THE LARCHES sits on a plot of roughly 0.274 of an acre, or 1,110m². The below map shows the location of 2 THE LARCHES, 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 LARCHES). 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 LARCHES?

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