2, THE LEA, SWARLAND, MORPETH, NE65 9HB - £480,000

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 THE LEA is a midsized detached house of 178m², built sometime between 1983 and 1990. It was last sold for £480,000 in December 2023, which was around 49% above the average December 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

2 THE LEA Sold Prices

Land registry data shows three sales for 2 THE LEA 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 THE LEA 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
2023 8 DEC	£480,000	£322,012	49% above HPI
2022 24 MAY	£465,000	£303,147	53% above HPI
1998 26 FEB	£150,000	£84,759	77% above HPI

2 THE LEA 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 THE LEA sales between February 1998 and December 2023 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 2022 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the December 2023 sale, where it falls to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is 2 THE LEA?

2 THE LEA is 178m² according to the EPC inspection conducted in April 2022. This puts it in the largest 50% 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 LEA lies on this distribution: 57% of detached houses are smaller than 2 THE LEA, and 42% of houses are larger. Note that EPC data is not available for all properties in Swarland.

2 THE LEA: Plot and Title Map

2 THE LEA sits on a plot of roughly 0.261 of an acre, or 1,055m². The below map shows the location of 2 THE LEA, 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 LEA). 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 LEA?

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