2, WARKWORTH DRIVE, PEGSWOOD, MORPETH, NE61 6TD - £151,950

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 WARKWORTH DRIVE is a very small extended detached house of 72m², built sometime between 1983 and 1990. It was last sold for £151,950 in November 2021, which was around 48% below the average November 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2021, where the current energy rating was E, and the potential energy rating was C.

2 WARKWORTH DRIVE Sold Prices

Land registry data shows three sales for 2 WARKWORTH DRIVE 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 WARKWORTH DRIVE 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
2021 16 NOV	£151,950	£292,739	48% below HPI
2017 8 FEB	£145,000	£247,381	41% below HPI
2009 20 MAR	£130,000	£224,503	42% below HPI

2 WARKWORTH DRIVE 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 WARKWORTH DRIVE sales between March 2009 and November 2021 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 February 2017 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the November 2021 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 2 WARKWORTH DRIVE?

2 WARKWORTH DRIVE is 72m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the smallest 10% of detached houses in Pegswood, based on EPC data. The below chart shows the distribution of detached houses by size in Pegswood, and where 2 WARKWORTH DRIVE lies on this distribution: 6% of detached houses are smaller than 2 WARKWORTH DRIVE, and 91% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

2 WARKWORTH DRIVE: Plot and Title Map

2 WARKWORTH DRIVE sits on a plot of roughly 0.049 of an acre, or 196m². The below map shows the location of 2 WARKWORTH DRIVE, 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 WARKWORTH DRIVE). 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 WARKWORTH DRIVE?

2 WARKWORTH DRIVE is located in PEGSWOOD, in the NE61 postcode district. The below map shows the position of No. 2 on WARKWORTH DRIVE.