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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 WARKWORTH DRIVE is a very small extended detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £180,933. It was last sold for £151,950 in November 2021, which was around 50% 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	£302,156	50% below HPI
2017 8 FEB	£145,000	£255,339	43% below HPI
2009 20 MAR	£130,000	£231,725	44% 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 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the November 2021 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 2 WARKWORTH DRIVE be worth now?

2 WARKWORTH DRIVE might now be worth an estimated £180,933.

This is based on house price inflation of 19.1%, between November 2021 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.1% inflationary increase is applied to the most recent sale price for 2 WARKWORTH DRIVE of £151,950 on 16th November 2021. For the value to have increased from £151,950 to £180,933 over the four years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 WARKWORTH DRIVE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2021 sale price of £151,950 represented a fair market value for the property.
• The size, condition, and specification of 2 WARKWORTH DRIVE has not materially changed since November 2021.

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 houses in Pegswood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pegswood, and where 2 WARKWORTH DRIVE lies on this distribution: 6% of detached houses 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 0.048 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.