20, BANKSIDE, MORPETH, NE61 1XD - £340,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

20 BANKSIDE is a very small extended detached house of 80m², built sometime between 1983 and 1990, which could now be worth an estimated £346,136. It was last sold for £340,000 in December 2024, which was around 4% below the average December 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2024, where the current energy rating was C, and the potential energy rating was B.

20 BANKSIDE Sold Prices

Land registry data shows four sales for 20 BANKSIDE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four 20 BANKSIDE 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
2024 10 DEC	£340,000	£353,411	4% below HPI
2002 18 JUN	£124,250	£129,106	4% below HPI
2002 3 MAY	£107,000	£125,297	15% below HPI
2000 25 FEB	£80,000	£98,878	19% below HPI

20 BANKSIDE 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 four 20 BANKSIDE sales between February 2000 and December 2024 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 June 2002 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the December 2024 sale, which was also at 4% below the HPI.

What might 20 BANKSIDE be worth now?

20 BANKSIDE might now be worth an estimated £346,136.

This is based on house price inflation of 1.8%, between December 2024 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 1.8% inflationary increase is applied to the most recent sale price for 20 BANKSIDE of £340,000 on 10th December 2024. For the value to have increased from £340,000 to £346,136 over the one year and ten months to February 2025, the following assumptions must hold true:

• The value of 20 BANKSIDE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The December 2024 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 20 BANKSIDE has not materially changed since December 2024.

How Large is 20 BANKSIDE?

20 BANKSIDE is 80m², which includes two extensions, according to the EPC inspection conducted in September 2024. This puts it in the smallest 10% of detached houses houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morpeth, and where 20 BANKSIDE lies on this distribution: 9% of detached houses houses are smaller than 20 BANKSIDE, and 89% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

20 BANKSIDE: Plot and Title Map

20 BANKSIDE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 20 BANKSIDE, 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 20 BANKSIDE). 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 20 BANKSIDE?

20 BANKSIDE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 20 on BANKSIDE.