23, NORHAM DRIVE, MORPETH, NE61 2XA - £295,000

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

23 NORHAM DRIVE is a small extended detached house of 103m², built sometime between 1991 and 1995. It was last sold for £295,000 in October 2022, which was around 10% below the average October 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2022, where the current energy rating was D, and the potential energy rating was C.

23 NORHAM DRIVE Sold Prices

Land registry data shows two sales for 23 NORHAM DRIVE 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 23 NORHAM 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
2022 21 OCT	£295,000	£327,541	10% below HPI
1999 17 DEC	£94,950	£100,431	5% below HPI

23 NORHAM 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 two 23 NORHAM DRIVE sales from December 1999 and October 2022 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 December 1999 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the October 2022 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 23 NORHAM DRIVE?

23 NORHAM DRIVE is 103m², which includes one extension, according to the EPC inspection conducted in May 2022. This puts it in the smallest 30% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 23 NORHAM DRIVE lies on this distribution: 24% of detached houses are smaller than 23 NORHAM DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

23 NORHAM DRIVE: Plot and Title Map

23 NORHAM DRIVE sits on a plot of roughly 0.181 of an acre, or 730m². The below map shows the location of 23 NORHAM 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 23 NORHAM 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 23 NORHAM DRIVE?

23 NORHAM DRIVE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 23 on NORHAM DRIVE.