24, SOUTHGATE MEWS, MORPETH, NE61 2BW - £420,000

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.

24 SOUTHGATE MEWS is a very large detached house of 190m², built sometime between 2003 and 2006, which could now be worth an estimated £482,940. It was last sold for £420,000 in May 2022, which was around 34% above the average May 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2019, where the current energy rating was C, and the potential energy rating was B.

24 SOUTHGATE MEWS Sold Prices

Land registry data shows two sales for 24 SOUTHGATE MEWS 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 24 SOUTHGATE MEWS 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
2022 5 MAY	£420,000	£312,899	34% above HPI
2010 28 APR	£400,000	£252,431	58% above HPI

24 SOUTHGATE MEWS 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 24 SOUTHGATE MEWS sales from April 2010 and May 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 April 2010 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the May 2022 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might 24 SOUTHGATE MEWS be worth now?

24 SOUTHGATE MEWS might now be worth an estimated £482,940.

This is based on house price inflation of 15%, between May 2022 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 15% inflationary increase is applied to the most recent sale price for 24 SOUTHGATE MEWS of £420,000 on 5th May 2022. For the value to have increased from £420,000 to £482,940 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 24 SOUTHGATE MEWS has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The May 2022 sale price of £420,000 represented a fair market value for the property.
• The size, condition, and specification of 24 SOUTHGATE MEWS has not materially changed since May 2022.

How Large is 24 SOUTHGATE MEWS?

24 SOUTHGATE MEWS is 190m² according to the EPC inspection conducted in September 2019. This puts it in the largest 20% 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 24 SOUTHGATE MEWS lies on this distribution: 83% of detached houses houses are smaller than 24 SOUTHGATE MEWS, and 17% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

24 SOUTHGATE MEWS: Plot and Title Map

24 SOUTHGATE MEWS sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 24 SOUTHGATE MEWS, 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 24 SOUTHGATE MEWS). 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 24 SOUTHGATE MEWS?

24 SOUTHGATE MEWS is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 24 on SOUTHGATE MEWS.