27, NORHAM DRIVE, MORPETH, NE61 2XA - £215,000

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

27 NORHAM DRIVE is a very small detached house of 86m², built sometime between 1996 and 2002. It was last sold for £215,000 in March 2019, which was around 14% below the average March 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

27 NORHAM DRIVE Sold Prices

Land registry data shows four sales for 27 NORHAM DRIVE 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. Most of the four 27 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
2019 14 MAR	£215,000	£249,792	14% below HPI
2018 21 SEP	£235,000	£264,749	11% below HPI
2002 17 MAY	£134,500	£121,392	11% above HPI
2000 11 AUG	£94,950	£103,766	8% below HPI

27 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 four 27 NORHAM DRIVE sales between August 2000 and March 2019 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 September 2018 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the March 2019 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 27 NORHAM DRIVE?

27 NORHAM DRIVE is 86m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 20% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 27 NORHAM DRIVE lies on this distribution: 12% of detached houses are smaller than 27 NORHAM DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

27 NORHAM DRIVE: Plot and Title Map

27 NORHAM DRIVE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 27 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 27 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 27 NORHAM DRIVE?

27 NORHAM DRIVE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 27 on NORHAM DRIVE.