28, BANKSIDE, MORPETH, NE61 1XD - £300,000

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.

28 BANKSIDE is a very small extended detached house of 93m², built sometime between 1976 and 1982, which could now be worth an estimated £321,310. It was last sold for £300,000 in September 2022, which was around 11% below the average September 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was C.

28 BANKSIDE Sold Prices

Land registry data shows three sales for 28 BANKSIDE 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 28 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
2022 14 SEP	£300,000	£335,927	11% below HPI
2010 10 MAR	£225,000	£251,521	11% below HPI
1997 24 OCT	£80,000	£90,322	11% below HPI

28 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 three 28 BANKSIDE sales between October 1997 and September 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 March 2010 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2022 sale, which was also at 11% below the HPI.

What might 28 BANKSIDE be worth now?

28 BANKSIDE might now be worth an estimated £321,310.

This is based on house price inflation of 7.1%, between September 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 7.1% inflationary increase is applied to the most recent sale price for 28 BANKSIDE of £300,000 on 14th September 2022. For the value to have increased from £300,000 to £321,310 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 28 BANKSIDE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The September 2022 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 28 BANKSIDE has not materially changed since September 2022.

How Large is 28 BANKSIDE?

28 BANKSIDE is 93m², which includes two extensions, according to the EPC inspection conducted in March 2022. This puts it in the smallest 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 28 BANKSIDE lies on this distribution: 17% of detached houses houses are smaller than 28 BANKSIDE, and 82% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

28 BANKSIDE: Plot and Title Map

28 BANKSIDE sits on a plot of roughly 0.054 of an acre, or 220m². The below map shows the location of 28 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 28 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 28 BANKSIDE?

28 BANKSIDE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 28 on BANKSIDE.