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

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

28 BANKSIDE is a very small extended detached house of 93m², built sometime between 1976 and 1982. It was last sold for £300,000 in September 2022, which was around 8% 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	£324,927	8% below HPI
2010 10 MAR	£225,000	£243,682	8% below HPI
1997 24 OCT	£80,000	£87,507	9% 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 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2022 sale, which was also at 8% below the HPI.

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 in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 28 BANKSIDE lies on this distribution: 17% of detached houses are smaller than 28 BANKSIDE, and 83% 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.