3, ASPEN WAY, MORPETH, NE61 3BF - £317,995

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

3 ASPEN WAY is a small detached house of 114m². It was last sold for £317,995 in December 2021, which was around 12% above the average December 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2016, where the current energy rating was B, and the potential energy rating was A.

3 ASPEN WAY Sold Prices

Land registry data shows three sales for 3 ASPEN WAY 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. Two of the three 3 ASPEN WAY sales were for above the average price, whilst one was 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
2021 3 DEC	£317,995	£284,168	12% above HPI
2021 5 NOV	£270,000	£292,739	8% below HPI
2016 3 OCT	£270,000	£249,591	8% above HPI

3 ASPEN WAY 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 3 ASPEN WAY sales between October 2016 and December 2021 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 November 2021 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2021 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 3 ASPEN WAY?

3 ASPEN WAY is 114m² according to the EPC inspection conducted in April 2016. This puts it in the largest 50% of detached houses in Fair Moor, based on EPC data. The below chart shows the distribution of detached houses by size in Fair Moor, and where 3 ASPEN WAY lies on this distribution: 38% of detached houses are smaller than 3 ASPEN WAY, and 47% of houses are larger. Note that EPC data is not available for all properties in Fair Moor.

3 ASPEN WAY: Plot and Title Map

3 ASPEN WAY sits on a plot of roughly 0.058 of an acre, or 233m². The below map shows the location of 3 ASPEN WAY, 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 3 ASPEN WAY). 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 3 ASPEN WAY?

3 ASPEN WAY is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 3 on ASPEN WAY.