3, MERCERS WAY, SWORDY PARK, ALNWICK, NE66 1DE - £300,000

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

3 MERCERS WAY is a small detached house of 105m². It was last sold for £300,000 in September 2023, which was around 9% below the average September 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2018, where the current energy rating was B, and the potential energy rating was A.

3 MERCERS WAY Sold Prices

Land registry data shows two sales for 3 MERCERS WAY 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 3 MERCERS WAY 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
2023 1 SEP	£300,000	£328,405	9% below HPI
2018 24 SEP	£244,995	£264,749	7% below HPI

3 MERCERS 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 two 3 MERCERS WAY sales from September 2018 and September 2023 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 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 3 MERCERS WAY?

3 MERCERS WAY is 105m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 40% of detached houses in Alnwick, based on EPC data. The below chart shows the distribution of detached houses by size in Alnwick, and where 3 MERCERS WAY lies on this distribution: 31% of detached houses are smaller than 3 MERCERS WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Alnwick.

3 MERCERS WAY: Plot and Title Map

3 MERCERS WAY sits on a plot of roughly 32.4 acres, or 131,141m². The below map shows the location of 3 MERCERS 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 MERCERS 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 MERCERS WAY?

3 MERCERS WAY is located in SWORDY PARK, in the NE66 postcode district. The below map shows the position of No. 3 on MERCERS WAY.