3, MORGAN CLOSE, STEVENAGE, SG1 4TG - £655,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 MORGAN CLOSE is a very large extended detached house of 183m², built sometime between 1983 and 1990. It was last sold for £655,000 in October 2016, which was around 22% above the average October 2016 detached price in the Stevenage local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

3 MORGAN CLOSE Sold Prices

Land registry data shows two sales for 3 MORGAN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stevenage local authority area for the corresponding sale date. Both of the two 3 MORGAN CLOSE sales were for above 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
2016 7 OCT	£655,000	£535,419	22% above HPI
1996 23 MAY	£180,000	£103,231	74% above HPI

3 MORGAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stevenage local authority area over time, sourced from the HPI. The two 3 MORGAN CLOSE sales from May 1996 and October 2016 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 May 1996 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the October 2016 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

What might 3 MORGAN CLOSE be worth now?

3 MORGAN CLOSE might now be worth an estimated £757,921.

This is based on house price inflation of 15.7%, between October 2016 and December 2024, for detached houses, in the Stevenage local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.7% inflationary increase is applied to the most recent sale price for 3 MORGAN CLOSE of £655,000 on 7th October 2016. For the value to have increased from £655,000 to £757,921 over the seven years and ten months to December 2024, the following assumptions must hold true:

• The value of 3 MORGAN CLOSE has moved in line with the HPI for detached houses in the Stevenage local authority area.
• The October 2016 sale price of £655,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MORGAN CLOSE has not materially changed since October 2016.

How Large is 3 MORGAN CLOSE?

3 MORGAN CLOSE is 183m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 10% of detached houses houses in Stevenage, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stevenage, and where 3 MORGAN CLOSE lies on this distribution: 91% of detached houses houses are smaller than 3 MORGAN CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

3 MORGAN CLOSE: Plot and Title Map

3 MORGAN CLOSE sits on a plot of roughly 0.141 of an acre, or 569m². The below map shows the location of 3 MORGAN CLOSE, 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 MORGAN CLOSE). 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 MORGAN CLOSE?

3 MORGAN CLOSE is located in STEVENAGE, in the SG1 postcode district. The below map shows the position of No. 3 on MORGAN CLOSE.