3, PALMERSTON AVENUE, ST. GEORGES WOOD, MORPETH, NE61 2GF - £155,000

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 PALMERSTON AVENUE is a very small detached house of 72m². It was last sold for £155,000 in December 2019, which was around 39% below the average December 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2016, where the current energy rating was B, and the potential energy rating was A.

3 PALMERSTON AVENUE Sold Prices

Land registry data shows three sales for 3 PALMERSTON AVENUE 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 3 PALMERSTON AVENUE 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
2019 10 DEC	£155,000	£253,517	39% below HPI
2018 29 OCT	£135,000	£261,980	48% below HPI
2016 24 OCT	£218,096	£249,591	13% below HPI

3 PALMERSTON AVENUE 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 PALMERSTON AVENUE sales between October 2016 and December 2019 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 October 2018 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the December 2019 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 3 PALMERSTON AVENUE?

3 PALMERSTON AVENUE is 72m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 3 PALMERSTON AVENUE lies on this distribution: 4% of detached houses are smaller than 3 PALMERSTON AVENUE, and 95% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

3 PALMERSTON AVENUE: Plot and Title Map

3 PALMERSTON AVENUE sits on a plot of roughly 0.028 of an acre, or 114m². The below map shows the location of 3 PALMERSTON AVENUE, 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 PALMERSTON AVENUE). 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 PALMERSTON AVENUE?

3 PALMERSTON AVENUE is located in ST. GEORGES WOOD, in the NE61 postcode district. The below map shows the position of No. 3 on PALMERSTON AVENUE.