3, RECTORY PARK, MORPETH, NE61 2SZ - £270,000

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 RECTORY PARK is a large extended detached house of 150m², built sometime between 1967 and 1975. It was last sold for £270,000 in July 2015, which was around 12% above the average July 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2010, where the current energy rating was D, and the potential energy rating was C.

3 RECTORY PARK Sold Prices

Land registry data shows three sales for 3 RECTORY PARK 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 RECTORY PARK 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
2015 10 JUL	£270,000	£240,522	12% above HPI
2011 20 APR	£188,650	£237,428	21% below HPI
2002 9 AUG	£152,000	£134,088	13% above HPI

3 RECTORY PARK 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 RECTORY PARK sales between August 2002 and July 2015 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 April 2011 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the July 2015 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 3 RECTORY PARK?

3 RECTORY PARK is 150m², which includes two extensions, according to the EPC inspection conducted in June 2010. This puts it in the largest 40% 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 RECTORY PARK lies on this distribution: 65% of detached houses are smaller than 3 RECTORY PARK, and 35% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

3 RECTORY PARK: Plot and Title Map

3 RECTORY PARK sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 3 RECTORY PARK, 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 RECTORY PARK). 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 RECTORY PARK?

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