3, STOWE GARDENS, PEGSWOOD, MORPETH, NE61 6TH - £193,000

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 STOWE GARDENS is a midsized detached house of 98m², built sometime between 1996 and 2002. It was last sold for £193,000 in February 2020, which was around 24% below the average February 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

3 STOWE GARDENS Sold Prices

Land registry data shows four sales for 3 STOWE GARDENS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four 3 STOWE GARDENS 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
2020 21 FEB	£193,000	£255,356	24% below HPI
2001 15 OCT	£85,000	£115,150	26% below HPI
1999 5 JUL	£70,500	£98,026	28% below HPI
1998 27 MAY	£78,950	£88,908	11% below HPI

3 STOWE GARDENS 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 four 3 STOWE GARDENS sales between May 1998 and February 2020 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 2001 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 3 STOWE GARDENS?

3 STOWE GARDENS is 98m² according to the EPC inspection conducted in September 2019. This puts it in the largest 50% of detached houses in Pegswood, based on EPC data. The below chart shows the distribution of detached houses by size in Pegswood, and where 3 STOWE GARDENS lies on this distribution: 50% of detached houses are smaller than 3 STOWE GARDENS, and 49% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

3 STOWE GARDENS: Plot and Title Map

3 STOWE GARDENS sits on a plot of roughly 0.074 of an acre, or 298m². The below map shows the location of 3 STOWE GARDENS, 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 STOWE GARDENS). 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 STOWE GARDENS?

3 STOWE GARDENS is located in PEGSWOOD, in the NE61 postcode district. The below map shows the position of No. 3 on STOWE GARDENS.