3, STUDLEY DRIVE, SWARLAND, MORPETH, NE65 9JT - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 STUDLEY DRIVE is a small extended detached house of 143m², built sometime between 1930 and 1949, which could now be worth an estimated £467,386. It was last sold for £390,000 in July 2021, which was around 30% above the average July 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was D.

3 STUDLEY DRIVE Sold Prices

Land registry data shows two sales for 3 STUDLEY DRIVE 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. One of the two 3 STUDLEY DRIVE sales was for above the average price, whilst the other 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
2021 30 JUL	£390,000	£300,218	30% above HPI
2012 12 NOV	£230,000	£239,194	4% below HPI

3 STUDLEY DRIVE 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 STUDLEY DRIVE sales from November 2012 and July 2021 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 November 2012 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might 3 STUDLEY DRIVE be worth now?

3 STUDLEY DRIVE might now be worth an estimated £467,386.

This is based on house price inflation of 19.8%, between July 2021 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.8% inflationary increase is applied to the most recent sale price for 3 STUDLEY DRIVE of £390,000 on 30th July 2021. For the value to have increased from £390,000 to £467,386 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 3 STUDLEY DRIVE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2021 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 3 STUDLEY DRIVE has not materially changed since July 2021.

How Large is 3 STUDLEY DRIVE?

3 STUDLEY DRIVE is 143m², which includes two extensions, according to the EPC inspection conducted in June 2021. This puts it in the smallest 40% of detached houses houses in Swarland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Swarland, and where 3 STUDLEY DRIVE lies on this distribution: 35% of detached houses houses are smaller than 3 STUDLEY DRIVE, and 65% of houses are larger. Note that EPC data is not available for all properties in Swarland.

3 STUDLEY DRIVE: Plot and Title Map

3 STUDLEY DRIVE sits on a plot of roughly 0.143 of an acre, or 580m². The below map shows the location of 3 STUDLEY DRIVE, 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 STUDLEY DRIVE). 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 STUDLEY DRIVE?

3 STUDLEY DRIVE is located in SWARLAND, in the NE65 postcode district. The below map shows the position of No. 3 on STUDLEY DRIVE.