3, THE SQUARE, SWARLAND, MORPETH, NE65 9JQ - £351,250

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 THE SQUARE is a small extended detached house of 140m², built sometime between 1930 and 1949. It was last sold for £351,250 in November 2022, which was around 7% above the average November 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2017, where the current energy rating was F, and the potential energy rating was D.

3 THE SQUARE Sold Prices

Land registry data shows four sales for 3 THE SQUARE 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. Most of the four 3 THE SQUARE 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
2022 15 NOV	£351,250	£326,895	7% above HPI
2018 28 MAR	£234,000	£254,425	8% below HPI
2013 16 JUL	£200,000	£224,599	11% below HPI
2004 22 DEC	£198,000	£219,478	10% below HPI

3 THE SQUARE 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 THE SQUARE sales between December 2004 and November 2022 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 March 2018 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2022 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 3 THE SQUARE?

3 THE SQUARE is 140m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the smallest 40% of detached houses in Swarland, based on EPC data. The below chart shows the distribution of detached houses by size in Swarland, and where 3 THE SQUARE lies on this distribution: 30% of detached houses are smaller than 3 THE SQUARE, and 68% of houses are larger. Note that EPC data is not available for all properties in Swarland.

3 THE SQUARE: Plot and Title Map

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

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