3, WESTGATE, MORPETH, NE61 2BH - £257,000

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 WESTGATE is a midsized extended detached house of 135m², built sometime between 1976 and 1982. It was last sold for £257,000 in November 2020, which was around 9% below the average November 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

3 WESTGATE Sold Prices

Land registry data shows three sales for 3 WESTGATE 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 WESTGATE sales were for below the average price, whilst one was for above 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 27 NOV	£257,000	£281,565	9% below HPI
2020 21 AUG	£265,000	£268,221	1% below HPI
1996 29 AUG	£94,500	£85,675	10% above HPI

3 WESTGATE 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 WESTGATE sales between August 1996 and November 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 August 2020 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2020 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 3 WESTGATE?

3 WESTGATE is 135m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the largest 50% 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 WESTGATE lies on this distribution: 54% of detached houses are smaller than 3 WESTGATE, and 46% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

3 WESTGATE: Plot and Title Map

3 WESTGATE sits on a plot of roughly 0.103 of an acre, or 418m². The below map shows the location of 3 WESTGATE, 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 WESTGATE). 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 WESTGATE?

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