4, ALDER CLOSE, MORPETH, NE61 1XH - £380,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

4 ALDER CLOSE is a small detached house of 103m², built sometime between 1983 and 1990. It was last sold for £380,000 in January 2023, which was around 19% above the average January 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

4 ALDER CLOSE Sold Prices

Land registry data shows two sales for 4 ALDER CLOSE 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. Both of the two 4 ALDER CLOSE sales were 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
2023 6 JAN	£380,000	£318,866	19% above HPI
2007 15 AUG	£297,500	£262,218	13% above HPI

4 ALDER CLOSE 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 4 ALDER CLOSE sales from August 2007 and January 2023 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 2007 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the January 2023 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is 4 ALDER CLOSE?

4 ALDER CLOSE is 103m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 30% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 4 ALDER CLOSE lies on this distribution: 24% of detached houses are smaller than 4 ALDER CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

4 ALDER CLOSE: Plot and Title Map

4 ALDER CLOSE sits on a plot of roughly 0.146 of an acre, or 590m². The below map shows the location of 4 ALDER CLOSE, 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 4 ALDER CLOSE). 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 4 ALDER CLOSE?

4 ALDER CLOSE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 4 on ALDER CLOSE.