4, GREEN CLOSE, STANNINGTON, MORPETH, NE61 6PE - £450,000

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.

4 GREEN CLOSE is a large extended detached house of 168m², built sometime between 1991 and 1995, which could now be worth an estimated £576,097. It was last sold for £450,000 in September 2020, which was around 60% above the average September 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2012, where the current energy rating was C, and the potential energy rating was C.

4 GREEN CLOSE Sold Prices

Land registry data shows three sales for 4 GREEN CLOSE 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. All of the three 4 GREEN 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
2020 17 SEP	£450,000	£281,038	60% above HPI
2014 14 MAR	£445,000	£238,900	86% above HPI
2007 20 APR	£470,000	£254,445	85% above HPI

4 GREEN 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 three 4 GREEN CLOSE sales between April 2007 and September 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 March 2014 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the September 2020 sale, where it falls to 60% above the HPI. The line then continues to track at 60% above the HPI.

What might 4 GREEN CLOSE be worth now?

4 GREEN CLOSE might now be worth an estimated £576,097.

This is based on house price inflation of 28%, between September 2020 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 28% inflationary increase is applied to the most recent sale price for 4 GREEN CLOSE of £450,000 on 17th September 2020. For the value to have increased from £450,000 to £576,097 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 4 GREEN CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The September 2020 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GREEN CLOSE has not materially changed since September 2020.

How Large is 4 GREEN CLOSE?

4 GREEN CLOSE is 168m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the largest 30% of detached houses houses in Stannington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stannington, and where 4 GREEN CLOSE lies on this distribution: 76% of detached houses houses are smaller than 4 GREEN CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Stannington.

4 GREEN CLOSE: Plot and Title Map

4 GREEN CLOSE sits on a plot of roughly 0.178 of an acre, or 720m². The below map shows the location of 4 GREEN 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 GREEN 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 GREEN CLOSE?

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