4, SMITHS CLOSE, MORPETH, NE61 2ZF - £279,000

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

4 SMITHS CLOSE is a very small detached house of 87m². It was last sold for £279,000 in August 2022, which was around 12% below the average August 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2021, where the current energy rating was B, and the potential energy rating was A.

4 SMITHS CLOSE Sold Prices

Land registry data shows two sales for 4 SMITHS 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 SMITHS CLOSE 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 AUG	£279,000	£317,779	12% below HPI
2021 26 MAR	£243,195	£282,544	14% below HPI

4 SMITHS 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 SMITHS CLOSE sales from March 2021 and August 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 2021 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the August 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 4 SMITHS CLOSE?

4 SMITHS CLOSE is 87m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 20% 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 SMITHS CLOSE lies on this distribution: 12% of detached houses are smaller than 4 SMITHS CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

4 SMITHS CLOSE: Plot and Title Map

4 SMITHS CLOSE sits on a plot of roughly 0.073 of an acre, or 295m². The below map shows the location of 4 SMITHS 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 SMITHS 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 SMITHS CLOSE?

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