4, WHEATSHEAF YARD, MORPETH, NE61 1AJ - £120,000

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

4 WHEATSHEAF YARD is a very small detached house of 55m², built sometime between 1900 and 1929. It was last sold for £120,000 in April 2017, which was around 52% below the average April 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2016, where the current energy rating was F, and the potential energy rating was B.

4 WHEATSHEAF YARD Sold Prices

Land registry data shows three sales for 4 WHEATSHEAF YARD 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 WHEATSHEAF YARD 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
2017 10 APR	£120,000	£250,415	52% below HPI
2007 12 FEB	£139,000	£246,077	44% below HPI
2002 27 SEP	£90,500	£137,828	34% below HPI

4 WHEATSHEAF YARD 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 WHEATSHEAF YARD sales between September 2002 and April 2017 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 February 2007 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the April 2017 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 4 WHEATSHEAF YARD?

4 WHEATSHEAF YARD is 55m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 10% 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 WHEATSHEAF YARD lies on this distribution: Less than 1% of detached houses are smaller than 4 WHEATSHEAF YARD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

4 WHEATSHEAF YARD: Plot and Title Map

4 WHEATSHEAF YARD sits on a plot of roughly 0.048 of an acre, or 195m². The below map shows the location of 4 WHEATSHEAF YARD, 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 WHEATSHEAF YARD). 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 WHEATSHEAF YARD?

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