40, MERLEY GATE, MORPETH, NE61 2EP - £240,000

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

40 MERLEY GATE is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £240,000 in November 2017, which was around 5% below the average November 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

40 MERLEY GATE Sold Prices

Land registry data shows four sales for 40 MERLEY GATE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. two of the four 40 MERLEY GATE sales were for below the average price, and four 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
2017 1 NOV	£240,000	£252,671	5% below HPI
2014 22 AUG	£225,000	£236,997	5% below HPI
2006 20 APR	£245,000	£228,957	7% above HPI
2003 3 OCT	£190,000	£186,327	2% above HPI

40 MERLEY GATE 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 four 40 MERLEY GATE sales between October 2003 and November 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 August 2014 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the November 2017 sale, which was also at 5% below the HPI.

How Large is 40 MERLEY GATE?

40 MERLEY GATE is 74m² according to the EPC inspection conducted in June 2017. 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 40 MERLEY GATE lies on this distribution: 5% of detached houses are smaller than 40 MERLEY GATE, and 94% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

40 MERLEY GATE: Plot and Title Map

40 MERLEY GATE sits on a plot of roughly 0.082 of an acre, or 334m². The below map shows the location of 40 MERLEY GATE, 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 40 MERLEY GATE). 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 40 MERLEY GATE?

40 MERLEY GATE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 40 on MERLEY GATE.