40, THE PASTURES, MORPETH, NE61 2AX - £210,000

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

40 THE PASTURES is a very small detached house of 72m², built sometime between 1967 and 1975. It was last sold for £210,000 in December 2017, which was around 18% below the average December 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was January 2016, where the current energy rating was E, and the potential energy rating was B.

40 THE PASTURES Sold Prices

Land registry data shows three sales for 40 THE PASTURES 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 40 THE PASTURES 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 1 DEC	£210,000	£255,103	18% below HPI
2016 4 MAR	£177,500	£243,545	27% below HPI
2002 28 DEC	£132,500	£145,834	9% below HPI

40 THE PASTURES 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 40 THE PASTURES sales between December 2002 and December 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 March 2016 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the December 2017 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is 40 THE PASTURES?

40 THE PASTURES is 72m² according to the EPC inspection conducted in January 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 40 THE PASTURES lies on this distribution: 4% of detached houses are smaller than 40 THE PASTURES, and 95% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

40 THE PASTURES: Plot and Title Map

40 THE PASTURES sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 40 THE PASTURES, 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 THE PASTURES). 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 THE PASTURES?

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