41, NORHAM DRIVE, MORPETH, NE61 2XA - £325,000

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

41 NORHAM DRIVE is a midsized detached house of 123m², built sometime between 1996 and 2002. It was last sold for £325,000 in February 2020, which was around 27% above the average February 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was D.

41 NORHAM DRIVE Sold Prices

Land registry data shows four sales for 41 NORHAM DRIVE 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. All of the four 41 NORHAM DRIVE 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 28 FEB	£325,000	£255,356	27% above HPI
2017 26 OCT	£360,000	£258,166	39% above HPI
2012 29 JUN	£295,000	£227,349	30% above HPI
2000 30 OCT	£148,500	£105,746	40% above HPI

41 NORHAM DRIVE 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 41 NORHAM DRIVE sales between October 2000 and February 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 October 2017 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the February 2020 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

How Large is 41 NORHAM DRIVE?

41 NORHAM DRIVE is 123m² according to the EPC inspection conducted in February 2011. This puts it in the smallest 50% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 41 NORHAM DRIVE lies on this distribution: 46% of detached houses are smaller than 41 NORHAM DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

41 NORHAM DRIVE: Plot and Title Map

41 NORHAM DRIVE sits on a plot of roughly 0.110 of an acre, or 444m². The below map shows the location of 41 NORHAM DRIVE, 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 41 NORHAM DRIVE). 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 41 NORHAM DRIVE?

41 NORHAM DRIVE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 41 on NORHAM DRIVE.