42, MERLEY GATE, MORPETH, NE61 2EP - £235,000

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

42 MERLEY GATE is a very small detached house of 59m², built sometime between 1983 and 1990. It was last sold for £235,000 in June 2014, which was around 1% above the average June 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2009, where the current energy rating was E, and the potential energy rating was C.

42 MERLEY GATE Sold Prices

Land registry data shows two sales for 42 MERLEY GATE 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. One of the two 42 MERLEY GATE sales was for above the average price, whilst the other was 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
2014 24 JUN	£235,000	£231,752	1% above HPI
2010 24 SEP	£178,000	£249,602	29% below HPI

42 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 two 42 MERLEY GATE sales from September 2010 and June 2014 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 September 2010 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the June 2014 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 42 MERLEY GATE?

42 MERLEY GATE is 59m² according to the EPC inspection conducted in August 2009. 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 42 MERLEY GATE lies on this distribution: 1% of detached houses are smaller than 42 MERLEY GATE, and 99% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

42 MERLEY GATE: Plot and Title Map

42 MERLEY GATE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 42 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 42 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 42 MERLEY GATE?

42 MERLEY GATE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 42 on MERLEY GATE.