49, NORHAM DRIVE, MORPETH, NE61 2XA - £366,000

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

49 NORHAM DRIVE is a large extended detached house of 167m², built sometime between 1996 and 2002. It was last sold for £366,000 in March 2020, which was around 41% above the average March 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

49 NORHAM DRIVE Sold Prices

Land registry data shows three sales for 49 NORHAM DRIVE 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 49 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 30 MAR	£366,000	£259,856	41% above HPI
2016 12 AUG	£370,000	£253,697	46% above HPI
2001 16 MAR	£166,500	£102,533	62% above HPI

49 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 three 49 NORHAM DRIVE sales between March 2001 and March 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 August 2016 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the March 2020 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 49 NORHAM DRIVE?

49 NORHAM DRIVE is 167m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 49 NORHAM DRIVE lies on this distribution: 72% of detached houses are smaller than 49 NORHAM DRIVE, and 28% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

49 NORHAM DRIVE: Plot and Title Map

49 NORHAM DRIVE sits on a plot of roughly 0.104 of an acre, or 421m². The below map shows the location of 49 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 49 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 49 NORHAM DRIVE?

49 NORHAM DRIVE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 49 on NORHAM DRIVE.