5, BOWYER WAY, MORPETH, NE61 2FZ - £238,000

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

5 BOWYER WAY is a very small detached house of 79m², built in 2018. It was last sold for £238,000 in February 2024, which was around 26% below the average February 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2021, where the current energy rating was B, and the potential energy rating was A.

5 BOWYER WAY Sold Prices

Land registry data shows two sales for 5 BOWYER WAY 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. Both of the two 5 BOWYER WAY 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
2024 5 FEB	£238,000	£322,450	26% below HPI
2021 25 NOV	£237,500	£292,739	19% below HPI

5 BOWYER WAY 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 5 BOWYER WAY sales from November 2021 and February 2024 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 November 2021 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2024 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 5 BOWYER WAY?

5 BOWYER WAY is 79m² according to the EPC inspection conducted in September 2021. 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 5 BOWYER WAY lies on this distribution: 8% of detached houses are smaller than 5 BOWYER WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

5 BOWYER WAY: Plot and Title Map

5 BOWYER WAY sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of 5 BOWYER WAY, 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 5 BOWYER WAY). 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 5 BOWYER WAY?

5 BOWYER WAY is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 5 on BOWYER WAY.