5, MELROSE WAY, FELTON, MORPETH, NE65 9DY - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 MELROSE WAY is a large detached house of 141m², which could now be worth an estimated £414,267. It was last sold for £390,000 in August 2023, which was around 15% above the average August 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was December 2018, where the current energy rating was B, and the potential energy rating was A.

5 MELROSE WAY Sold Prices

Land registry data shows two sales for 5 MELROSE 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 MELROSE WAY 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
2023 15 AUG	£390,000	£338,713	15% above HPI
2019 19 JUL	£289,995	£263,565	10% above HPI

5 MELROSE 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 MELROSE WAY sales from July 2019 and August 2023 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 July 2019 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the August 2023 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 5 MELROSE WAY be worth now?

5 MELROSE WAY might now be worth an estimated £414,267.

This is based on house price inflation of 6.2%, between August 2023 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.2% inflationary increase is applied to the most recent sale price for 5 MELROSE WAY of £390,000 on 15th August 2023. For the value to have increased from £390,000 to £414,267 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 5 MELROSE WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2023 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MELROSE WAY has not materially changed since August 2023.

How Large is 5 MELROSE WAY?

5 MELROSE WAY is 141m² according to the EPC inspection conducted in December 2018. This puts it in the largest 30% of detached houses houses in Felton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Felton, and where 5 MELROSE WAY lies on this distribution: 67% of detached houses houses are smaller than 5 MELROSE WAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Felton.

5 MELROSE WAY: Plot and Title Map

5 MELROSE WAY sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 5 MELROSE 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 MELROSE 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 MELROSE WAY?

5 MELROSE WAY is located in FELTON, in the NE65 postcode district. The below map shows the position of No. 5 on MELROSE WAY.