5, PILGRIMS WAY, MORPETH, NE61 2BQ - £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

5 PILGRIMS WAY is a very large extended detached house of 184m², built sometime between 1976 and 1982. It was last sold for £325,000 in August 2012, which was around 40% above the average August 2012 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

5 PILGRIMS WAY Sold Prices

Land registry data shows two sales for 5 PILGRIMS 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 PILGRIMS 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
2012 3 AUG	£325,000	£232,782	40% above HPI
2002 21 JUN	£230,000	£125,083	84% above HPI

5 PILGRIMS 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 PILGRIMS WAY sales from June 2002 and August 2012 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 June 2002 sale was for 84% above the HPI. So the extrapolation line tracks at 84% above the HPI over time, until the August 2012 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 5 PILGRIMS WAY?

5 PILGRIMS WAY is 184m², which includes one extension, according to the EPC inspection conducted in March 2010. This puts it in the largest 20% 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 PILGRIMS WAY lies on this distribution: 81% of detached houses are smaller than 5 PILGRIMS WAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

5 PILGRIMS WAY: Plot and Title Map

5 PILGRIMS WAY sits on a plot of roughly 0.197 of an acre, or 796m². The below map shows the location of 5 PILGRIMS 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 PILGRIMS 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 PILGRIMS WAY?

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