5, PILGRIMS WAY, MORPETH, NE61 2BQ - £325,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 PILGRIMS WAY is a very large extended detached house of 184m², built sometime between 1976 and 1982, which could now be worth an estimated £480,953. It was last sold for £325,000 in August 2012, which was around 35% 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	£240,270	35% above HPI
2002 21 JUN	£230,000	£129,106	78% 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 78% above the HPI. So the extrapolation line tracks at 78% above the HPI over time, until the August 2012 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

What might 5 PILGRIMS WAY be worth now?

5 PILGRIMS WAY might now be worth an estimated £480,953.

This is based on house price inflation of 48%, between August 2012 and December 2024, 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 48% inflationary increase is applied to the most recent sale price for 5 PILGRIMS WAY of £325,000 on 3rd August 2012. For the value to have increased from £325,000 to £480,953 over the eleven years and eight months to December 2024, the following assumptions must hold true:

• The value of 5 PILGRIMS WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2012 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PILGRIMS WAY has not materially changed since August 2012.

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 houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morpeth, and where 5 PILGRIMS WAY lies on this distribution: 81% of detached houses 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.