52, SPELVIT LANE, MORPETH, NE61 2AB - £275,000

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

52 SPELVIT LANE is a very small extended detached house of 68m², built sometime between 1950 and 1966. It was last sold for £275,000 in August 2024, which was around 22% below the average August 2024 detached price in the Northumberland local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

52 SPELVIT LANE Sold Prices

Land registry data shows three sales for 52 SPELVIT LANE 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 52 SPELVIT LANE 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 30 AUG	£275,000	£352,033	22% below HPI
2022 7 OCT	£260,000	£327,541	21% below HPI
2012 12 JUL	£125,000	£228,477	45% below HPI

52 SPELVIT LANE 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 52 SPELVIT LANE sales between July 2012 and August 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 October 2022 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2024 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 52 SPELVIT LANE?

52 SPELVIT LANE is 68m², which includes two extensions, according to the EPC inspection conducted in December 2014. 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 52 SPELVIT LANE lies on this distribution: 3% of detached houses are smaller than 52 SPELVIT LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

52 SPELVIT LANE: Plot and Title Map

52 SPELVIT LANE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 52 SPELVIT LANE, 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 52 SPELVIT LANE). 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 52 SPELVIT LANE?

52 SPELVIT LANE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 52 on SPELVIT LANE.