7, EGLINGHAM WAY, MORPETH, NE61 2XG - £388,000

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

7 EGLINGHAM WAY is a large extended detached house of 145m², built sometime between 1996 and 2002. It was last sold for £388,000 in February 2021, which was around 37% above the average February 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

7 EGLINGHAM WAY Sold Prices

Land registry data shows three sales for 7 EGLINGHAM WAY 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 7 EGLINGHAM 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
2021 1 FEB	£388,000	£283,940	37% above HPI
2006 6 OCT	£355,000	£248,117	43% above HPI
2001 3 AUG	£173,500	£114,093	52% above HPI

7 EGLINGHAM 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 three 7 EGLINGHAM WAY sales between August 2001 and February 2021 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 2006 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the February 2021 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

How Large is 7 EGLINGHAM WAY?

7 EGLINGHAM WAY is 145m², which includes two extensions, according to the EPC inspection conducted in March 2019. This puts it in the largest 40% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 7 EGLINGHAM WAY lies on this distribution: 62% of detached houses are smaller than 7 EGLINGHAM WAY, and 38% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

7 EGLINGHAM WAY: Plot and Title Map

7 EGLINGHAM WAY sits on a plot of roughly 0.102 of an acre, or 415m². The below map shows the location of 7 EGLINGHAM 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 7 EGLINGHAM 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 7 EGLINGHAM WAY?

7 EGLINGHAM WAY is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 7 on EGLINGHAM WAY.