7, TAILOR WAY, MORPETH, NE61 2ZJ - £230,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 TAILOR WAY is a very small detached house of 77m². It was last sold for £230,000 in August 2022, which was around 28% below the average August 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2019, where the current energy rating was B, and the potential energy rating was A.

7 TAILOR WAY Sold Prices

Land registry data shows two sales for 7 TAILOR 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 7 TAILOR WAY 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
2022 15 AUG	£230,000	£317,779	28% below HPI
2019 13 DEC	£194,995	£253,517	23% below HPI

7 TAILOR 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 7 TAILOR WAY sales from December 2019 and August 2022 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 December 2019 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2022 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 7 TAILOR WAY?

7 TAILOR WAY is 77m² according to the EPC inspection conducted in November 2019. 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 7 TAILOR WAY lies on this distribution: 7% of detached houses are smaller than 7 TAILOR WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

7 TAILOR WAY: Plot and Title Map

7 TAILOR WAY sits on a plot of roughly 0.044 of an acre, or 176m². The below map shows the location of 7 TAILOR 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 TAILOR 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 TAILOR WAY?

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