8, CHERRY CLOSE, MORPETH, NE61 3FD - £415,000

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

8 CHERRY CLOSE is a large detached house of 167m². It was last sold for £415,000 in May 2021, which was around 46% above the average May 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2016, where the current energy rating was B, and the potential energy rating was A.

8 CHERRY CLOSE Sold Prices

Land registry data shows two sales for 8 CHERRY CLOSE 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 8 CHERRY CLOSE 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 28 MAY	£415,000	£283,349	46% above HPI
2016 1 JUL	£393,995	£248,789	58% above HPI

8 CHERRY CLOSE 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 8 CHERRY CLOSE sales from July 2016 and May 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 July 2016 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the May 2021 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 8 CHERRY CLOSE?

8 CHERRY CLOSE is 167m² according to the EPC inspection conducted in May 2016. This puts it in the largest 20% of detached houses in Fair Moor, based on EPC data. The below chart shows the distribution of detached houses by size in Fair Moor, and where 8 CHERRY CLOSE lies on this distribution: 80% of detached houses are smaller than 8 CHERRY CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Fair Moor.

8 CHERRY CLOSE: Plot and Title Map

8 CHERRY CLOSE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 8 CHERRY CLOSE, 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 8 CHERRY CLOSE). 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 8 CHERRY CLOSE?

8 CHERRY CLOSE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 8 on CHERRY CLOSE.