8, FALCON HILL, MORPETH, NE61 2YG - £248,000

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 FALCON HILL is a midsized extended detached house of 130m², built sometime between 1967 and 1975. It was last sold for £248,000 in July 2014, which was around 6% above the average July 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

8 FALCON HILL Sold Prices

Land registry data shows two sales for 8 FALCON HILL 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 FALCON HILL 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
2014 11 JUL	£248,000	£233,984	6% above HPI
1997 17 NOV	£108,000	£87,543	23% above HPI

8 FALCON HILL 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 FALCON HILL sales from November 1997 and July 2014 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 November 1997 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the July 2014 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is 8 FALCON HILL?

8 FALCON HILL is 130m², which includes two extensions, according to the EPC inspection conducted in March 2012. This puts it in the largest 50% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 8 FALCON HILL lies on this distribution: 51% of detached houses are smaller than 8 FALCON HILL, and 49% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

8 FALCON HILL: Plot and Title Map

8 FALCON HILL sits on a plot of roughly 0.065 of an acre, or 263m². The below map shows the location of 8 FALCON HILL, 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 FALCON HILL). 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 FALCON HILL?

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