8, MARDEN CLOSE, MORPETH, NE61 2XS - £265,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 MARDEN CLOSE is a midsized extended detached house of 121m², built sometime between 1976 and 1982, which could now be worth an estimated £373,402. It was last sold for £265,000 in February 2017, which was around 4% above the average February 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

8 MARDEN CLOSE Sold Prices

Land registry data shows two sales for 8 MARDEN 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 MARDEN 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
2017 24 FEB	£265,000	£255,339	4% above HPI
2004 5 FEB	£220,000	£188,134	17% above HPI

8 MARDEN 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 MARDEN CLOSE sales from February 2004 and February 2017 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 February 2004 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the February 2017 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 8 MARDEN CLOSE be worth now?

8 MARDEN CLOSE might now be worth an estimated £373,402.

This is based on house price inflation of 40.9%, between February 2017 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.9% inflationary increase is applied to the most recent sale price for 8 MARDEN CLOSE of £265,000 on 24th February 2017. For the value to have increased from £265,000 to £373,402 over the eight years to February 2025, the following assumptions must hold true:

• The value of 8 MARDEN CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2017 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 8 MARDEN CLOSE has not materially changed since February 2017.

How Large is 8 MARDEN CLOSE?

8 MARDEN CLOSE is 121m², which includes two extensions, according to the EPC inspection conducted in September 2016. This puts it in the smallest 50% of detached houses houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morpeth, and where 8 MARDEN CLOSE lies on this distribution: 42% of detached houses houses are smaller than 8 MARDEN CLOSE, and 56% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

8 MARDEN CLOSE: Plot and Title Map

8 MARDEN CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 8 MARDEN 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 MARDEN 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 MARDEN CLOSE?

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