8, NORHAM DRIVE, MORPETH, NE61 2XA - £318,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

8 NORHAM DRIVE is a midsized detached house of 123m², built sometime between 1996 and 2002. It was last sold for £318,000 in March 2015, which was around 36% above the average March 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was B.

8 NORHAM DRIVE Sold Prices

Land registry data shows three sales for 8 NORHAM DRIVE 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 8 NORHAM DRIVE 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
2015 26 MAR	£318,000	£233,586	36% above HPI
2013 8 MAR	£280,000	£219,073	28% above HPI
1996 15 AUG	£114,700	£85,675	34% above HPI

8 NORHAM DRIVE 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 8 NORHAM DRIVE sales between August 1996 and March 2015 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 March 2013 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the March 2015 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is 8 NORHAM DRIVE?

8 NORHAM DRIVE is 123m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 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 NORHAM DRIVE lies on this distribution: 45% of detached houses are smaller than 8 NORHAM DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

8 NORHAM DRIVE: Plot and Title Map

8 NORHAM DRIVE sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 8 NORHAM DRIVE, 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 NORHAM DRIVE). 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 NORHAM DRIVE?

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