BELMONT HOUSE, PEGSWOOD VILLAGE, PEGSWOOD, MORPETH, NE61 6RE - £140,000

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

BELMONT HOUSE is a small detached house of 87m², built sometime between 1930 and 1949. It was last sold for £140,000 in March 2017, which was around 43% below the average March 2017 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was B.

BELMONT HOUSE Sold Prices

Land registry data shows four sales for BELMONT HOUSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four BELMONT HOUSE 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
2017 10 MAR	£140,000	£247,059	43% below HPI
2016 30 SEP	£150,000	£253,705	41% below HPI
2007 20 MAR	£160,000	£245,405	35% below HPI
1997 20 MAR	£45,000	£84,788	47% below HPI

BELMONT HOUSE 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 four BELMONT HOUSE sales between March 1997 and March 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 September 2016 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the March 2017 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

How Large is BELMONT HOUSE?

BELMONT HOUSE is 87m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 30% of detached houses in Pegswood, based on EPC data. The below chart shows the distribution of detached houses by size in Pegswood, and where BELMONT HOUSE lies on this distribution: 28% of detached houses are smaller than BELMONT HOUSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

BELMONT HOUSE: Plot and Title Map

BELMONT HOUSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of BELMONT HOUSE, 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 BELMONT HOUSE). 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 BELMONT HOUSE?

BELMONT HOUSE is located on PEGSWOOD VILLAGE in PEGSWOOD, in the NE61 postcode district. The below map shows the position of BELMONT HOUSE on PEGSWOOD VILLAGE.