EAST FARM, PEGSWOOD VILLAGE, PEGSWOOD, MORPETH, NE61 6TX - £380,000

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

EAST FARM is a very large detached house of 164m², built sometime before 1900. It was last sold for £380,000 in September 2022, which was around 17% above the average September 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was B.

EAST FARM Sold Prices

Land registry data shows two sales for EAST FARM 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 EAST FARM 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
2022 12 SEP	£380,000	£325,457	17% above HPI
2015 2 OCT	£500,000	£250,162	100% above HPI

EAST FARM 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 EAST FARM sales from October 2015 and September 2022 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 October 2015 sale was for 100% above the HPI. So the extrapolation line tracks at 100% above the HPI over time, until the September 2022 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is EAST FARM?

EAST FARM is 164m² according to the EPC inspection conducted in March 2014. This puts it in the largest 10% of detached houses in Pegswood, based on EPC data. The below chart shows the distribution of detached houses by size in Pegswood, and where EAST FARM lies on this distribution: 95% of detached houses are smaller than EAST FARM, and 5% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

EAST FARM: Plot and Title Map

EAST FARM sits on a plot of roughly 0.313 of an acre, or 1,268m². The below map shows the location of EAST FARM, 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 EAST FARM). 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 EAST FARM?

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