MORWICK HOUSE, BEAL BANK, WARKWORTH, MORPETH, NE65 0TB - £615,000

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

MORWICK HOUSE is a very large extended detached house of 184m², built sometime between 1950 and 1966. It was last sold for £615,000 in December 2021, which was around 116% above the average December 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

MORWICK HOUSE Sold Prices

Land registry data shows two sales for MORWICK HOUSE 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 MORWICK HOUSE 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
2021 20 DEC	£615,000	£284,168	116% above HPI
2004 29 OCT	£380,000	£223,388	70% above HPI

MORWICK 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 two MORWICK HOUSE sales from October 2004 and December 2021 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 2004 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the December 2021 sale, where it rises to 116% above the HPI. The line then continues to track at 116% above the HPI.

How Large is MORWICK HOUSE?

MORWICK HOUSE is 184m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 20% of detached houses in Warkworth, based on EPC data. The below chart shows the distribution of detached houses by size in Warkworth, and where MORWICK HOUSE lies on this distribution: 83% of detached houses are smaller than MORWICK HOUSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Warkworth.

MORWICK HOUSE: Plot and Title Map

MORWICK HOUSE sits on a plot of roughly 0.265 of an acre, or 1,073m². The below map shows the location of MORWICK 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 MORWICK 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 MORWICK HOUSE?

MORWICK HOUSE is located on BEAL BANK in WARKWORTH, in the NE65 postcode district. The below map shows the position of MORWICK HOUSE on BEAL BANK.