NORTH LODGE, SOUTHGATE WOOD, MORPETH, NE61 2EB - £338,500

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

NORTH LODGE is a very small extended detached house of 76m², built sometime before 1900. It was last sold for £338,500 in December 2023, which was around 5% above the average December 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

NORTH LODGE Sold Prices

Land registry data shows two sales for NORTH LODGE 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. One of the two NORTH LODGE sales was for above the average price, whilst the other was 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
2023 8 DEC	£338,500	£323,436	5% above HPI
2003 23 DEC	£165,500	£186,774	11% below HPI

NORTH LODGE 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 NORTH LODGE sales from December 2003 and December 2023 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 December 2003 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2023 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is NORTH LODGE?

NORTH LODGE is 76m², which includes one extension, according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where NORTH LODGE lies on this distribution: 6% of detached houses are smaller than NORTH LODGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

NORTH LODGE: Plot and Title Map

NORTH LODGE sits on a plot of roughly 0.099 of an acre, or 400m². The below map shows the location of NORTH LODGE, 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 NORTH LODGE). 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 NORTH LODGE?

NORTH LODGE is located on SOUTHGATE WOOD in MORPETH, in the NE61 postcode district. The below map shows the position of NORTH LODGE on SOUTHGATE WOOD.