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
POSTERN HOUSE is a very large extended detached house of 192m², built sometime between 1930 and 1949. It was last sold for £550,000 in October 2009, which was around 129% above the average October 2009 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2009, where the current energy rating was E, and the potential energy rating was D.
Land registry data shows two sales for POSTERN HOUSE since 1st 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 POSTERN 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 |
---|---|---|---|
2009 30 OCT | £550,000 | £240,223 | 129% above HPI |
1995 1 DEC | £176,000 | £79,459 | 121% above HPI |
The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two POSTERN HOUSE sales from December 1995 and October 2009 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 1995 sale was for 121% above the HPI. So the extrapolation line tracks at 121% above the HPI over time, until the October 2009 sale, where it rises to 129% above the HPI. The line then continues to track at 129% above the HPI.
POSTERN HOUSE is 192m², which includes one extension, according to the EPC inspection conducted in February 2009. This puts it in the largest 20% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where POSTERN HOUSE lies on this distribution: 84% of detached houses are smaller than POSTERN HOUSE, and 16% of houses are larger. Note that EPC data is not available for all properties in Morpeth.
POSTERN HOUSE sits on a plot of roughly 0.469 of an acre, or 1,900m². The below map shows the location of POSTERN 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 POSTERN 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.
POSTERN HOUSE is located on SPELVIT LANE in MORPETH, in the NE61 postcode district. The below map shows the position of POSTERN HOUSE on SPELVIT LANE.