POSTERN HOUSE, SPELVIT LANE, MORPETH, NE61 2PR - £550,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

POSTERN HOUSE is a very large extended detached house of 192m², built sometime between 1930 and 1949, which could now be worth an estimated £798,080. It was last sold for £550,000 in October 2009, which was around 122% 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.

POSTERN HOUSE Sold Prices

Land registry data shows two sales for POSTERN 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 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	£247,950	122% above HPI
1995 1 DEC	£176,000	£82,015	115% above HPI

POSTERN 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 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 115% above the HPI. So the extrapolation line tracks at 115% above the HPI over time, until the October 2009 sale, where it rises to 122% above the HPI. The line then continues to track at 122% above the HPI.

What might POSTERN HOUSE be worth now?

POSTERN HOUSE might now be worth an estimated £798,080.

This is based on house price inflation of 45.1%, between October 2009 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45.1% inflationary increase is applied to the most recent sale price for POSTERN HOUSE of £550,000 on 30th October 2009. For the value to have increased from £550,000 to £798,080 over the sixteen years and eight months to February 2025, the following assumptions must hold true:

• The value of POSTERN HOUSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The October 2009 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of POSTERN HOUSE has not materially changed since October 2009.

How Large is POSTERN HOUSE?

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 houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morpeth, and where POSTERN HOUSE lies on this distribution: 84% of detached houses 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: Plot and Title Map

POSTERN HOUSE sits on a plot of roughly 0.470 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.

Where is POSTERN HOUSE?

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.