RED ROOFS, ELLINGTON, MORPETH, NE61 5JG - £58,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

RED ROOFS is a large extended detached house of 126m², built sometime between 1950 and 1966. It was last sold for £58,000 in June 1997, which was around 34% below the average June 1997 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2023, where the current energy rating was E, and the potential energy rating was C.

RED ROOFS Sold Prices

Land registry data shows two sales for RED ROOFS 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 RED ROOFS sales were 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
1997 27 JUN	£58,000	£88,039	34% below HPI
1996 23 DEC	£56,700	£82,280	31% below HPI

RED ROOFS 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 RED ROOFS sales from December 1996 and June 1997 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 1996 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 1997 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is RED ROOFS?

RED ROOFS is 126m², which includes four extensions, according to the EPC inspection conducted in April 2023. This puts it in the largest 40% of detached houses in Ellington, based on EPC data. The below chart shows the distribution of detached houses by size in Ellington, and where RED ROOFS lies on this distribution: 66% of detached houses are smaller than RED ROOFS, and 31% of houses are larger. Note that EPC data is not available for all properties in Ellington.

RED ROOFS: Plot and Title Map

RED ROOFS sits on a plot of roughly 483.0 acres, or 1,954,563m². The below map shows the location of RED ROOFS, 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 RED ROOFS). 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 RED ROOFS?

RED ROOFS is located in ELLINGTON, in the NE61 postcode district. The below map shows the position of RED ROOFS in ELLINGTON.