RESTALRIG, PHYSIC LANE, THROPTON, MORPETH, NE65 7HU - £330,000

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

RESTALRIG is a midsized extended detached house of 147m², built sometime between 1950 and 1966. It was last sold for £330,000 in August 2016, which was around 30% above the average August 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was C.

RESTALRIG Sold Prices

Land registry data shows two sales for RESTALRIG 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 RESTALRIG 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
2016 15 AUG	£330,000	£253,697	30% above HPI
1999 16 APR	£120,000	£90,776	32% above HPI

RESTALRIG 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 RESTALRIG sales from April 1999 and August 2016 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 April 1999 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the August 2016 sale, where it falls to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is RESTALRIG?

RESTALRIG is 147m², which includes two extensions, according to the EPC inspection conducted in August 2011. This puts it in the smallest 50% of detached houses in Thropton, based on EPC data. The below chart shows the distribution of detached houses by size in Thropton, and where RESTALRIG lies on this distribution: 49% of detached houses are smaller than RESTALRIG, and 51% of houses are larger. Note that EPC data is not available for all properties in Thropton.

RESTALRIG: Plot and Title Map

RESTALRIG sits on a plot of roughly 0.376 of an acre, or 1,522m². The below map shows the location of RESTALRIG, 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 RESTALRIG). 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 RESTALRIG?

RESTALRIG is located on PHYSIC LANE in THROPTON, in the NE65 postcode district. The below map shows the position of RESTALRIG on PHYSIC LANE.