STABLE COTTAGE, DOGGER BANK, MORPETH, NE61 1RE - £155,000

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

STABLE COTTAGE is a very small extended detached house of 55m², built sometime between 2003 and 2006. It was last sold for £155,000 in July 2020, which was around 41% below the average July 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

STABLE COTTAGE Sold Prices

Land registry data shows three sales for STABLE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three STABLE COTTAGE 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
2020 16 JUL	£155,000	£261,110	41% below HPI
2012 6 FEB	£128,500	£222,277	42% below HPI
2006 7 JUL	£119,995	£241,889	50% below HPI

STABLE COTTAGE 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 three STABLE COTTAGE sales between July 2006 and July 2020 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 February 2012 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2020 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is STABLE COTTAGE?

STABLE COTTAGE is 55m², which includes one extension, according to the EPC inspection conducted in March 2020. 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 STABLE COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than STABLE COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

STABLE COTTAGE: Plot and Title Map

STABLE COTTAGE sits on a plot of roughly 0.027 of an acre, or 110m². The below map shows the location of STABLE COTTAGE, 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 STABLE COTTAGE). 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 STABLE COTTAGE?

STABLE COTTAGE is located on DOGGER BANK in MORPETH, in the NE61 postcode district. The below map shows the position of STABLE COTTAGE on DOGGER BANK.