THE FIRS, LONGHIRST ROAD, PEGSWOOD, MORPETH, NE61 6XF - £490,000

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

THE FIRS is a very large detached house of 324m², built sometime between 1991 and 1995. It was last sold for £490,000 in August 2016, which was around 93% above the average August 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

THE FIRS Sold Prices

Land registry data shows three sales for THE FIRS 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 THE FIRS 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 19 AUG	£490,000	£253,697	93% above HPI
2008 8 FEB	£475,000	£256,903	85% above HPI
2001 12 DEC	£250,000	£116,335	115% above HPI

THE FIRS 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 THE FIRS sales between December 2001 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 February 2008 sale was for 85% above the HPI. So the extrapolation line tracks at 85% above the HPI over time, until the August 2016 sale, where it rises to 93% above the HPI. The line then continues to track at 93% above the HPI.

How Large is THE FIRS?

THE FIRS is 324m² according to the EPC inspection conducted in April 2011. This puts it in the largest 10% of detached houses in Pegswood, based on EPC data. The below chart shows the distribution of detached houses by size in Pegswood, and where THE FIRS lies on this distribution: More than 99% of detached houses are smaller than THE FIRS, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

THE FIRS: Plot and Title Map

THE FIRS sits on a plot of roughly 0.373 of an acre, or 1,508m². The below map shows the location of THE FIRS, 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 THE FIRS). 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 THE FIRS?

THE FIRS is located on LONGHIRST ROAD in PEGSWOOD, in the NE61 postcode district. The below map shows the position of THE FIRS on LONGHIRST ROAD.