THE GABLES, FAIRMOOR, MORPETH, NE61 3JL - £450,000

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

THE GABLES is a very large extended detached house of 192m², built sometime between 1983 and 1990. It was last sold for £450,000 in November 2019, which was around 77% above the average November 2019 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was C.

THE GABLES Sold Prices

Land registry data shows three sales for THE GABLES 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 GABLES 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
2019 29 NOV	£450,000	£254,611	77% above HPI
2013 27 JUN	£400,000	£226,469	77% above HPI
1997 13 JUN	£187,500	£88,039	113% above HPI

THE GABLES 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 GABLES sales between June 1997 and November 2019 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 June 2013 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the November 2019 sale, which was also at 77% above the HPI.

How Large is THE GABLES?

THE GABLES is 192m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the largest 20% of detached houses in Fair Moor, based on EPC data. The below chart shows the distribution of detached houses by size in Fair Moor, and where THE GABLES lies on this distribution: 88% of detached houses are smaller than THE GABLES, and 12% of houses are larger. Note that EPC data is not available for all properties in Fair Moor.

THE GABLES: Plot and Title Map

THE GABLES sits on a plot of roughly 0.473 of an acre, or 1,913m². The below map shows the location of THE GABLES, 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 GABLES). 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 GABLES?

THE GABLES is located on FAIRMOOR in MORPETH, in the NE61 postcode district. The below map shows the position of THE GABLES on FAIRMOOR.