THE PELE, THROPTON, MORPETH, NE65 7LT - £380,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE PELE is a very large extended detached house of 218m², built sometime before 1900, which could now be worth an estimated £505,079. It was last sold for £380,000 in August 2018, which was around 40% above the average August 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was D.

THE PELE Sold Prices

Land registry data shows two sales for THE PELE 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 THE PELE 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
2018 30 AUG	£380,000	£270,690	40% above HPI
1997 14 NOV	£225,000	£90,359	149% above HPI

THE PELE 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 THE PELE sales from November 1997 and August 2018 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 November 1997 sale was for 149% above the HPI. So the extrapolation line tracks at 149% above the HPI over time, until the August 2018 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might THE PELE be worth now?

THE PELE might now be worth an estimated £505,079.

This is based on house price inflation of 32.9%, between August 2018 and February 2025, for detached houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.9% inflationary increase is applied to the most recent sale price for THE PELE of £380,000 on 30th August 2018. For the value to have increased from £380,000 to £505,079 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of THE PELE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2018 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of THE PELE has not materially changed since August 2018.

How Large is THE PELE?

THE PELE is 218m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 20% of detached houses houses in Thropton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thropton, and where THE PELE lies on this distribution: 84% of detached houses houses are smaller than THE PELE, and 16% of houses are larger. Note that EPC data is not available for all properties in Thropton.

THE PELE: Plot and Title Map

THE PELE sits on a plot of roughly 0.216 of an acre, or 875m². The below map shows the location of THE PELE, 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 PELE). 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 PELE?

THE PELE is located in THROPTON, in the NE65 postcode district. The below map shows the position of THE PELE in THROPTON.