THE RIGGS, MAIN STREET, FELTON, MORPETH, NE65 9PN - £406,500

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 RIGGS is a very large detached house of 202m², built sometime between 1976 and 1982. It was last sold for £406,500 in November 2015, which was around 65% above the average November 2015 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was C.

THE RIGGS Sold Prices

Land registry data shows four sales for THE RIGGS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the four THE RIGGS 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
2015 30 NOV	£406,500	£246,479	65% above HPI
2009 1 MAY	£316,500	£222,169	42% above HPI
2004 5 FEB	£285,000	£182,271	56% above HPI
1999 29 OCT	£135,000	£97,743	38% above HPI

THE RIGGS 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 four THE RIGGS sales between October 1999 and November 2015 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 May 2009 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the November 2015 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is THE RIGGS?

THE RIGGS is 202m² according to the EPC inspection conducted in September 2015. This puts it in the largest 10% of detached houses in Felton, based on EPC data. The below chart shows the distribution of detached houses by size in Felton, and where THE RIGGS lies on this distribution: 98% of detached houses are smaller than THE RIGGS, and 2% of houses are larger. Note that EPC data is not available for all properties in Felton.

THE RIGGS: Plot and Title Map

THE RIGGS sits on a plot of roughly 0.305 of an acre, or 1,233m². The below map shows the location of THE RIGGS, 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 RIGGS). 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 RIGGS?

THE RIGGS is located on MAIN STREET in FELTON, in the NE65 postcode district. The below map shows the position of THE RIGGS on MAIN STREET.