WELLBANK, VICTORIA VILLAS, AMBLE, MORPETH, NE65 0LQ - £460,000

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

WELLBANK is a very large detached house of 140m², built sometime between 1991 and 1995. It was last sold for £460,000 in October 2021, which was around 58% above the average October 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was B.

WELLBANK Sold Prices

Land registry data shows two sales for WELLBANK 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 WELLBANK 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
2021 4 OCT	£460,000	£290,924	58% above HPI
2018 20 NOV	£332,000	£257,827	29% above HPI

WELLBANK 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 WELLBANK sales from November 2018 and October 2021 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 2018 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the October 2021 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is WELLBANK?

WELLBANK is 140m² according to the EPC inspection conducted in September 2018. This puts it in the largest 20% of detached houses in Amble, based on EPC data. The below chart shows the distribution of detached houses by size in Amble, and where WELLBANK lies on this distribution: 86% of detached houses are smaller than WELLBANK, and 14% of houses are larger. Note that EPC data is not available for all properties in Amble.

WELLBANK: Plot and Title Map

WELLBANK sits on a plot of roughly 0.326 of an acre, or 1,320m². The below map shows the location of WELLBANK, 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 WELLBANK). 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 WELLBANK?

WELLBANK is located on VICTORIA VILLAS in AMBLE, in the NE65 postcode district. The below map shows the position of WELLBANK on VICTORIA VILLAS.