1, COOPER WAY, MORPETH, NE61 2ZP - £355,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 COOPER WAY is a small detached house of 113m², built in 2016, which could now be worth an estimated £410,642. It was last sold for £355,000 in July 2022, which was around 12% above the average July 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2018, where the current energy rating was B, and the potential energy rating was A.

1 COOPER WAY Sold Prices

Land registry data shows two sales for 1 COOPER WAY 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 1 COOPER WAY 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
2022 20 JUL	£355,000	£317,676	12% above HPI
2019 22 MAR	£289,995	£257,827	12% above HPI

1 COOPER WAY 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 1 COOPER WAY sales from March 2019 and July 2022 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 March 2019 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the July 2022 sale, which was also at 12% above the HPI.

What might 1 COOPER WAY be worth now?

1 COOPER WAY might now be worth an estimated £410,642.

This is based on house price inflation of 15.7%, between July 2022 and May 2026, 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 15.7% inflationary increase is applied to the most recent sale price for 1 COOPER WAY of £355,000 on 20th July 2022. For the value to have increased from £355,000 to £410,642 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 1 COOPER WAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2022 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 1 COOPER WAY has not materially changed since July 2022.

How Large is 1 COOPER WAY?

1 COOPER WAY is 113m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 40% of detached houses houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morpeth, and where 1 COOPER WAY lies on this distribution: 34% of detached houses houses are smaller than 1 COOPER WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

1 COOPER WAY: Plot and Title Map

1 COOPER WAY sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 1 COOPER WAY, 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 1 COOPER WAY). 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 1 COOPER WAY?

1 COOPER WAY is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 1 on COOPER WAY.