1, THE BUTTS, WARKWORTH, MORPETH, NE65 0SS - £251,500

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 THE BUTTS is a very small extended semi-detached house of 63m², built sometime before 1900, which could now be worth an estimated £338,544. It was last sold for £251,500 in June 2019, which was around 79% above the average June 2019 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

1 THE BUTTS Sold Prices

Land registry data shows three sales for 1 THE BUTTS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. All of the three 1 THE BUTTS 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 14 JUN	£251,500	£140,287	79% above HPI
1996 6 DEC	£55,000	£43,822	26% above HPI
1995 29 SEP	£44,000	£42,635	3% above HPI

1 THE BUTTS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Northumberland local authority area over time, sourced from the HPI. The three 1 THE BUTTS sales between September 1995 and June 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 December 1996 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the June 2019 sale, where it rises to 79% above the HPI. The line then continues to track at 79% above the HPI.

What might 1 THE BUTTS be worth now?

1 THE BUTTS might now be worth an estimated £338,544.

This is based on house price inflation of 34.6%, between June 2019 and June 2025, for semi-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 34.6% inflationary increase is applied to the most recent sale price for 1 THE BUTTS of £251,500 on 14th June 2019. For the value to have increased from £251,500 to £338,544 over the six years to June 2025, the following assumptions must hold true:

• The value of 1 THE BUTTS has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The June 2019 sale price of £251,500 represented a fair market value for the property.
• The size, condition, and specification of 1 THE BUTTS has not materially changed since June 2019.

How Large is 1 THE BUTTS?

1 THE BUTTS is 63m², which includes three extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of semi-detached houses houses in Warkworth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Warkworth, and where 1 THE BUTTS lies on this distribution: 1% of semi-detached houses houses are smaller than 1 THE BUTTS, and 99% of houses are larger. Note that EPC data is not available for all properties in Warkworth.

1 THE BUTTS: Plot and Title Map

1 THE BUTTS sits on a plot of roughly 0.019 of an acre, or 76m². The below map shows the location of 1 THE BUTTS, 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 THE BUTTS). 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 THE BUTTS?

1 THE BUTTS is located in WARKWORTH, in the NE65 postcode district. The below map shows the position of No. 1 on THE BUTTS.