12, RENNINGTON CLOSE, MORPETH, NE61 2TQ - £274,800

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.

12 RENNINGTON CLOSE is a very small extended terraced house of 87m², built sometime between 1983 and 1990, which could now be worth an estimated £347,183. It was last sold for £274,800 in May 2021, which was around 106% above the average May 2021 terraced price in the Northumberland local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

12 RENNINGTON CLOSE Sold Prices

Land registry data shows two sales for 12 RENNINGTON CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. Both of the two 12 RENNINGTON CLOSE 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 19 MAY	£274,800	£133,640	106% above HPI
2010 10 SEP	£179,000	£115,960	54% above HPI

12 RENNINGTON CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Northumberland local authority area over time, sourced from the HPI. The two 12 RENNINGTON CLOSE sales from September 2010 and May 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 September 2010 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the May 2021 sale, where it rises to 106% above the HPI. The line then continues to track at 106% above the HPI.

What might 12 RENNINGTON CLOSE be worth now?

12 RENNINGTON CLOSE might now be worth an estimated £347,183.

This is based on house price inflation of 26.3%, between May 2021 and May 2026, for terraced 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 26.3% inflationary increase is applied to the most recent sale price for 12 RENNINGTON CLOSE of £274,800 on 19th May 2021. For the value to have increased from £274,800 to £347,183 over the five years to May 2026, the following assumptions must hold true:

• The value of 12 RENNINGTON CLOSE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The May 2021 sale price of £274,800 represented a fair market value for the property.
• The size, condition, and specification of 12 RENNINGTON CLOSE has not materially changed since May 2021.

How Large is 12 RENNINGTON CLOSE?

12 RENNINGTON CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of terraced houses houses in Morpeth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Morpeth, and where 12 RENNINGTON CLOSE lies on this distribution: 13% of terraced houses houses are smaller than 12 RENNINGTON CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

12 RENNINGTON CLOSE: Plot and Title Map

12 RENNINGTON CLOSE sits on a plot of roughly 0.070 of an acre, or 282m². The below map shows the location of 12 RENNINGTON CLOSE, 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 12 RENNINGTON CLOSE). 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 12 RENNINGTON CLOSE?

12 RENNINGTON CLOSE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 12 on RENNINGTON CLOSE.