13, TAILOR WAY, MORPETH, NE61 2ZJ - £160,000

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.

13 TAILOR WAY is a very small terraced house of 57m², built in 2018, which could now be worth an estimated £179,407. It was last sold for £160,000 in June 2024, which was around 6% above the average June 2024 terraced price in the Northumberland local authority area. The most recent EPC inspection was November 2019, where the current energy rating was B, and the potential energy rating was A.

13 TAILOR WAY Sold Prices

Land registry data shows three sales for 13 TAILOR WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. All of the three 13 TAILOR 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
2024 20 JUN	£160,000	£150,577	6% above HPI
2022 10 FEB	£156,000	£137,444	14% above HPI
2020 26 JUN	£139,995	£118,092	19% above HPI

13 TAILOR WAY 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 three 13 TAILOR WAY sales between June 2020 and June 2024 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 February 2022 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the June 2024 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 13 TAILOR WAY be worth now?

13 TAILOR WAY might now be worth an estimated £179,407.

This is based on house price inflation of 12.1%, between June 2024 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 12.1% inflationary increase is applied to the most recent sale price for 13 TAILOR WAY of £160,000 on 20th June 2024. For the value to have increased from £160,000 to £179,407 over the two years and one month to May 2026, the following assumptions must hold true:

• The value of 13 TAILOR WAY has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The June 2024 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 13 TAILOR WAY has not materially changed since June 2024.

How Large is 13 TAILOR WAY?

13 TAILOR WAY is 57m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% 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 13 TAILOR WAY lies on this distribution: 1% of terraced houses houses are smaller than 13 TAILOR WAY, and 99% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

13 TAILOR WAY: Plot and Title Map

13 TAILOR WAY sits on a plot of roughly 0.030 of an acre, or 123m². The below map shows the location of 13 TAILOR 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 13 TAILOR 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 13 TAILOR WAY?

13 TAILOR WAY is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 13 on TAILOR WAY.