17, SPELVIT LANE, MORPETH, NE61 2RD - £120,000

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.

17 SPELVIT LANE is a very small terraced house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £151,674. It was last sold for £120,000 in March 2021, which was around 10% below the average March 2021 terraced price in the Northumberland local authority area. The most recent EPC inspection was December 2019, where the current energy rating was C, and the potential energy rating was B.

17 SPELVIT LANE Sold Prices

Land registry data shows two sales for 17 SPELVIT LANE 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 17 SPELVIT LANE sales were for below 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 17 MAR	£120,000	£133,582	10% below HPI
2010 24 FEB	£110,000	£113,014	3% below HPI

17 SPELVIT LANE 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 17 SPELVIT LANE sales from February 2010 and March 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 February 2010 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the March 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 17 SPELVIT LANE be worth now?

17 SPELVIT LANE might now be worth an estimated £151,674.

This is based on house price inflation of 26.4%, between March 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 26.4% inflationary increase is applied to the most recent sale price for 17 SPELVIT LANE of £120,000 on 17th March 2021. For the value to have increased from £120,000 to £151,674 over the four years and ten months to May 2026, the following assumptions must hold true:

• The value of 17 SPELVIT LANE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The March 2021 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 17 SPELVIT LANE has not materially changed since March 2021.

How Large is 17 SPELVIT LANE?

17 SPELVIT LANE is 83m² according to the EPC inspection conducted in December 2019. 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 17 SPELVIT LANE lies on this distribution: 12% of terraced houses houses are smaller than 17 SPELVIT LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

17 SPELVIT LANE: Plot and Title Map

17 SPELVIT LANE sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 17 SPELVIT LANE, 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 17 SPELVIT LANE). 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 17 SPELVIT LANE?

17 SPELVIT LANE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 17 on SPELVIT LANE.