2, BANKSIDE, MORPETH, NE61 1XD - £430,000

2 BANKSIDE is a very large extended detached house of 188m², built sometime between 1967 and 1975. It was last sold for £430,000 in October 2020, which was around 54% above the average October 2020 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 C.

2 BANKSIDE Sold Prices

Land registry data shows three sales for 2 BANKSIDE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. All of the three 2 BANKSIDE 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
2020 20 OCT	£430,000	£279,307	54% above HPI
2004 3 SEP	£286,000	£219,206	30% above HPI
1998 25 SEP	£145,000	£93,862	54% above HPI

2 BANKSIDE 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 three 2 BANKSIDE sales between September 1998 and October 2020 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 2004 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the October 2020 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is 2 BANKSIDE?

2 BANKSIDE is 188m², which includes three extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 20% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 2 BANKSIDE lies on this distribution: 82% of detached houses are smaller than 2 BANKSIDE, and 18% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 BANKSIDE: Plot and Title Map

2 BANKSIDE sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of 2 BANKSIDE, 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 2 BANKSIDE). 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 2 BANKSIDE?

2 BANKSIDE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 2 on BANKSIDE.