2, GREEN CLOSE, STANNINGTON, MORPETH, NE61 6PE - £215,000

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.

2 GREEN CLOSE is a very small detached house of 86m², built sometime between 1983 and 1990, which could now be worth an estimated £301,712. It was last sold for £215,000 in August 2016, which was around 18% below the average August 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was B.

2 GREEN CLOSE Sold Prices

Land registry data shows three sales for 2 GREEN CLOSE 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. One of the three 2 GREEN CLOSE sales was for below the average price, whilst two 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
2016 23 AUG	£215,000	£261,858	18% below HPI
2000 12 MAY	£118,000	£105,945	11% above HPI
1997 4 AUG	£116,000	£91,815	26% above HPI

2 GREEN CLOSE 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 GREEN CLOSE sales between August 1997 and August 2016 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 May 2000 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2016 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 2 GREEN CLOSE be worth now?

2 GREEN CLOSE might now be worth an estimated £301,712.

This is based on house price inflation of 40.3%, between August 2016 and May 2026, for 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 40.3% inflationary increase is applied to the most recent sale price for 2 GREEN CLOSE of £215,000 on 23rd August 2016. For the value to have increased from £215,000 to £301,712 over the ten years and three months to May 2026, the following assumptions must hold true:

• The value of 2 GREEN CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The August 2016 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GREEN CLOSE has not materially changed since August 2016.

How Large is 2 GREEN CLOSE?

2 GREEN CLOSE is 86m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 10% of detached houses houses in Stannington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stannington, and where 2 GREEN CLOSE lies on this distribution: 3% of detached houses houses are smaller than 2 GREEN CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Stannington.

2 GREEN CLOSE: Plot and Title Map

2 GREEN CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 2 GREEN 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 2 GREEN 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 2 GREEN CLOSE?

2 GREEN CLOSE is located in STANNINGTON, in the NE61 postcode district. The below map shows the position of No. 2 on GREEN CLOSE.