2, QUEENSWAY, MORPETH, NE61 2BG - £305,000

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 QUEENSWAY is a midsized extended detached house of 136m², built sometime between 1967 and 1975, which could now be worth an estimated £462,762. It was last sold for £305,000 in February 2014, which was around 29% above the average February 2014 detached price in the Northumberland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

2 QUEENSWAY Sold Prices

Land registry data shows two sales for 2 QUEENSWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. One of the two 2 QUEENSWAY sales was for above the average price, whilst the other was roughly equal to 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
2014 18 FEB	£305,000	£237,047	29% above HPI
2005 3 JUN	£230,000	£230,835	Close to HPI

2 QUEENSWAY 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 two 2 QUEENSWAY sales from June 2005 and February 2014 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 June 2005 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2014 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 2 QUEENSWAY be worth now?

2 QUEENSWAY might now be worth an estimated £462,762.

This is based on house price inflation of 51.7%, between February 2014 and April 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 51.7% inflationary increase is applied to the most recent sale price for 2 QUEENSWAY of £305,000 on 18th February 2014. For the value to have increased from £305,000 to £462,762 over the eleven years and ten months to April 2026, the following assumptions must hold true:

• The value of 2 QUEENSWAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The February 2014 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 2 QUEENSWAY has not materially changed since February 2014.

How Large is 2 QUEENSWAY?

2 QUEENSWAY is 136m², which includes two extensions, according to the EPC inspection conducted in April 2013. This puts it in the largest 50% of detached houses houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morpeth, and where 2 QUEENSWAY lies on this distribution: 56% of detached houses houses are smaller than 2 QUEENSWAY, and 44% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 QUEENSWAY: Plot and Title Map

2 QUEENSWAY sits on a plot of roughly 0.134 of an acre, or 544m². The below map shows the location of 2 QUEENSWAY, 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 QUEENSWAY). 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 QUEENSWAY?

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