2, WHEATSHEAF YARD, MORPETH, NE61 1AJ - £137,500

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 WHEATSHEAF YARD is a very small semi-detached house of 68m², built sometime before 1900, which could now be worth an estimated £196,820. It was last sold for £137,500 in December 2017, which was around 3% below the average December 2017 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was February 2024, where the current energy rating was D, and the potential energy rating was B.

2 WHEATSHEAF YARD Sold Prices

Land registry data shows two sales for 2 WHEATSHEAF YARD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 2 WHEATSHEAF YARD 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
2017 19 DEC	£137,500	£141,070	3% below HPI
2011 24 JAN	£119,500	£129,154	7% below HPI

2 WHEATSHEAF YARD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 2 WHEATSHEAF YARD sales from January 2011 and December 2017 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 January 2011 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2017 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 WHEATSHEAF YARD be worth now?

2 WHEATSHEAF YARD might now be worth an estimated £196,820.

This is based on house price inflation of 43.1%, between December 2017 and May 2026, for semi-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 43.1% inflationary increase is applied to the most recent sale price for 2 WHEATSHEAF YARD of £137,500 on 19th December 2017. For the value to have increased from £137,500 to £196,820 over the nine years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 WHEATSHEAF YARD has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The December 2017 sale price of £137,500 represented a fair market value for the property.
• The size, condition, and specification of 2 WHEATSHEAF YARD has not materially changed since December 2017.

How Large is 2 WHEATSHEAF YARD?

2 WHEATSHEAF YARD is 68m² according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% of semi-detached houses houses in Morpeth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Morpeth, and where 2 WHEATSHEAF YARD lies on this distribution: 3% of semi-detached houses houses are smaller than 2 WHEATSHEAF YARD, and 97% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 WHEATSHEAF YARD: Plot and Title Map

2 WHEATSHEAF YARD sits on a plot of roughly 0.013 of an acre, or 51m². The below map shows the location of 2 WHEATSHEAF YARD, 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 WHEATSHEAF YARD). 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 WHEATSHEAF YARD?

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