22, MERLEY GATE, MORPETH, NE61 2EP - £59,000

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.

22 MERLEY GATE is a very small terraced house of 62m², built sometime between 1976 and 1982, which could now be worth an estimated £253,961. It was last sold for £59,000 in May 1999, which was around 50% above the average May 1999 terraced price in the Northumberland local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

22 MERLEY GATE Sold Prices

Land registry data shows one sale for 22 MERLEY GATE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
1999 24 MAY	£59,000	£39,225	50% above HPI

What might 22 MERLEY GATE be worth now?

22 MERLEY GATE might now be worth an estimated £253,961.

This is based on house price inflation of 330.4%, between May 1999 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 330.4% inflationary increase is applied to the most recent sale price for 22 MERLEY GATE of £59,000 on 24th May 1999. For the value to have increased from £59,000 to £253,961 over the 27 years to May 2026, the following assumptions must hold true:

• The value of 22 MERLEY GATE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The May 1999 sale price of £59,000 represented a fair market value for the property.
• The size, condition, and specification of 22 MERLEY GATE has not materially changed since May 1999.

How Large is 22 MERLEY GATE?

22 MERLEY GATE is 62m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% of terraced houses in Morpeth, based on EPC data. The below chart shows the distribution of terraced houses by size in Morpeth, and where 22 MERLEY GATE lies on this distribution: 14% of terraced houses are smaller than 22 MERLEY GATE, and 85% of terraced houses are larger. Note that EPC data is not available for all properties in Morpeth.

22 MERLEY GATE: Plot

22 MERLEY GATE sits on a plot of roughly 0.020 of an acre, or 80m².

Where is 22 MERLEY GATE?

22 MERLEY GATE is located in MORPETH, in the NE61 postcode district.