23, BUTTERWELL DRIVE, PEGSWOOD, MORPETH, NE61 6YH - £135,000

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.

23 BUTTERWELL DRIVE is a very small extended terraced house of 76m², built sometime between 1967 and 1975, which could now be worth an estimated £190,258. It was last sold for £135,000 in September 2014, which was around 21% above the average September 2014 terraced price in the Northumberland local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

23 BUTTERWELL DRIVE Sold Prices

Land registry data shows two sales for 23 BUTTERWELL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. Both of the two 23 BUTTERWELL DRIVE 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
2014 16 SEP	£135,000	£111,412	21% above HPI
2013 1 NOV	£130,000	£107,422	21% above HPI

23 BUTTERWELL DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Northumberland local authority area over time, sourced from the HPI. The two 23 BUTTERWELL DRIVE sales from November 2013 and September 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 November 2013 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the September 2014 sale, which was also at 21% above the HPI.

What might 23 BUTTERWELL DRIVE be worth now?

23 BUTTERWELL DRIVE might now be worth an estimated £190,258.

This is based on house price inflation of 40.9%, between September 2014 and June 2025, 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 40.9% inflationary increase is applied to the most recent sale price for 23 BUTTERWELL DRIVE of £135,000 on 16th September 2014. For the value to have increased from £135,000 to £190,258 over the eleven years and three months to June 2025, the following assumptions must hold true:

• The value of 23 BUTTERWELL DRIVE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The September 2014 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 23 BUTTERWELL DRIVE has not materially changed since September 2014.

How Large is 23 BUTTERWELL DRIVE?

23 BUTTERWELL DRIVE is 76m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 20% of terraced houses houses in Pegswood, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Pegswood, and where 23 BUTTERWELL DRIVE lies on this distribution: 14% of terraced houses houses are smaller than 23 BUTTERWELL DRIVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

23 BUTTERWELL DRIVE: Plot and Title Map

23 BUTTERWELL DRIVE sits on a plot of roughly 138.0 acres, or 558,266m². The below map shows the location of 23 BUTTERWELL DRIVE, 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 23 BUTTERWELL DRIVE). 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 23 BUTTERWELL DRIVE?

23 BUTTERWELL DRIVE is located in PEGSWOOD, in the NE61 postcode district. The below map shows the position of No. 23 on BUTTERWELL DRIVE.