23, GREEN CLOSE, STANNINGTON, MORPETH, NE61 6PE - £485,000

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 GREEN CLOSE is a large detached house of 170m², built sometime between 1991 and 1995, which could now be worth an estimated £691,772. It was last sold for £485,000 in September 2010, which was around 88% above the average September 2010 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

23 GREEN CLOSE Sold Prices

Land registry data shows three sales for 23 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. All of the three 23 GREEN CLOSE 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
2010 24 SEP	£485,000	£257,631	88% above HPI
1998 27 NOV	£190,000	£98,333	93% above HPI
1996 6 DEC	£168,500	£84,927	98% above HPI

23 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 23 GREEN CLOSE sales between December 1996 and September 2010 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 1998 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the September 2010 sale, where it falls to 88% above the HPI. The line then continues to track at 88% above the HPI.

What might 23 GREEN CLOSE be worth now?

23 GREEN CLOSE might now be worth an estimated £691,772.

This is based on house price inflation of 42.6%, between September 2010 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 42.6% inflationary increase is applied to the most recent sale price for 23 GREEN CLOSE of £485,000 on 24th September 2010. For the value to have increased from £485,000 to £691,772 over the sixteen years and four months to May 2026, the following assumptions must hold true:

• The value of 23 GREEN CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The September 2010 sale price of £485,000 represented a fair market value for the property.
• The size, condition, and specification of 23 GREEN CLOSE has not materially changed since September 2010.

How Large is 23 GREEN CLOSE?

23 GREEN CLOSE is 170m² according to the EPC inspection conducted in November 2009. This puts it in the largest 30% 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 23 GREEN CLOSE lies on this distribution: 79% of detached houses houses are smaller than 23 GREEN CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Stannington.

23 GREEN CLOSE: Plot and Title Map

23 GREEN CLOSE sits on a plot of roughly 0.291 of an acre, or 1,176m². The below map shows the location of 23 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 23 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 23 GREEN CLOSE?

23 GREEN CLOSE is located in STANNINGTON, in the NE61 postcode district. The below map shows the position of No. 23 on GREEN CLOSE.