27, SPELVIT LANE, MORPETH, NE61 2RD - £131,500

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.

27 SPELVIT LANE is a very small extended terraced house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £210,124. It was last sold for £131,500 in May 2009, which was around 24% above the average May 2009 terraced price in the Northumberland local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

27 SPELVIT LANE Sold Prices

Land registry data shows two sales for 27 SPELVIT LANE 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 27 SPELVIT LANE 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
2009 20 MAY	£131,500	£105,664	24% above HPI
2008 7 OCT	£118,500	£116,772	1% above HPI

27 SPELVIT LANE 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 27 SPELVIT LANE sales from October 2008 and May 2009 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 October 2008 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2009 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 27 SPELVIT LANE be worth now?

27 SPELVIT LANE might now be worth an estimated £210,124.

This is based on house price inflation of 59.8%, between May 2009 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 59.8% inflationary increase is applied to the most recent sale price for 27 SPELVIT LANE of £131,500 on 20th May 2009. For the value to have increased from £131,500 to £210,124 over the seventeen years to May 2026, the following assumptions must hold true:

• The value of 27 SPELVIT LANE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The May 2009 sale price of £131,500 represented a fair market value for the property.
• The size, condition, and specification of 27 SPELVIT LANE has not materially changed since May 2009.

How Large is 27 SPELVIT LANE?

27 SPELVIT LANE is 85m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the smallest 20% of terraced houses houses in Morpeth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Morpeth, and where 27 SPELVIT LANE lies on this distribution: 12% of terraced houses houses are smaller than 27 SPELVIT LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

27 SPELVIT LANE: Plot and Title Map

27 SPELVIT LANE sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 27 SPELVIT LANE, 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 27 SPELVIT LANE). 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 27 SPELVIT LANE?

27 SPELVIT LANE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 27 on SPELVIT LANE.