29, BUTTERWELL DRIVE, PEGSWOOD, MORPETH, NE61 6YH - £145,000

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.

29 BUTTERWELL DRIVE is a very large extended detached house of 131m², built sometime between 1967 and 1975, which could now be worth an estimated £150,342. It was last sold for £145,000 in September 2022, which was around 57% below the average September 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was E, and the potential energy rating was C.

29 BUTTERWELL DRIVE Sold Prices

Land registry data shows two sales for 29 BUTTERWELL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 29 BUTTERWELL DRIVE 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
2022 2 SEP	£145,000	£335,927	57% below HPI
1999 28 JUL	£67,000	£101,180	34% below HPI

29 BUTTERWELL DRIVE 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 two 29 BUTTERWELL DRIVE sales from July 1999 and September 2022 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 July 1999 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the September 2022 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

What might 29 BUTTERWELL DRIVE be worth now?

29 BUTTERWELL DRIVE might now be worth an estimated £150,342.

This is based on house price inflation of 3.7%, between September 2022 and June 2025, 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 3.7% inflationary increase is applied to the most recent sale price for 29 BUTTERWELL DRIVE of £145,000 on 2nd September 2022. For the value to have increased from £145,000 to £150,342 over the three years and three months to June 2025, the following assumptions must hold true:

• The value of 29 BUTTERWELL DRIVE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The September 2022 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 29 BUTTERWELL DRIVE has not materially changed since September 2022.

How Large is 29 BUTTERWELL DRIVE?

29 BUTTERWELL DRIVE is 131m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 20% of detached houses houses in Pegswood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pegswood, and where 29 BUTTERWELL DRIVE lies on this distribution: 87% of detached houses houses are smaller than 29 BUTTERWELL DRIVE, and 13% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

29 BUTTERWELL DRIVE: Plot and Title Map

29 BUTTERWELL DRIVE sits on a plot of roughly 138.0 acres, or 558,266m². The below map shows the location of 29 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 29 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 29 BUTTERWELL DRIVE?

29 BUTTERWELL DRIVE is located in PEGSWOOD, in the NE61 postcode district. The below map shows the position of No. 29 on BUTTERWELL DRIVE.