29, THE COVERS, MORPETH, NE61 2RU - £272,000

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 THE COVERS is a very small detached house of 93m², built sometime between 1996 and 2002, which could now be worth an estimated £377,500. It was last sold for £272,000 in November 2016, which was around 5% above the average November 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

29 THE COVERS Sold Prices

Land registry data shows four sales for 29 THE COVERS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Most of the four 29 THE COVERS 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
2016 25 NOV	£272,000	£259,146	5% above HPI
2014 23 JAN	£260,000	£237,736	9% above HPI
2006 21 JUL	£220,000	£249,670	12% below HPI
1996 28 FEB	£98,000	£79,537	23% above HPI

29 THE COVERS 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 four 29 THE COVERS sales between February 1996 and November 2016 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 January 2014 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the November 2016 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 29 THE COVERS be worth now?

29 THE COVERS might now be worth an estimated £377,500.

This is based on house price inflation of 38.8%, between November 2016 and April 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 38.8% inflationary increase is applied to the most recent sale price for 29 THE COVERS of £272,000 on 25th November 2016. For the value to have increased from £272,000 to £377,500 over the ten years and seven months to April 2026, the following assumptions must hold true:

• The value of 29 THE COVERS has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2016 sale price of £272,000 represented a fair market value for the property.
• The size, condition, and specification of 29 THE COVERS has not materially changed since November 2016.

How Large is 29 THE COVERS?

29 THE COVERS is 93m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 20% of detached houses houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morpeth, and where 29 THE COVERS lies on this distribution: 18% of detached houses houses are smaller than 29 THE COVERS, and 82% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

29 THE COVERS: Plot and Title Map

29 THE COVERS sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 29 THE COVERS, 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 THE COVERS). 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 THE COVERS?

29 THE COVERS is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 29 on THE COVERS.