3, BUTTERWELL DRIVE, PEGSWOOD, MORPETH, NE61 6YB - £127,500

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.

3 BUTTERWELL DRIVE is a small extended semi-detached house of 82m², built sometime between 1976 and 1982, which could now be worth an estimated £155,218. It was last sold for £127,500 in November 2020, which was around 18% below the average November 2020 semi-detached price in the Northumberland local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

3 BUTTERWELL DRIVE Sold Prices

Land registry data shows two sales for 3 BUTTERWELL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Northumberland local authority area for the corresponding sale date. Both of the two 3 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
2020 26 NOV	£127,500	£155,118	18% below HPI
1996 11 DEC	£36,000	£43,822	18% below HPI

3 BUTTERWELL DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Northumberland local authority area over time, sourced from the HPI. The two 3 BUTTERWELL DRIVE sales from December 1996 and November 2020 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 December 1996 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the November 2020 sale, which was also at 18% below the HPI.

What might 3 BUTTERWELL DRIVE be worth now?

3 BUTTERWELL DRIVE might now be worth an estimated £155,218.

This is based on house price inflation of 21.7%, between November 2020 and June 2025, for semi-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 21.7% inflationary increase is applied to the most recent sale price for 3 BUTTERWELL DRIVE of £127,500 on 26th November 2020. For the value to have increased from £127,500 to £155,218 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 3 BUTTERWELL DRIVE has moved in line with the HPI for semi-detached houses in the Northumberland local authority area.
• The November 2020 sale price of £127,500 represented a fair market value for the property.
• The size, condition, and specification of 3 BUTTERWELL DRIVE has not materially changed since November 2020.

How Large is 3 BUTTERWELL DRIVE?

3 BUTTERWELL DRIVE is 82m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 30% of semi-detached houses houses in Pegswood, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Pegswood, and where 3 BUTTERWELL DRIVE lies on this distribution: 24% of semi-detached houses houses are smaller than 3 BUTTERWELL DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Pegswood.

3 BUTTERWELL DRIVE: Plot and Title Map

3 BUTTERWELL DRIVE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 3 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 3 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 3 BUTTERWELL DRIVE?

3 BUTTERWELL DRIVE is located in PEGSWOOD, in the NE61 postcode district. The below map shows the position of No. 3 on BUTTERWELL DRIVE.