3, OLD BARNS CLOSE, WARKWORTH, MORPETH, NE65 0TH - £465,000

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.

3 OLD BARNS CLOSE is a very large extended detached house of 187m², built sometime between 1996 and 2002, which could now be worth an estimated £637,073. It was last sold for £465,000 in March 2020, which was around 73% above the average March 2020 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was C.

3 OLD BARNS CLOSE Sold Prices

Land registry data shows two sales for 3 OLD BARNS CLOSE 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 3 OLD BARNS 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
2020 24 MAR	£465,000	£268,215	73% above HPI
2007 15 OCT	£450,000	£268,717	67% above HPI

3 OLD BARNS 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 two 3 OLD BARNS CLOSE sales from October 2007 and March 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 October 2007 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the March 2020 sale, where it rises to 73% above the HPI. The line then continues to track at 73% above the HPI.

What might 3 OLD BARNS CLOSE be worth now?

3 OLD BARNS CLOSE might now be worth an estimated £637,073.

This is based on house price inflation of 37%, between March 2020 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 37% inflationary increase is applied to the most recent sale price for 3 OLD BARNS CLOSE of £465,000 on 24th March 2020. For the value to have increased from £465,000 to £637,073 over the five years and ten months to May 2026, the following assumptions must hold true:

• The value of 3 OLD BARNS CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The March 2020 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OLD BARNS CLOSE has not materially changed since March 2020.

How Large is 3 OLD BARNS CLOSE?

3 OLD BARNS CLOSE is 187m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 20% of detached houses houses in Warkworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Warkworth, and where 3 OLD BARNS CLOSE lies on this distribution: 86% of detached houses houses are smaller than 3 OLD BARNS CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Warkworth.

3 OLD BARNS CLOSE: Plot and Title Map

3 OLD BARNS CLOSE sits on a plot of roughly 0.245 of an acre, or 991m². The below map shows the location of 3 OLD BARNS 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 3 OLD BARNS 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 3 OLD BARNS CLOSE?

3 OLD BARNS CLOSE is located in WARKWORTH, in the NE65 postcode district. The below map shows the position of No. 3 on OLD BARNS CLOSE.