32, ABBEY GATE, MORPETH, NE61 2XN - £320,000

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.

32 ABBEY GATE is a midsized extended detached house of 131m², built sometime between 1967 and 1975, which could now be worth an estimated £340,428. It was last sold for £320,000 in October 2022, which was around 5% below the average October 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was C.

32 ABBEY GATE Sold Prices

Land registry data shows two sales for 32 ABBEY GATE 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 32 ABBEY GATE 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 21 OCT	£320,000	£338,078	5% below HPI
2008 1 APR	£249,950	£270,109	7% below HPI

32 ABBEY GATE 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 32 ABBEY GATE sales from April 2008 and October 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 April 2008 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 32 ABBEY GATE be worth now?

32 ABBEY GATE might now be worth an estimated £340,428.

This is based on house price inflation of 6.4%, between October 2022 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 6.4% inflationary increase is applied to the most recent sale price for 32 ABBEY GATE of £320,000 on 21st October 2022. For the value to have increased from £320,000 to £340,428 over the four years and six months to April 2026, the following assumptions must hold true:

• The value of 32 ABBEY GATE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The October 2022 sale price of £320,000 represented a fair market value for the property.
• The size, condition, and specification of 32 ABBEY GATE has not materially changed since October 2022.

How Large is 32 ABBEY GATE?

32 ABBEY GATE is 131m², which includes two extensions, according to the EPC inspection conducted in November 2021. This puts it in the largest 50% 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 32 ABBEY GATE lies on this distribution: 52% of detached houses houses are smaller than 32 ABBEY GATE, and 47% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

32 ABBEY GATE: Plot and Title Map

32 ABBEY GATE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 32 ABBEY GATE, 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 32 ABBEY GATE). 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 32 ABBEY GATE?

32 ABBEY GATE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 32 on ABBEY GATE.