4, ALBION CLOSE, WARKWORTH, MORPETH, NE65 0UE - £357,500

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.

4 ALBION CLOSE is a small detached house of 120m², built sometime between 1967 and 1975, which could now be worth an estimated £455,669. It was last sold for £357,500 in September 2018, which was around 31% above the average September 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

4 ALBION CLOSE Sold Prices

Land registry data shows five sales for 4 ALBION CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. Most of the five 4 ALBION 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
2018 11 SEP	£357,500	£273,265	31% above HPI
2014 16 MAY	£312,500	£238,197	31% above HPI
2007 15 FEB	£249,950	£253,993	2% below HPI
2006 22 AUG	£278,980	£249,958	12% above HPI
2003 11 DEC	£225,000	£192,782	17% above HPI

4 ALBION 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 five 4 ALBION CLOSE sales between December 2003 and September 2018 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 May 2014 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the September 2018 sale, which was also at 31% above the HPI.

What might 4 ALBION CLOSE be worth now?

4 ALBION CLOSE might now be worth an estimated £455,669.

This is based on house price inflation of 27.5%, between September 2018 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 27.5% inflationary increase is applied to the most recent sale price for 4 ALBION CLOSE of £357,500 on 11th September 2018. For the value to have increased from £357,500 to £455,669 over the seven years and three months to June 2025, the following assumptions must hold true:

• The value of 4 ALBION CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The September 2018 sale price of £357,500 represented a fair market value for the property.
• The size, condition, and specification of 4 ALBION CLOSE has not materially changed since September 2018.

How Large is 4 ALBION CLOSE?

4 ALBION CLOSE is 120m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% 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 4 ALBION CLOSE lies on this distribution: 27% of detached houses houses are smaller than 4 ALBION CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Warkworth.

4 ALBION CLOSE: Plot and Title Map

4 ALBION CLOSE sits on a plot of roughly 0.212 of an acre, or 858m². The below map shows the location of 4 ALBION 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 4 ALBION 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 4 ALBION CLOSE?

4 ALBION CLOSE is located in WARKWORTH, in the NE65 postcode district. The below map shows the position of No. 4 on ALBION CLOSE.