4, GORSEWAY, MORPETH, NE61 2XR - £260,000

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.

4 GORSEWAY is a very small extended detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £319,737. It was last sold for £260,000 in May 2021, which was around 11% below the average May 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was C.

4 GORSEWAY Sold Prices

Land registry data shows three sales for 4 GORSEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Northumberland local authority area for the corresponding sale date. One of the three 4 GORSEWAY sales was for below the average price, whilst two 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
2021 6 MAY	£260,000	£292,464	11% below HPI
2008 13 JUN	£280,000	£271,026	3% above HPI
2002 28 AUG	£164,000	£138,402	18% above HPI

4 GORSEWAY 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 three 4 GORSEWAY sales between August 2002 and May 2021 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 June 2008 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the May 2021 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 4 GORSEWAY be worth now?

4 GORSEWAY might now be worth an estimated £319,737.

This is based on house price inflation of 23%, between May 2021 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 23% inflationary increase is applied to the most recent sale price for 4 GORSEWAY of £260,000 on 6th May 2021. For the value to have increased from £260,000 to £319,737 over the five years and one month to April 2026, the following assumptions must hold true:

• The value of 4 GORSEWAY has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The May 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 4 GORSEWAY has not materially changed since May 2021.

How Large is 4 GORSEWAY?

4 GORSEWAY is 85m², which includes one extension, according to the EPC inspection conducted in June 2019. 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 4 GORSEWAY lies on this distribution: 12% of detached houses houses are smaller than 4 GORSEWAY, and 88% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

4 GORSEWAY: Plot and Title Map

4 GORSEWAY sits on a plot of roughly 0.101 of an acre, or 407m². The below map shows the location of 4 GORSEWAY, 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 GORSEWAY). 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 GORSEWAY?

4 GORSEWAY is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 4 on GORSEWAY.