6, PROSPECT CLOSE, FELTON, MORPETH, NE65 9PL - £255,000

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.

6 PROSPECT CLOSE is a very small detached house of 80m², built sometime between 2003 and 2006, which could now be worth an estimated £372,175. It was last sold for £255,000 in March 2016, which was around 1% above the average March 2016 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2019, where the current energy rating was C, and the potential energy rating was B.

6 PROSPECT CLOSE Sold Prices

Land registry data shows three sales for 6 PROSPECT CLOSE 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 6 PROSPECT CLOSE sales was for above the average price, whilst two 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
2016 1 MAR	£255,000	£251,380	1% above HPI
2010 29 JAN	£213,500	£247,288	14% below HPI
2004 19 MAR	£190,000	£193,491	2% below HPI

6 PROSPECT 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 three 6 PROSPECT CLOSE sales between March 2004 and March 2016 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 January 2010 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the March 2016 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 6 PROSPECT CLOSE be worth now?

6 PROSPECT CLOSE might now be worth an estimated £372,175.

This is based on house price inflation of 46%, between March 2016 and March 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 46% inflationary increase is applied to the most recent sale price for 6 PROSPECT CLOSE of £255,000 on 1st March 2016. For the value to have increased from £255,000 to £372,175 over the nine years to March 2025, the following assumptions must hold true:

• The value of 6 PROSPECT CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The March 2016 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 6 PROSPECT CLOSE has not materially changed since March 2016.

How Large is 6 PROSPECT CLOSE?

6 PROSPECT CLOSE is 80m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of detached houses houses in Felton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Felton, and where 6 PROSPECT CLOSE lies on this distribution: 6% of detached houses houses are smaller than 6 PROSPECT CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Felton.

6 PROSPECT CLOSE: Plot and Title Map

6 PROSPECT CLOSE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 6 PROSPECT 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 6 PROSPECT 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 6 PROSPECT CLOSE?

6 PROSPECT CLOSE is located in FELTON, in the NE65 postcode district. The below map shows the position of No. 6 on PROSPECT CLOSE.