6, WEST LEA, THROPTON, MORPETH, NE65 7LA - £275,000

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 WEST LEA is a small extended detached house of 123m², built sometime between 1996 and 2002, which could now be worth an estimated £322,959. It was last sold for £275,000 in May 2022, which was around 12% below the average May 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was C.

6 WEST LEA Sold Prices

Land registry data shows three sales for 6 WEST LEA 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. All of the three 6 WEST LEA 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 13 MAY	£275,000	£312,899	12% below HPI
2007 1 OCT	£185,000	£268,717	31% below HPI
2002 4 OCT	£135,000	£142,905	6% below HPI

6 WEST LEA 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 WEST LEA sales between October 2002 and May 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 October 2007 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 6 WEST LEA be worth now?

6 WEST LEA might now be worth an estimated £322,959.

This is based on house price inflation of 17.4%, between May 2022 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 17.4% inflationary increase is applied to the most recent sale price for 6 WEST LEA of £275,000 on 13th May 2022. For the value to have increased from £275,000 to £322,959 over the four years to May 2026, the following assumptions must hold true:

• The value of 6 WEST LEA has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The May 2022 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 6 WEST LEA has not materially changed since May 2022.

How Large is 6 WEST LEA?

6 WEST LEA is 123m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 30% of detached houses houses in Thropton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thropton, and where 6 WEST LEA lies on this distribution: 28% of detached houses houses are smaller than 6 WEST LEA, and 72% of houses are larger. Note that EPC data is not available for all properties in Thropton.

6 WEST LEA: Plot and Title Map

6 WEST LEA sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 6 WEST LEA, 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 WEST LEA). 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 WEST LEA?

6 WEST LEA is located in THROPTON, in the NE65 postcode district. The below map shows the position of No. 6 on WEST LEA.