7, PROSPECT CLOSE, FELTON, MORPETH, NE65 9PL - £220,000

7 PROSPECT CLOSE is a very small detached house of 95m², built sometime between 2003 and 2006. It was last sold for £220,000 in July 2011, which was around 8% below the average July 2011 detached price in the Northumberland local authority area. The most recent EPC inspection was March 2011, where the current energy rating was C, and the potential energy rating was C.

7 PROSPECT CLOSE Sold Prices

Land registry data shows two sales for 7 PROSPECT CLOSE 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 7 PROSPECT CLOSE 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
2011 29 JUL	£220,000	£238,561	8% below HPI
2004 10 AUG	£190,750	£211,589	10% below HPI

7 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 two 7 PROSPECT CLOSE sales from August 2004 and July 2011 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 August 2004 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the July 2011 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is 7 PROSPECT CLOSE?

7 PROSPECT CLOSE is 95m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 20% of detached houses in Felton, based on EPC data. The below chart shows the distribution of detached houses by size in Felton, and where 7 PROSPECT CLOSE lies on this distribution: 20% of detached houses are smaller than 7 PROSPECT CLOSE, and 80% of houses are larger. Note that EPC data is not available for all properties in Felton.

7 PROSPECT CLOSE: Plot and Title Map

7 PROSPECT CLOSE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 7 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 7 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 7 PROSPECT CLOSE?

7 PROSPECT CLOSE is located in FELTON, in the NE65 postcode district. The below map shows the position of No. 7 on PROSPECT CLOSE.