8, WEST LEA, THROPTON, MORPETH, NE65 7LA - £170,000

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.

8 WEST LEA is a very small extended terraced house of 91m², built sometime between 1996 and 2002, which could now be worth an estimated £214,778. It was last sold for £170,000 in May 2021, which was around 27% above the average May 2021 terraced price in the Northumberland local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

8 WEST LEA Sold Prices

Land registry data shows three sales for 8 WEST LEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. All of the three 8 WEST LEA 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
2021 4 MAY	£170,000	£133,640	27% above HPI
2017 27 SEP	£165,000	£118,588	39% above HPI
2002 2 SEP	£87,000	£56,340	54% above HPI

8 WEST LEA Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Northumberland local authority area over time, sourced from the HPI. The three 8 WEST LEA sales between September 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 September 2017 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the May 2021 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 8 WEST LEA be worth now?

8 WEST LEA might now be worth an estimated £214,778.

This is based on house price inflation of 26.3%, between May 2021 and May 2026, for terraced 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 26.3% inflationary increase is applied to the most recent sale price for 8 WEST LEA of £170,000 on 4th May 2021. For the value to have increased from £170,000 to £214,778 over the five years to May 2026, the following assumptions must hold true:

• The value of 8 WEST LEA has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The May 2021 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 8 WEST LEA has not materially changed since May 2021.

How Large is 8 WEST LEA?

8 WEST LEA is 91m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of terraced houses houses in Thropton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Thropton, and where 8 WEST LEA lies on this distribution: 9% of terraced houses houses are smaller than 8 WEST LEA, and 87% of houses are larger. Note that EPC data is not available for all properties in Thropton.

8 WEST LEA: Plot and Title Map

8 WEST LEA sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 8 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 8 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 8 WEST LEA?

8 WEST LEA is located in THROPTON, in the NE65 postcode district. The below map shows the position of No. 8 on WEST LEA.