9, REDWING CLOSE, MORPETH, NE61 1EZ - £600,000

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.

9 REDWING CLOSE is a large detached house of 182m², built in 2022, which could now be worth an estimated £650,960. It was last sold for £600,000 in September 2023, which was around 77% above the average September 2023 detached price in the Northumberland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was B, and the potential energy rating was A.

9 REDWING CLOSE Sold Prices

Land registry data shows two sales for 9 REDWING 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 9 REDWING CLOSE 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
2023 22 SEP	£600,000	£338,701	77% above HPI
2022 31 AUG	£519,950	£328,002	59% above HPI

9 REDWING 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 9 REDWING CLOSE sales from August 2022 and September 2023 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 2022 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the September 2023 sale, where it rises to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might 9 REDWING CLOSE be worth now?

9 REDWING CLOSE might now be worth an estimated £650,960.

This is based on house price inflation of 8.5%, between September 2023 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 8.5% inflationary increase is applied to the most recent sale price for 9 REDWING CLOSE of £600,000 on 22nd September 2023. For the value to have increased from £600,000 to £650,960 over the three years and four months to May 2026, the following assumptions must hold true:

• The value of 9 REDWING CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The September 2023 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of 9 REDWING CLOSE has not materially changed since September 2023.

How Large is 9 REDWING CLOSE?

9 REDWING CLOSE is 182m² according to the EPC inspection conducted in August 2022. This puts it in the largest 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 9 REDWING CLOSE lies on this distribution: 80% of detached houses houses are smaller than 9 REDWING CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Morpeth.

9 REDWING CLOSE: Plot and Title Map

9 REDWING CLOSE sits on a plot of roughly 0.111 of an acre, or 450m². The below map shows the location of 9 REDWING 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 9 REDWING 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 9 REDWING CLOSE?

9 REDWING CLOSE is located in MORPETH, in the NE61 postcode district. The below map shows the position of No. 9 on REDWING CLOSE.