SHARROW VALE, FAIRMOOR, MORPETH, NE61 3JJ - £355,000

SHARROW VALE is a very large extended detached house of 196m², built sometime between 1967 and 1975. It was last sold for £355,000 in April 2021, which was around 25% above the average April 2021 detached price in the Northumberland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was A.

SHARROW VALE Sold Prices

Land registry data shows three sales for SHARROW VALE 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 SHARROW VALE 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 8 APR	£355,000	£283,709	25% above HPI
2003 26 FEB	£195,000	£144,696	35% above HPI
1997 18 MAR	£86,000	£84,788	1% above HPI

SHARROW VALE 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 SHARROW VALE sales between March 1997 and April 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 February 2003 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the April 2021 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is SHARROW VALE?

SHARROW VALE is 196m², which includes four extensions, according to the EPC inspection conducted in June 2017. This puts it in the largest 20% of detached houses in Fair Moor, based on EPC data. The below chart shows the distribution of detached houses by size in Fair Moor, and where SHARROW VALE lies on this distribution: 89% of detached houses are smaller than SHARROW VALE, and 11% of houses are larger. Note that EPC data is not available for all properties in Fair Moor.

SHARROW VALE: Plot and Title Map

SHARROW VALE sits on a plot of roughly 0.220 of an acre, or 892m². The below map shows the location of SHARROW VALE, 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 SHARROW VALE). 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 SHARROW VALE?

SHARROW VALE is located on FAIRMOOR in MORPETH, in the NE61 postcode district. The below map shows the position of SHARROW VALE on FAIRMOOR.