14, CHATHILL CLOSE, MORPETH, NE61 2TH - £260,000

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.

14 CHATHILL CLOSE is a midsized extended detached house of 123m², built sometime between 1991 and 1995, which could now be worth an estimated £359,016. It was last sold for £260,000 in November 2018, which was around 2% below the average November 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

14 CHATHILL CLOSE Sold Prices

Land registry data shows one sale for 14 CHATHILL CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Northumberland local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 23 NOV	£260,000	£266,121	2% below HPI

What might 14 CHATHILL CLOSE be worth now?

14 CHATHILL CLOSE might now be worth an estimated £359,016.

This is based on house price inflation of 38.1%, between November 2018 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 38.1% inflationary increase is applied to the most recent sale price for 14 CHATHILL CLOSE of £260,000 on 23rd November 2018. For the value to have increased from £260,000 to £359,016 over the eight years and six months to May 2026, the following assumptions must hold true:

• The value of 14 CHATHILL CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The November 2018 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 14 CHATHILL CLOSE has not materially changed since November 2018.

How Large is 14 CHATHILL CLOSE?

14 CHATHILL CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 50% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 14 CHATHILL CLOSE lies on this distribution: 46% of detached houses are smaller than 14 CHATHILL CLOSE, and 53% of detached houses are larger. Note that EPC data is not available for all properties in Morpeth.

14 CHATHILL CLOSE: Plot

14 CHATHILL CLOSE sits on a plot of roughly 0.085 of an acre, or 342m².

Where is 14 CHATHILL CLOSE?

14 CHATHILL CLOSE is located in MORPETH, in the NE61 postcode district.