2, SYLVAN CLOSE, MORPETH, NE61 2XU - £350,000

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.

2 SYLVAN CLOSE is a large extended detached house of 142m², built sometime between 1976 and 1982, which could now be worth an estimated £404,858. It was last sold for £350,000 in July 2022, which was around 10% above the average July 2022 detached price in the Northumberland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

2 SYLVAN CLOSE Sold Prices

Land registry data shows two sales for 2 SYLVAN 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 2 SYLVAN 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
2022 8 JUL	£350,000	£317,676	10% above HPI
2022 8 JUL	£350,000	£317,676	10% above HPI

What might 2 SYLVAN CLOSE be worth now?

2 SYLVAN CLOSE might now be worth an estimated £404,858.

This is based on house price inflation of 15.7%, between July 2022 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 15.7% inflationary increase is applied to the most recent sale price for 2 SYLVAN CLOSE of £350,000 on 8th July 2022. For the value to have increased from £350,000 to £404,858 over the four years and two months to May 2026, the following assumptions must hold true:

• The value of 2 SYLVAN CLOSE has moved in line with the HPI for detached houses in the Northumberland local authority area.
• The July 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SYLVAN CLOSE has not materially changed since July 2022.

How Large is 2 SYLVAN CLOSE?

2 SYLVAN CLOSE is 142m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 40% of detached houses in Morpeth, based on EPC data. The below chart shows the distribution of detached houses by size in Morpeth, and where 2 SYLVAN CLOSE lies on this distribution: 61% of detached houses are smaller than 2 SYLVAN CLOSE, and 39% of detached houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 SYLVAN CLOSE: Plot

2 SYLVAN CLOSE sits on a plot of roughly 0.130 of an acre, or 528m².

Where is 2 SYLVAN CLOSE?

2 SYLVAN CLOSE is located in MORPETH, in the NE61 postcode district.