2, THE STEADS, MORPETH, NE61 2EG - £154,950

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 THE STEADS is a very small terraced house of 54m², built sometime between 1983 and 1990, which could now be worth an estimated £220,839. It was last sold for £154,950 in April 2018, which was around 31% above the average April 2018 terraced price in the Northumberland local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

2 THE STEADS Sold Prices

Land registry data shows one sale for 2 THE STEADS since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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 9 APR	£154,950	£118,466	31% above HPI

What might 2 THE STEADS be worth now?

2 THE STEADS might now be worth an estimated £220,839.

This is based on house price inflation of 42.5%, between April 2018 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 42.5% inflationary increase is applied to the most recent sale price for 2 THE STEADS of £154,950 on 9th April 2018. For the value to have increased from £154,950 to £220,839 over the seven years and eleven months to May 2026, the following assumptions must hold true:

• The value of 2 THE STEADS has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The April 2018 sale price of £154,950 represented a fair market value for the property.
• The size, condition, and specification of 2 THE STEADS has not materially changed since April 2018.

How Large is 2 THE STEADS?

2 THE STEADS is 54m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 10% of terraced houses in Morpeth, based on EPC data. The below chart shows the distribution of terraced houses by size in Morpeth, and where 2 THE STEADS lies on this distribution: 6% of terraced houses are smaller than 2 THE STEADS, and 94% of terraced houses are larger. Note that EPC data is not available for all properties in Morpeth.

2 THE STEADS: Plot

2 THE STEADS sits on a plot of roughly 0.037 of an acre, or 149m².

Where is 2 THE STEADS?

2 THE STEADS is located in MORPETH, in the NE61 postcode district.