45, MERLEY GATE, MORPETH, NE61 2EP - £123,000

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.

45 MERLEY GATE is a very small terraced house of 47m², built sometime between 1976 and 1982, which could now be worth an estimated £174,862. It was last sold for £123,000 in August 2017, which was around 4% above the average August 2017 terraced price in the Northumberland local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

45 MERLEY GATE Sold Prices

Land registry data shows one sale for 45 MERLEY GATE 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
2017 10 AUG	£123,000	£118,765	4% above HPI

What might 45 MERLEY GATE be worth now?

45 MERLEY GATE might now be worth an estimated £174,862.

This is based on house price inflation of 42.2%, between August 2017 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 42.2% inflationary increase is applied to the most recent sale price for 45 MERLEY GATE of £123,000 on 10th August 2017. For the value to have increased from £123,000 to £174,862 over the nine years and three months to May 2026, the following assumptions must hold true:

• The value of 45 MERLEY GATE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The August 2017 sale price of £123,000 represented a fair market value for the property.
• The size, condition, and specification of 45 MERLEY GATE has not materially changed since August 2017.

How Large is 45 MERLEY GATE?

45 MERLEY GATE is 47m² according to the EPC inspection conducted in June 2017. 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 45 MERLEY GATE lies on this distribution: 3% of terraced houses are smaller than 45 MERLEY GATE, and 96% of terraced houses are larger. Note that EPC data is not available for all properties in Morpeth.

45 MERLEY GATE: Plot

45 MERLEY GATE sits on a plot of roughly 0.044 of an acre, or 178m².

Where is 45 MERLEY GATE?

45 MERLEY GATE is located in MORPETH, in the NE61 postcode district.