7, THE STEADS, MORPETH, NE61 2EG - £134,000

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.

7 THE STEADS is a small terraced house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £213,988. It was last sold for £134,000 in May 2013, which was around 27% above the average May 2013 terraced price in the Northumberland local authority area. The most recent EPC inspection was January 2023, where the current energy rating was C, and the potential energy rating was B.

7 THE STEADS Sold Prices

Land registry data shows one sale for 7 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
2013 10 MAY	£134,000	£105,729	27% above HPI

What might 7 THE STEADS be worth now?

7 THE STEADS might now be worth an estimated £213,988.

This is based on house price inflation of 59.7%, between May 2013 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 59.7% inflationary increase is applied to the most recent sale price for 7 THE STEADS of £134,000 on 10th May 2013. For the value to have increased from £134,000 to £213,988 over the thirteen years to May 2026, the following assumptions must hold true:

• The value of 7 THE STEADS has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The May 2013 sale price of £134,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE STEADS has not materially changed since May 2013.

How Large is 7 THE STEADS?

7 THE STEADS is 72m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 30% of terraced houses in Morpeth, based on EPC data. The below chart shows the distribution of terraced houses by size in Morpeth, and where 7 THE STEADS lies on this distribution: 27% of terraced houses are smaller than 7 THE STEADS, and 72% of terraced houses are larger. Note that EPC data is not available for all properties in Morpeth.

7 THE STEADS: Plot

7 THE STEADS sits on a plot of roughly 0.043 of an acre, or 173m².

Where is 7 THE STEADS?

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