FLAT, 11, HEATHFIELD, MORPETH, NE61 2TR - £60,000

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.

FLAT is a flat, which could now be worth an estimated £75,374. It was last sold for £60,000 in September 2015, which was around 28% below the average September 2015 flat price in the Northumberland local authority area.

FLAT Sold Prices

Land registry data shows six sales for FLAT since 1^st January 1995. The below table shows the price paid for the six sales, along with the average flat price in the Northumberland local authority area for the corresponding sale date. Most of the six FLAT sales were for below 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
2015 30 SEP	£60,000	£82,804	28% below HPI
2006 31 JUL	£80,000	£92,813	14% below HPI
2004 30 SEP	£68,000	£81,186	16% below HPI
2003 19 SEP	£48,500	£62,073	22% below HPI
2001 1 FEB	£27,500	£33,579	18% below HPI
1997 1 DEC	£29,000	£28,119	3% above HPI

What might FLAT be worth now?

FLAT might now be worth an estimated £75,374.

This is based on house price inflation of 25.6%, between September 2015 and May 2026, for flats, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.6% inflationary increase is applied to the most recent sale price for FLAT of £60,000 on 30th September 2015. For the value to have increased from £60,000 to £75,374 over the eleven years and four months to May 2026, the following assumptions must hold true:

• The value of FLAT has moved in line with the HPI for flats in the Northumberland local authority area.
• The September 2015 sale price of £60,000 represented a fair market value for the property.
• The size, condition, and specification of FLAT has not materially changed since September 2015.

Where is FLAT?

FLAT, 11 HEATHFIELD is located in MORPETH, in the NE61 postcode district.