THE PELE, THROPTON, MORPETH, NE65 7LT - £380,000

THE PELE is a very large extended detached house of 218m², built sometime before 1900. It was last sold for £380,000 in August 2018, which was around 45% above the average August 2018 detached price in the Northumberland local authority area. The most recent EPC inspection was July 2021, where the current energy rating was E, and the potential energy rating was D.

THE PELE Sold Prices

Land registry data shows two sales for THE PELE 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 THE PELE 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
2018 30 AUG	£380,000	£262,254	45% above HPI
1997 14 NOV	£225,000	£87,543	157% above HPI

THE PELE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Northumberland local authority area over time, sourced from the HPI. The two THE PELE sales from November 1997 and August 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 1997 sale was for 157% above the HPI. So the extrapolation line tracks at 157% above the HPI over time, until the August 2018 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is THE PELE?

THE PELE is 218m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the largest 20% of detached houses in Thropton, based on EPC data. The below chart shows the distribution of detached houses by size in Thropton, and where THE PELE lies on this distribution: 84% of detached houses are smaller than THE PELE, and 16% of houses are larger. Note that EPC data is not available for all properties in Thropton.

THE PELE: Plot and Title Map

THE PELE sits on a plot of roughly 0.216 of an acre, or 875m². The below map shows the location of THE PELE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of THE PELE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is THE PELE?

THE PELE is located in THROPTON, in the NE65 postcode district. The below map shows the position of THE PELE in THROPTON.