According to the public record, 1, Cherry Tree Drive, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,339 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Cherry Tree Drive, Swarland, Morpeth, NE65 is located within the NE65 postal district.
1, Cherry Tree Drive, Morpeth has a single entry in the Land Registry database from June 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Cherry Tree Drive Morpeth as £757,966 and the rental value as £1,877 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of 1 Cherry Tree Drive Morpeth has decreased by £14,665 (1.9%) and its rental value has increased by £67 per month (3.6%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Cherry Tree Drive, Morpeth is in very good condition we estimate a sale value of £795,864 and rental value of £1,971 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £704,908 and a rental value of £1,746 per month.
If you were able to purchase this property for the estimated value of £757,966, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,725 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 1, Cherry Tree Drive, Morpeth was last sold on 15 Jun 2007 for £495,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2007, the market for similar properties has risen 44.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Cherry Tree Drive, Morpeth within a radius of 5.2 kilometres over the last 2 years.
The most recent example is The Old School, Morpeth, NE65 9JY, a Freehold house which sold for £930,000 in Oct 2022.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cherry Tree Drive, Swarland, Morpeth, NE65 has a total of 4 addresses. According to our analysis of all the public data, 1, Cherry Tree Drive, Morpeth is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £483k more expensive than the average property in NE65.
The closest station to 1, Cherry Tree Drive, Morpeth is Acklington station which is 6.3 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Cherry Tree Drive, Morpeth, 71.3% of property is privately owned outright and 23.8% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Cherry Tree Drive, Morpeth, 9.8% of residents are recorded as possessing school level qualifications and 47.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Cherry Tree Drive, Morpeth, the average age was 48 and the most common age was 62.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Cherry Tree Drive, Morpeth, 0.6% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Cherry Tree Drive, Morpeth, there are an average of 1.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.