According to the public record, 1, Turners Way, Morpeth is a mid-century freehold house with 1,550 ft2 of internal area and sits on a 342 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Turners Way, Morpeth, NE61 is located within the NE61 postal district.
1, Turners Way, Morpeth has a single entry in the Land Registry database from August 2020 and a single entry in the EPC database dated February 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 1 Turners Way Morpeth as £384,954 and the rental value as £1,271 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 1 Turners Way Morpeth has decreased by £6,661 (1.7%) and its rental value has increased by £62 per month (4.9%).
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, Turners Way, Morpeth is in very good condition we estimate a sale value of £404,202 and rental value of £1,335 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £358,008 and a rental value of £1,182 per month.
If you were able to purchase this property for the estimated value of £384,954, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,892 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 data from HM Land Registry, 1, Turners Way, Morpeth sits on a plot of 342m2.
We have plot size data on 11 out of 22 other houses in the postcode and 1, Turners Way, Morpeth sits on the 8th largest plot.
According to HM Land Registry, 1, Turners Way, Morpeth was last sold on 28 Aug 2020 for £305,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2020, the market for similar properties has risen 10.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Turners Way, Morpeth within a radius of 950 metres over the last 2 years.
The most recent example is 12, Turners Way, Morpeth, NE61 2YE, a Freehold house which sold for £306,900 in May 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Turners Way, Morpeth, NE61 has a total of 22 addresses. According to our analysis of all the public data, 1, Turners Way, Morpeth is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £126k more expensive than the average property in NE61.
1, Turners Way, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Feb 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Turners Way, Morpeth is Morpeth station which is 1.5 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, Turners Way, Morpeth, 52.0% of property is privately owned outright and 43.2% 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, Turners Way, Morpeth, 16.7% of residents are recorded as possessing school level qualifications and 50.8% 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, Turners Way, Morpeth, the average age was 47.5 and the most common age was 72.
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, Turners Way, Morpeth, 0.0% 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, Turners Way, Morpeth, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.