According to the public record, 1, Willow Close, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 914 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Willow Close, Morpeth, NE61 is located within the NE61 postal district.
1, Willow Close, Morpeth has 41 entries in the Land Registry database, most recently in March 2006 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 Willow Close Morpeth as £167,896 and the rental value as £987 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 1 Willow Close Morpeth has increased by £2,671 (1.6%) and its rental value has increased by £83 per month (8.4%).
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, Willow Close, Morpeth is in very good condition we estimate a sale value of £176,291 and rental value of £1,037 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £156,144 and a rental value of £918 per month.
If you were able to purchase this property for the estimated value of £167,896, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £825 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, Willow Close, Morpeth was last sold on 17 Mar 2006 for £178,750 and was recorded as a freehold house.
The property has had 4 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Willow Close, Morpeth within a radius of 750 metres over the last 2 years.
The most recent example is 7, Noble Terrace, Morpeth, NE61 1UF, a Freehold house which sold for £163,000 in Sep 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Willow Close, Morpeth, NE61 has a total of 42 addresses. According to our analysis of all the public data, 1, Willow Close, Morpeth is the largest and the 4th most expensive property on the street.
When compared to the postcode district it is £91k less expensive than the average property in NE61.
The closest station to 1, Willow Close, Morpeth is Morpeth station which is 400 metres 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, Willow Close, Morpeth, 52.6% of property is privately owned outright and 25.0% 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, Willow Close, Morpeth, 8.1% of residents are recorded as possessing school level qualifications and 48.4% 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, Willow Close, Morpeth, the average age was 48.3 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, Willow Close, 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, Willow Close, Morpeth, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.