According to the public record, 10, Felton Close, Morpeth is a modern freehold house with 688 ft2 of internal area and sits on a 511 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Felton Close, Morpeth, NE61 is located within the NE61 postal district.
10, Felton Close, Morpeth has a single entry in the Land Registry database from November 2023 and a single entry in the EPC database dated May 2023.
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 10 Felton Close Morpeth as £297,201 and the rental value as £992 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 10 Felton Close Morpeth has decreased by £1,451 (0.5%) and its rental value has increased by £61 per month (6.2%).
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 10, Felton Close, Morpeth is in very good condition we estimate a sale value of £312,061 and rental value of £1,041 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £276,397 and a rental value of £922 per month.
If you were able to purchase this property for the estimated value of £297,201, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,461 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, 10, Felton Close, Morpeth sits on a plot of 511m2.
We have plot size data on 12 out of 14 other houses in the postcode and 10, Felton Close, Morpeth sits on the 2nd largest plot.
According to HM Land Registry, 10, Felton Close, Morpeth was last sold on 10 Nov 2023 for £292,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2023, the market for similar properties has risen 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Felton Close, Morpeth within a radius of 770 metres over the last 2 years.
The most recent example is 7, Felton Close, Morpeth, NE61 2TG, a Freehold house which sold for £279,950 in Sep 2022.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Felton Close, Morpeth, NE61 has a total of 14 addresses. According to our analysis of all the public data, 10, Felton Close, Morpeth is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in NE61.
10, Felton Close, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 May 2023.
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 10, Felton Close, Morpeth is Morpeth station which is 1.0 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 10, Felton Close, Morpeth, 61.3% of property is privately owned outright and 32.1% 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 10, Felton Close, Morpeth, 20.3% of residents are recorded as possessing school level qualifications and 50.3% 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 10, Felton Close, 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 10, Felton Close, Morpeth, 0.8% 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 10, Felton Close, Morpeth, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.