According to the public record, 10, Primrose Way, Morpeth is a modern freehold house with 968 ft2 of internal area and sits on a 198 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Primrose Way, Saxon Vale, Ellington, Morpeth, NE61 is located within the NE61 postal district.
10, Primrose Way, Morpeth has a single entry in the Land Registry database from January 2021 and a single entry in the EPC database dated November 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 good condition, we estimate the current sale value for 10 Primrose Way Morpeth as £192,563 and the rental value as £1,002 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 10 Primrose Way Morpeth has increased by £4,589 (2.4%) and its rental value has increased by £98 per month (9.8%).
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, Primrose Way, Morpeth is in very good condition we estimate a sale value of £202,191 and rental value of £1,052 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £179,084 and a rental value of £932 per month.
If you were able to purchase this property for the estimated value of £192,563, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £946 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, Primrose Way, Morpeth sits on a plot of 198m2.
We have plot size data on 12 out of 15 other houses in the postcode and 10, Primrose Way, Morpeth sits on the 3rd largest plot.
According to HM Land Registry, 10, Primrose Way, Morpeth was last sold on 11 Jan 2021 for £189,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2021, the market for similar properties has risen 17.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Primrose Way, Morpeth within a radius of 1.6 kilometres over the last 2 years.
The most recent example is 33, Meadow Way, Morpeth, NE61 5FB, a Freehold house which sold for £199,950 in Mar 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Primrose Way, Saxon Vale, Ellington, Morpeth, NE61 has a total of 15 addresses. According to our analysis of all the public data, 10, Primrose Way, Morpeth is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in NE61.
10, Primrose Way, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Nov 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 10, Primrose Way, Morpeth is Ashington station which is 4.1 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, Primrose Way, Morpeth, 44.4% of property is privately owned outright and 35.2% 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 10, Primrose Way, Morpeth, 14.0% of residents are recorded as possessing school level qualifications and 25.4% 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 10, Primrose Way, Morpeth, the average age was 45 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 10, Primrose Way, Morpeth, 1.2% 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, Primrose Way, Morpeth, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.