According to the public record, 12, Baron Lane, Morpeth is a modern freehold house with 1,087 ft2 of internal area and sits on a 230 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Baron Lane, Collingwood Manor, Morpeth, NE61 is located within the NE61 postal district.
12, Baron Lane, Morpeth has a single entry in the Land Registry database from April 2018 and a single entry in the EPC database dated May 2018.
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 12 Baron Lane Morpeth as £337,783 and the rental value as £1,222 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 12 Baron Lane Morpeth has decreased by £2,779 (0.8%) and its rental value has increased by £72 per month (5.9%).
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 12, Baron Lane, Morpeth is in very good condition we estimate a sale value of £354,673 and rental value of £1,283 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £314,139 and a rental value of £1,137 per month.
If you were able to purchase this property for the estimated value of £337,783, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,660 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, 12, Baron Lane, Morpeth sits on a plot of 230m2.
We have plot size data on 14 out of 14 other houses in the postcode and 12, Baron Lane, Morpeth sits on the 11th largest plot.
According to HM Land Registry, 12, Baron Lane, Morpeth was last sold on 30 Apr 2018 for £254,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2018, the market for similar properties has risen 21.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Baron Lane, Morpeth within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 8, Caldburne Drive, Morpeth, NE61 2FS, a Freehold house which sold for £315,000 in May 2022.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Baron Lane, Collingwood Manor, Morpeth, NE61 has a total of 14 addresses. According to our analysis of all the public data, 12, Baron Lane, Morpeth is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £79k more expensive than the average property in NE61.
12, Baron Lane, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 May 2018.
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 12, Baron Lane, Morpeth is Morpeth station which is 1.3 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 12, Baron Lane, Morpeth, 48.8% of property is privately owned outright and 43.8% 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 12, Baron Lane, Morpeth, 19.9% of residents are recorded as possessing school level qualifications and 68.0% 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 12, Baron Lane, 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 12, Baron Lane, Morpeth, 2.3% 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 12, Baron Lane, 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.