According to the public record, 12, Nursery Mews, Morpeth is a modern freehold house with 1,151 ft2 of internal area and sits on a 115 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Nursery Mews, Morpeth, NE61 is located within the NE61 postal district.
12, Nursery Mews, Morpeth has 31 entries in the Land Registry database, most recently in June 2018 and a single entry in the EPC database dated March 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 Nursery Mews Morpeth as £255,266 and the rental value as £1,193 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 12 Nursery Mews Morpeth has decreased by £1,246 (0.5%) and its rental value has increased by £74 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 12, Nursery Mews, Morpeth is in very good condition we estimate a sale value of £268,029 and rental value of £1,253 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £237,397 and a rental value of £1,110 per month.
If you were able to purchase this property for the estimated value of £255,266, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,255 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, Nursery Mews, Morpeth sits on a plot of 115m2.
We have plot size data on 15 out of 18 other houses in the postcode and 12, Nursery Mews, Morpeth sits on the 11th largest plot.
According to HM Land Registry, 12, Nursery Mews, Morpeth was last sold on 08 Jun 2018 for £175,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2018, the market for similar properties has risen 22.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Nursery Mews, Morpeth within a radius of 610 metres over the last 2 years.
The most recent example is 9, The Covers, Morpeth, NE61 2RU, a Freehold house which sold for £320,000 in Mar 2022.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Nursery Mews, Morpeth, NE61 has a total of 18 addresses. According to our analysis of all the public data, 12, Nursery Mews, Morpeth is the 12th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £4k less expensive than the average property in NE61.
12, Nursery Mews, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 31 Mar 2018.
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 12, Nursery Mews, Morpeth is Morpeth station which is 300 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 12, Nursery Mews, Morpeth, 52.8% of property is privately owned outright and 37.3% 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, Nursery Mews, Morpeth, 22.3% of residents are recorded as possessing school level qualifications and 50.2% 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, Nursery Mews, 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, Nursery Mews, 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 12, Nursery Mews, 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.