According to the public record, 13, Norham Drive, Morpeth is a modern freehold house with 1,851 ft2 of internal area and sits on a 695 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Norham Drive, Morpeth, NE61 is located within the NE61 postal district.
13, Norham Drive, Morpeth has 21 entries in the Land Registry database, most recently in June 2021 and a single entry in the EPC database dated July 2015.
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 13 Norham Drive Morpeth as £453,803 and the rental value as £1,362 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of 13 Norham Drive Morpeth has decreased by £8,038 (1.8%) and its rental value has increased by £64 per month (4.7%).
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 13, Norham Drive, Morpeth is in very good condition we estimate a sale value of £476,493 and rental value of £1,430 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £422,037 and a rental value of £1,267 per month.
If you were able to purchase this property for the estimated value of £453,803, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,230 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, 13, Norham Drive, Morpeth sits on a plot of 695m2.
We have plot size data on 40 out of 55 other houses in the postcode and 13, Norham Drive, Morpeth sits on the 4th largest plot.
According to HM Land Registry, 13, Norham Drive, Morpeth was last sold on 25 Jun 2021 for £451,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2021, the market for similar properties has risen 8.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 13, Norham Drive, Morpeth within a radius of 800 metres over the last 2 years.
The most recent example is 18, Eglingham Close, Morpeth, NE61 2XQ, a Freehold house which sold for £475,000 in Aug 2022.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Norham Drive, Morpeth, NE61 has a total of 55 addresses. According to our analysis of all the public data, 13, Norham Drive, Morpeth is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £195k more expensive than the average property in NE61.
13, Norham Drive, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Jul 2015.
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 13, Norham Drive, Morpeth is Morpeth station which is 1.2 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 13, Norham Drive, Morpeth, 45.8% of property is privately owned with a mortgage and 43.0% is privately owned outright.
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 13, Norham Drive, Morpeth, 23.9% of residents are recorded as possessing school level qualifications and 56.5% 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 13, Norham Drive, Morpeth, the average age was 44.7 and the most common age was 57.
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 13, Norham Drive, Morpeth, 1.8% 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 13, Norham Drive, 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.