According to the public record, 2, Primrose Way, Morpeth is a modern freehold house with 1,345 ft2 of internal area and sits on a 372 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Primrose Way, Saxon Vale, Ellington, Morpeth, NE61 is located within the NE61 postal district.
2, Primrose Way, Morpeth has a single entry in the Land Registry database from January 2020 and a single entry in the EPC database dated December 2019.
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 2 Primrose Way Morpeth as £232,013 and the rental value as £1,073 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 2 Primrose Way Morpeth has decreased by £708 (0.3%) and its rental value has increased by £74 per month (6.9%).
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 2, Primrose Way, Morpeth is in very good condition we estimate a sale value of £243,614 and rental value of £1,126 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £215,773 and a rental value of £998 per month.
If you were able to purchase this property for the estimated value of £232,013, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,140 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, 2, Primrose Way, Morpeth sits on a plot of 372m2.
We have plot size data on 12 out of 15 other houses in the postcode and 2, Primrose Way, Morpeth sits on the largest plot.
According to HM Land Registry, 2, Primrose Way, Morpeth was last sold on 31 Jan 2020 for £264,350 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2020, the market for similar properties has risen 21.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Primrose Way, Morpeth within a radius of 1.6 kilometres over the last 2 years.
The most recent example is 10, Willow Way, Morpeth, NE61 5BQ, a Freehold house which sold for £225,000 in Oct 2022.
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, 2, Primrose Way, Morpeth is the 2nd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £27k less expensive than the average property in NE61.
2, Primrose Way, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Dec 2019.
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 2, 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 2, 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 2, 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 2, 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 2, 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 2, 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.