According to the public record, 23, Middlegate, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,113 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Middlegate, Loansdean, Morpeth, NE61 is located within the NE61 postal district.
23, Middlegate, Morpeth has 21 entries in the Land Registry database, most recently in June 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 23 Middlegate Morpeth as £294,891 and the rental value as £1,199 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 23 Middlegate Morpeth has decreased by £2,426 (0.8%) and its rental value has increased by £70 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 23, Middlegate, Morpeth is in very good condition we estimate a sale value of £309,635 and rental value of £1,259 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £274,248 and a rental value of £1,116 per month.
If you were able to purchase this property for the estimated value of £294,891, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,449 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 HM Land Registry, 23, Middlegate, Morpeth was last sold on 13 Jun 2008 for £217,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2008, the market for similar properties has risen 32.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Middlegate, Morpeth within a radius of 880 metres over the last 2 years.
The most recent example is 31, Middlegate, Morpeth, NE61 2DD, a Freehold house which sold for £235,000 in Aug 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Middlegate, Loansdean, Morpeth, NE61 has a total of 36 addresses. According to our analysis of all the public data, 23, Middlegate, Morpeth is the 8th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £36k more expensive than the average property in NE61.
The closest station to 23, Middlegate, Morpeth is Morpeth station which is 1.1 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 23, Middlegate, 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 23, Middlegate, 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 23, Middlegate, 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 23, Middlegate, 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 23, Middlegate, 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.