According to the public record, 23, Pelican Road, Morpeth is a modern freehold house with 1,259 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Pelican Road, North Sea Manor, Amble, Morpeth, NE65 is located within the NE65 postal district.
23, Pelican Road, Morpeth has 2 entries in the Land Registry database, most recently in June 2024 and a single entry in the EPC database dated November 2023.
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 23 Pelican Road Morpeth as £260,996 and the rental value as £1,345 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 23 Pelican Road Morpeth has increased by £716 (0.3%) and its rental value has increased by £77 per month (5.7%).
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 23, Pelican Road, Morpeth is in very good condition we estimate a sale value of £274,045 and rental value of £1,412 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £242,726 and a rental value of £1,251 per month.
If you were able to purchase this property for the estimated value of £260,996, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,283 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, Pelican Road, Morpeth was last sold on 06 Jun 2024 for £295,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2024, the market for similar properties has dropped 0.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Pelican Road, Morpeth within a radius of 940 metres over the last 2 years.
The most recent example is 12, Gannet Drive, Morpeth, NE65 0FR, a Freehold house which sold for £248,000 in Jul 2024.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pelican Road, North Sea Manor, Amble, Morpeth, NE65 has a total of 32 addresses. According to our analysis of all the public data, 23, Pelican Road, Morpeth is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £14k less expensive than the average property in NE65.
23, Pelican Road, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Nov 2023.
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 23, Pelican Road, Morpeth is Acklington station which is 5.5 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, Pelican Road, Morpeth, 73.9% of property is socially rented and 11.4% 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, Pelican Road, Morpeth, 25.6% of residents are recorded as possessing school level qualifications and 15.1% 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, Pelican Road, Morpeth, the average age was 48 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 23, Pelican Road, 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 23, Pelican Road, Morpeth, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.