According to the public record, 25, Morwick Road, Morpeth is a mid-century freehold house with 1,776 ft2 of internal area and sits on a 995 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Morwick Road, Warkworth, Morpeth, NE65 is located within the NE65 postal district.
25, Morwick Road, Morpeth has a single entry in the Land Registry database from June 2020 and a single entry in the EPC database dated February 2020.
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 25 Morwick Road Morpeth as £420,372 and the rental value as £1,513 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 25 Morwick Road Morpeth has decreased by £7,816 (1.9%) and its rental value has increased by £52 per month (3.4%).
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 25, Morwick Road, Morpeth is in very good condition we estimate a sale value of £441,390 and rental value of £1,589 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £390,946 and a rental value of £1,407 per month.
If you were able to purchase this property for the estimated value of £420,372, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,066 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, 25, Morwick Road, Morpeth sits on a plot of 995m2.
We have plot size data on 2 out of 8 other houses in the postcode and 25, Morwick Road, Morpeth sits on the 2nd largest plot.
According to HM Land Registry, 25, Morwick Road, Morpeth was last sold on 26 Jun 2020 for £330,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2020, the market for similar properties has risen 24.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 25, Morwick Road, Morpeth within a radius of 2.5 kilometres over the last 2 years.
The most recent example is 2, Greensfield Close, Morpeth, NE65 0XG, a Freehold house which sold for £400,000 in Mar 2023.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morwick Road, Warkworth, Morpeth, NE65 has a total of 71 addresses. According to our analysis of all the public data, 25, Morwick Road, Morpeth is the 13th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £145k more expensive than the average property in NE65.
25, Morwick Road, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Feb 2020.
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 25, Morwick Road, Morpeth is Acklington station which is 4.0 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 25, Morwick Road, Morpeth, 52.4% of property is socially rented and 21.3% 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 25, Morwick Road, Morpeth, 9.7% of residents are recorded as possessing school level qualifications and 31.1% 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 25, Morwick 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 25, Morwick Road, Morpeth, 1.3% 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 25, Morwick Road, Morpeth, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.