According to the public record, 26, Horseshoe Way, Morpeth is a modern freehold house with 1,431 ft2 of internal area and sits on a 231 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Horseshoe Way, Morpeth, NE61 is located within the NE61 postal district.
26, Horseshoe Way, Morpeth has 2 entries in the Land Registry database, most recently in February 2024 and a single entry in the EPC database dated January 2018.
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 26 Horseshoe Way Morpeth as £414,046 and the rental value as £1,238 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of 26 Horseshoe Way Morpeth has decreased by £7,919 (1.9%) and its rental value has increased by £58 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 26, Horseshoe Way, Morpeth is in very good condition we estimate a sale value of £434,749 and rental value of £1,300 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £385,063 and a rental value of £1,151 per month.
If you were able to purchase this property for the estimated value of £414,046, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,035 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, 26, Horseshoe Way, Morpeth sits on a plot of 231m2.
We have plot size data on 25 out of 25 other houses in the postcode and 26, Horseshoe Way, Morpeth sits on the 20th largest plot.
According to HM Land Registry, 26, Horseshoe Way, Morpeth was last sold on 26 Feb 2024 for £385,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2024, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 26, Horseshoe Way, Morpeth within a radius of 700 metres over the last 2 years.
The most recent example is 9, Horseshoe Way, Morpeth, NE61 2GP, a Freehold house which sold for £449,950 in Apr 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Horseshoe Way, Morpeth, NE61 has a total of 38 addresses. According to our analysis of all the public data, 26, Horseshoe Way, Morpeth is the 19th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £155k more expensive than the average property in NE61.
26, Horseshoe Way, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 26 Jan 2018.
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 26, Horseshoe Way, Morpeth is Morpeth station which is 600 metres 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 26, Horseshoe Way, Morpeth, 54.1% of property is privately owned outright and 35.0% 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 26, Horseshoe Way, Morpeth, 20.1% of residents are recorded as possessing school level qualifications and 49.0% 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 26, Horseshoe Way, 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 26, Horseshoe Way, 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 26, Horseshoe Way, Morpeth, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.