According to the public record, 26, Spelvit Lane, Morpeth is a mid-century house with 947 ft2 of internal area and sits on a 118 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spelvit Lane, Morpeth, NE61 is located within the NE61 postal district.
26, Spelvit Lane, Morpeth has no records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 Spelvit Lane Morpeth as £156,889 and the rental value as £903 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 26 Spelvit Lane Morpeth has increased by £2,693 (1.7%) and its rental value has increased by £77 per month (8.5%).
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, Spelvit Lane, Morpeth is in very good condition we estimate a sale value of £164,733 and rental value of £948 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £145,907 and a rental value of £840 per month.
If you were able to purchase this property for the estimated value of £156,889, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £771 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, Spelvit Lane, Morpeth sits on a plot of 118m2.
We have plot size data on 14 out of 27 other houses in the postcode and 26, Spelvit Lane, Morpeth sits on the 14th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 26, Spelvit Lane, Morpeth within a radius of 109m over the last 2 years.
The most recent example is 9, Spelvit Lane, Morpeth, NE61 2RD, a Freehold house which sold for £160,000 in Dec 2023.
Read more about house prices in NE61.
Spelvit Lane, Morpeth, NE61 has a total of 53 addresses. According to our analysis of all the public data, 26, Spelvit Lane, Morpeth is the 26th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £102k less expensive than the average property in NE61.
26, Spelvit Lane, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Oct 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 26, Spelvit Lane, Morpeth is Morpeth station which is 900 m 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, Spelvit Lane, Morpeth, 63.5% of property is privately owned outright and 23.8% 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 26, Spelvit Lane, Morpeth, 12.4% of residents are recorded as possessing school level qualifications and 33.6% 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, Spelvit Lane, Morpeth, the average age was 48.3 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 26, Spelvit Lane, Morpeth, 0.4% 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, Spelvit Lane, 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.