According to the public record, 28, Shields Road, Morpeth is a early-century leasehold house with 1,108 ft2 of internal area and sits on a 250 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Shields Road, Morpeth, NE61 is located within the NE61 postal district.
28, Shields Road, Morpeth has a single entry in the Land Registry database from December 2023 and a single entry in the EPC database dated August 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 reasonable condition, we estimate the current sale value for 28 Shields Road Morpeth as £170,330 and the rental value as £927 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 28 Shields Road Morpeth has decreased by £832 (0.5%) and its rental value has increased by £57 per month (6.2%).
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 28, Shields Road, Morpeth is in very good condition we estimate a sale value of £178,847 and rental value of £974 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,407 and a rental value of £862 per month.
If you were able to purchase this property for the estimated value of £170,330, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £837 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, 28, Shields Road, Morpeth sits on a plot of 250m2.
We have plot size data on 4 out of 11 other houses in the postcode and 28, Shields Road, Morpeth sits on the 5th largest plot.
According to HM Land Registry, 28, Shields Road, Morpeth was last sold on 08 Dec 2023 for £145,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2023, the market for similar properties has risen 3.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 28, Shields Road, Morpeth within a radius of 620 metres over the last 2 years.
The most recent example is 22, Jobling Crescent, Morpeth, NE61 2RY, a Freehold house which sold for £155,000 in Aug 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Shields Road, Morpeth, NE61 has a total of 64 addresses. According to our analysis of all the public data, 28, Shields Road, Morpeth is the 18th largest and the most expensive property on the street.
When compared to the postcode district it is £89k less expensive than the average property in NE61.
28, Shields Road, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Aug 2023.
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 28, Shields Road, Morpeth is Morpeth station which is 400 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 28, Shields Road, Morpeth, 30.5% of property is privately owned outright and 26.3% 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 28, Shields Road, Morpeth, 17.1% of residents are recorded as possessing school level qualifications and 36.6% 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 28, Shields Road, 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 28, Shields 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 28, Shields Road, Morpeth, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.