According to the public record, 3, Borage Close, Morpeth is a modern freehold house with 1,119 ft2 of internal area and sits on a 120 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Borage Close, Fairmoor Meadows, Morpeth, NE61 is located within the NE61 postal district.
3, Borage Close, Morpeth has a single entry in the Land Registry database from June 2018 and a single entry in the EPC database dated August 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 3 Borage Close Morpeth as £164,125 and the rental value as £890 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 3 Borage Close Morpeth has increased by £306 (0.2%) and its rental value has increased by £61 per month (6.8%).
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 3, Borage Close, Morpeth is in very good condition we estimate a sale value of £172,331 and rental value of £935 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £152,636 and a rental value of £828 per month.
If you were able to purchase this property for the estimated value of £164,125, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £807 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, 3, Borage Close, Morpeth sits on a plot of 120m2.
We have plot size data on 10 out of 10 other houses in the postcode and 3, Borage Close, Morpeth sits on the 6th largest plot.
According to HM Land Registry, 3, Borage Close, Morpeth was last sold on 28 Jun 2018 for £134,962 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2018, 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 3, Borage Close, Morpeth within a radius of 1.7 kilometres over the last 2 years.
The most recent example is 1, Borage Close, Morpeth, NE61 3FH, a Freehold house which sold for £161,250 in Feb 2022.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Borage Close, Fairmoor Meadows, Morpeth, NE61 has a total of 10 addresses. According to our analysis of all the public data, 3, Borage Close, Morpeth is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £95k less expensive than the average property in NE61.
3, Borage Close, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Aug 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 3, Borage Close, Morpeth is Morpeth station which is 2.7 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 3, Borage Close, Morpeth, 29.4% of property is privately owned outright and 28.8% is socially rented.
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 3, Borage Close, Morpeth, 13.5% of residents are recorded as possessing school level qualifications and 34.4% 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 3, Borage Close, Morpeth, the average age was 44.7 and the most common age was 57.
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 3, Borage Close, Morpeth, 0.9% 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 3, Borage Close, Morpeth, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.