According to the public record, 3, Cottinglea, Morpeth is a mid-century freehold house with 1,578 ft2 of internal area and sits on a 313 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Cottinglea, Morpeth, NE61 is located within the NE61 postal district.
3, Cottinglea, Morpeth has 2 entries in the Land Registry database, most recently in February 2013 and a single entry in the EPC database dated February 2009.
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 Cottinglea Morpeth as £403,261 and the rental value as £1,267 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 3 Cottinglea Morpeth has decreased by £7,687 (1.9%) and its rental value has increased by £59 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 3, Cottinglea, Morpeth is in very good condition we estimate a sale value of £423,424 and rental value of £1,331 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £375,032 and a rental value of £1,179 per month.
If you were able to purchase this property for the estimated value of £403,261, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,982 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, Cottinglea, Morpeth sits on a plot of 313m2.
We have plot size data on 5 out of 6 other houses in the postcode and 3, Cottinglea, Morpeth sits on the 5th largest plot.
According to HM Land Registry, 3, Cottinglea, Morpeth was last sold on 28 Feb 2013 for £260,500 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2013, the market for similar properties has risen 40.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Cottinglea, Morpeth within a radius of 780 metres over the last 2 years.
The most recent example is 3, South Terrace, Morpeth, NE61 1DZ, a Freehold house which sold for £365,000 in Nov 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cottinglea, Morpeth, NE61 has a total of 6 addresses. According to our analysis of all the public data, 3, Cottinglea, Morpeth is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £144k more expensive than the average property in NE61.
3, Cottinglea, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 17 Feb 2009.
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 3, Cottinglea, Morpeth is Morpeth station which is 1.3 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, Cottinglea, Morpeth, 67.3% of property is privately owned outright and 22.0% 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 3, Cottinglea, Morpeth, 14.3% of residents are recorded as possessing school level qualifications and 54.0% 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 3, Cottinglea, Morpeth, the average age was 45.1 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 3, Cottinglea, Morpeth, 1.4% 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 3, Cottinglea, 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.