According to the public record, 3 Eastfield Farm Cottages, Morpeth is a modern freehold house with 828 ft2 of internal area and sits on a 831 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Eastfield, Morpeth, NE65 is located within the NE65 postal district.
3 Eastfield Farm Cottages, Morpeth has 61 entries in the Land Registry database, most recently in September 2024 and a single entry in the EPC database dated November 2021.
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 Eastfield Farm Cottages Morpeth as £315,548 and the rental value as £1,223 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 3 Eastfield Farm Cottages Morpeth has decreased by £2,054 (0.7%) 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 3 Eastfield Farm Cottages, Morpeth is in very good condition we estimate a sale value of £331,326 and rental value of £1,285 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,460 and a rental value of £1,138 per month.
If you were able to purchase this property for the estimated value of £315,548, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,551 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 Eastfield Farm Cottages, Morpeth sits on a plot of 831m2.
We have plot size data on 11 out of 14 other houses in the postcode and 3 Eastfield Farm Cottages, Morpeth sits on the 8th largest plot.
According to HM Land Registry, 3 Eastfield Farm Cottages, Morpeth was last sold on 09 Jun 2017 for £331,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3 Eastfield Farm Cottages, Morpeth within a radius of 4.0 kilometres over the last 2 years.
The most recent example is 1 Eastfield Farm Cottages, Morpeth, NE65 0YE, a Freehold house which sold for £445,000 in Dec 2022.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eastfield, Morpeth, NE65 has a total of 37 addresses. According to our analysis of all the public data, 3 Eastfield Farm Cottages, Morpeth is the 35th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in NE65.
3 Eastfield Farm Cottages, Morpeth has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 25 Nov 2021.
The property is not connected to mains gas and has mostly double glazing. It is heated using Room heaters, electric.
The closest station to 3 Eastfield Farm Cottages, Morpeth is Alnmouth station which is 4.5 kilometres away.