According to the public record, 35, Park Drive, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,440 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Park Drive, Deuchar Park, Morpeth, NE61 is located within the NE61 postal district.
35, Park Drive, Morpeth has 31 entries in the Land Registry database, most recently in July 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 35 Park Drive Morpeth as £543,227 and the rental value as £1,387 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of 35 Park Drive Morpeth has decreased by £10,390 (1.9%) and its rental value has increased by £65 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 35, Park Drive, Morpeth is in very good condition we estimate a sale value of £570,388 and rental value of £1,457 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £505,201 and a rental value of £1,290 per month.
If you were able to purchase this property for the estimated value of £543,227, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,670 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 HM Land Registry, 35, Park Drive, Morpeth was last sold on 06 Jul 2007 for £282,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jul 2007, the market for similar properties has risen 31.1%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 35, Park Drive, Morpeth within a radius of 670 metres over the last 2 years.
The most recent example is Hope House, Sweethope Dene, Morpeth, NE61 2DZ, a Freehold house which sold for £395,000 in Sep 2020.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Drive, Deuchar Park, Morpeth, NE61 has a total of 26 addresses. According to our analysis of all the public data, 35, Park Drive, Morpeth is the 13th largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £284k more expensive than the average property in NE61.
The closest station to 35, Park Drive, 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 35, Park Drive, Morpeth, 59.9% of property is privately owned outright and 31.7% 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 35, Park Drive, Morpeth, 16.4% of residents are recorded as possessing school level qualifications and 46.9% 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 35, Park Drive, 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 35, Park Drive, Morpeth, 0.5% 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 35, Park Drive, Morpeth, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.