According to the public record, 38, Willow Close, Morpeth is a modern freehold house with 387 ft2 of internal area and sits on a 63.7 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Willow Close, Morpeth, NE61 is located within the NE61 postal district.
38, Willow Close, Morpeth has a single entry in the Land Registry database from March 2019 and a single entry in the EPC database dated November 2017.
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 38 Willow Close Morpeth as £114,596 and the rental value as £697 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 38 Willow Close Morpeth has increased by £2,450 (2.1%) and its rental value has increased by £62 per month (9.0%).
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 38, Willow Close, Morpeth is in very good condition we estimate a sale value of £120,326 and rental value of £732 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £106,574 and a rental value of £648 per month.
If you were able to purchase this property for the estimated value of £114,596, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £563 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, 38, Willow Close, Morpeth sits on a plot of 64m2.
We have plot size data on 30 out of 39 other houses in the postcode and 38, Willow Close, Morpeth sits on the 11th largest plot.
According to HM Land Registry, 38, Willow Close, Morpeth was last sold on 29 Mar 2019 for £87,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2019, the market for similar properties has risen 28.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 38, Willow Close, Morpeth within a radius of 780 metres over the last 2 years.
The most recent example is 7, Willow Close, Morpeth, NE61 1XG, a Freehold house which sold for £98,000 in May 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Willow Close, Morpeth, NE61 has a total of 42 addresses. According to our analysis of all the public data, 38, Willow Close, Morpeth is the 32nd largest and the 30th most expensive property on the street.
When compared to the postcode district it is £144k less expensive than the average property in NE61.
38, Willow Close, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Nov 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to 38, Willow Close, 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 38, Willow Close, Morpeth, 52.6% of property is privately owned outright and 25.0% 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 38, Willow Close, Morpeth, 8.1% of residents are recorded as possessing school level qualifications and 48.4% 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 38, Willow Close, Morpeth, the average age was 48.3 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 38, Willow Close, 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 38, Willow Close, Morpeth, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.