According to the public record, 4, Chesterwell, Morpeth is a modern freehold house with 1,184 ft2 of internal area and sits on a 601 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Chesterwell, Swarland, Morpeth, NE65 is located within the NE65 postal district.
4, Chesterwell, Morpeth has a single entry in the Land Registry database from October 2020 and a single entry in the EPC database dated June 2019.
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 4 Chesterwell Morpeth as £376,405 and the rental value as £1,330 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of 4 Chesterwell Morpeth has decreased by £845 (0.2%) and its rental value has increased by £71 per month (5.4%).
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 4, Chesterwell, Morpeth is in very good condition we estimate a sale value of £395,225 and rental value of £1,397 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £350,056 and a rental value of £1,237 per month.
If you were able to purchase this property for the estimated value of £376,405, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,850 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, 4, Chesterwell, Morpeth sits on a plot of 601m2.
We have plot size data on 12 out of 20 other houses in the postcode and 4, Chesterwell, Morpeth sits on the 11th largest plot.
According to HM Land Registry, 4, Chesterwell, Morpeth was last sold on 29 Oct 2020 for £330,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2020, the market for similar properties has risen 21.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Chesterwell, Morpeth within a radius of 5.0 kilometres over the last 2 years.
The most recent example is 7, Kenmore Road, Morpeth, NE65 9JS, a Freehold house which sold for £320,000 in Nov 2022.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chesterwell, Swarland, Morpeth, NE65 has a total of 20 addresses. According to our analysis of all the public data, 4, Chesterwell, Morpeth is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £101k more expensive than the average property in NE65.
4, Chesterwell, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Jun 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 4, Chesterwell, Morpeth is Acklington station which is 6.2 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 4, Chesterwell, Morpeth, 66.7% of property is privately owned outright and 30.7% 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 4, Chesterwell, Morpeth, 10.1% of residents are recorded as possessing school level qualifications and 48.6% 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 4, Chesterwell, Morpeth, the average age was 48 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 4, Chesterwell, 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 4, Chesterwell, Morpeth, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.