According to the public record, 40, Grange Road, Morpeth is a mid-century freehold house and with 1,097 ft2 of internal area and sits on a 275 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Grange Road, Morpeth, NE61 is located within the NE61 postal district.
40, Grange Road, Morpeth has a single entry in the Land Registry database from November 2015 and no records in the EPC database.
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 40 Grange Road Morpeth as £264,651 and the rental value as £1,184 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 40 Grange Road Morpeth has decreased by £1,292 (0.5%) and its rental value has increased by £73 per month (6.2%).
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 40, Grange Road, Morpeth is in very good condition we estimate a sale value of £277,883 and rental value of £1,243 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £246,125 and a rental value of £1,101 per month.
If you were able to purchase this property for the estimated value of £264,651, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,301 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, 40, Grange Road, Morpeth sits on a plot of 275m2.
We have plot size data on 16 out of 28 other houses in the postcode and 40, Grange Road, Morpeth sits on the 11th largest plot.
According to HM Land Registry, 40, Grange Road, Morpeth was last sold on 16 Nov 2015 for £185,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2015, the market for similar properties has risen 29.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Grange Road, Morpeth within a radius of 212m over the last 2 years.
The most recent example is 10, Rookswood, Morpeth, NE61 2UB, a Freehold house which sold for £240,000 in Dec 2023.
Read more about house prices in NE61.
Grange Road, Morpeth, NE61 has a total of 76 addresses. According to our analysis of all the public data, 40, Grange Road, Morpeth is the 27th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £6k more expensive than the average property in NE61.
40, Grange Road, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Aug 2015.
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 40, Grange Road, Morpeth is Morpeth station which is 500 m 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 40, Grange Road, Morpeth, 67.7% of property is privately owned outright and 25.4% 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 40, Grange Road, Morpeth, 11.8% of residents are recorded as possessing school level qualifications and 35.1% 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 40, Grange Road, 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 40, Grange Road, Morpeth, 0.8% 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 40, Grange Road, Morpeth, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.