According to the public record, 40, Park Road, Morpeth is a early-century freehold house with 990 ft2 of internal area and sits on a 787 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Park Road, Swarland, Morpeth, NE65 is located within the NE65 postal district.
40, Park Road, Morpeth has 21 entries in the Land Registry database, most recently in March 2018 and a single entry in the EPC database dated December 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 40 Park Road Morpeth as £400,358 and the rental value as £1,214 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of 40 Park Road Morpeth has decreased by £899 (0.2%) and its rental value has increased by £65 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 40, Park Road, Morpeth is in very good condition we estimate a sale value of £420,376 and rental value of £1,275 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £372,333 and a rental value of £1,129 per month.
If you were able to purchase this property for the estimated value of £400,358, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,968 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, Park Road, Morpeth sits on a plot of 787m2.
We have plot size data on 21 out of 29 other houses in the postcode and 40, Park Road, Morpeth sits on the 14th largest plot.
According to HM Land Registry, 40, Park Road, Morpeth was last sold on 08 Mar 2018 for £195,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2018, the market for similar properties has risen 31.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Park Road, Morpeth within a radius of 5.2 kilometres over the last 2 years.
The most recent example is 28, Park Road, Morpeth, NE65 9JD, a Freehold house which sold for £330,000 in Jul 2022.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Park Road, Swarland, Morpeth, NE65 has a total of 31 addresses. According to our analysis of all the public data, 40, Park Road, Morpeth is the 23rd largest and the 20th most expensive property on the street.
When compared to the postcode district it is £125k more expensive than the average property in NE65.
40, Park Road, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Dec 2017.
The property is not connected to mains gas and has partial secondary glazing. It is heated using an oil fired boiler and radiators.
The closest station to 40, Park Road, Morpeth is Acklington station which is 6.0 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 40, Park Road, 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 40, Park Road, 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 40, Park Road, 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 40, Park Road, 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 40, Park Road, 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.