According to the public record, 41, Patton Way, Morpeth is a mid-century freehold house with 914 ft2 of internal area and sits on a 162 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Patton Way, Pegswood, Morpeth, NE61 is located within the NE61 postal district.
41, Patton Way, Morpeth has a single entry in the Land Registry database from May 2014 and a single entry in the EPC database dated September 2013.
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 41 Patton Way Morpeth as £96,526 and the rental value as £562 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 41 Patton Way Morpeth has increased by £2,135 (2.2%) and its rental value has increased by £51 per month (9.1%).
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 41, Patton Way, Morpeth is in very good condition we estimate a sale value of £101,352 and rental value of £590 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £89,769 and a rental value of £522 per month.
If you were able to purchase this property for the estimated value of £96,526, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £474 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, 41, Patton Way, Morpeth sits on a plot of 162m2.
We have plot size data on 12 out of 32 other houses in the postcode and 41, Patton Way, Morpeth sits on the 6th largest plot.
According to HM Land Registry, 41, Patton Way, Morpeth was last sold on 09 May 2014 for £60,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2014, the market for similar properties has risen 37.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Patton Way, Morpeth within a radius of 2.1 kilometres over the last 2 years.
The most recent example is 3, Whitefield Crescent, Morpeth, NE61 6SF, a Freehold house which sold for £90,000 in Oct 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Patton Way, Pegswood, Morpeth, NE61 has a total of 32 addresses. According to our analysis of all the public data, 41, Patton Way, Morpeth is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £162k less expensive than the average property in NE61.
41, Patton Way, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Sep 2013.
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 41, Patton Way, Morpeth is Pegswood 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 41, Patton Way, Morpeth, 50.0% of property is socially rented and 19.7% is privately owned outright.
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 41, Patton Way, Morpeth, 15.6% of residents are recorded as possessing school level qualifications and 14.0% 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 41, Patton Way, Morpeth, the average age was 45.1 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 41, Patton Way, 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 41, Patton Way, Morpeth, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.