According to the public record, 41, Willow Way, Morpeth is a modern freehold house with 990 ft2 of internal area and sits on a 314 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Willow Way, Saxon Vale, Ellington, Morpeth, NE61 is located within the NE61 postal district.
41, Willow Way, Morpeth has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated February 2021.
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 good condition, we estimate the current sale value for 41 Willow Way Morpeth as £200,598 and the rental value as £1,039 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 41 Willow Way Morpeth has increased by £4,780 (2.4%) and its rental value has increased by £102 per month (9.8%).
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, Willow Way, Morpeth is in very good condition we estimate a sale value of £210,628 and rental value of £1,091 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £186,556 and a rental value of £966 per month.
If you were able to purchase this property for the estimated value of £200,598, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £986 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, Willow Way, Morpeth sits on a plot of 314m2.
We have plot size data on 33 out of 49 other houses in the postcode and 41, Willow Way, Morpeth sits on the 3rd largest plot.
According to HM Land Registry, 41, Willow Way, Morpeth was last sold on 19 Mar 2021 for £209,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 15.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Willow Way, Morpeth within a radius of 1.6 kilometres over the last 2 years.
The most recent example is 3, Ivy Close, Morpeth, NE61 5DH, a Freehold house which sold for £189,000 in Mar 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Willow Way, Saxon Vale, Ellington, Morpeth, NE61 has a total of 49 addresses. According to our analysis of all the public data, 41, Willow Way, Morpeth is the 23rd largest and the 21st most expensive property on the street.
When compared to the postcode district it is £58k less expensive than the average property in NE61.
41, Willow Way, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Feb 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 41, Willow Way, Morpeth is Ashington station which is 4.1 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 41, Willow Way, Morpeth, 44.4% of property is privately owned outright and 35.2% 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 41, Willow Way, Morpeth, 14.0% of residents are recorded as possessing school level qualifications and 25.4% 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 41, Willow Way, Morpeth, the average age was 45 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, Willow Way, Morpeth, 1.2% 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, Willow Way, Morpeth, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.