According to the public record, 43, Main Street, Morpeth is a modern freehold house with 2,109 ft2 of internal area and sits on a 338 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Main Street, Felton, Morpeth, NE65 is located within the NE65 postal district.
43, Main Street, Morpeth has a single entry in the Land Registry database from October 2020 and a single entry in the EPC database dated July 2020.
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 43 Main Street Morpeth as £416,742 and the rental value as £1,648 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 43 Main Street Morpeth has decreased by £8,063 (1.9%) and its rental value has increased by £59 per month (3.6%).
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 43, Main Street, Morpeth is in very good condition we estimate a sale value of £437,579 and rental value of £1,730 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £387,570 and a rental value of £1,533 per month.
If you were able to purchase this property for the estimated value of £416,742, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,048 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, 43, Main Street, Morpeth sits on a plot of 338m2.
We have plot size data on 12 out of 22 other houses in the postcode and 43, Main Street, Morpeth sits on the 5th largest plot.
According to HM Land Registry, 43, Main Street, Morpeth was last sold on 06 Oct 2020 for £420,000 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 19.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 43, Main Street, Morpeth within a radius of 5.6 kilometres over the last 2 years.
The most recent example is 62B, Main Street, Morpeth, NE65 9PZ, a Freehold house which sold for £500,000 in Jul 2021.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Main Street, Felton, Morpeth, NE65 has a total of 86 addresses. According to our analysis of all the public data, 43, Main Street, Morpeth is the 6th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £141k more expensive than the average property in NE65.
43, Main Street, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Jul 2020.
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 43, Main Street, Morpeth is Acklington station which is 3.9 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 43, Main Street, Morpeth, 53.9% of property is privately owned outright and 35.3% 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 43, Main Street, Morpeth, 12.3% of residents are recorded as possessing school level qualifications and 61.7% 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 43, Main Street, 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 43, Main Street, Morpeth, 4.5% 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 43, Main Street, Morpeth, there are an average of 1.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.