According to the public record, 47, Gannet Drive, Morpeth is a modern freehold house with 850 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gannet Drive, North Sea Manor, Amble, Morpeth, NE65 is located within the NE65 postal district.
47, Gannet Drive, Morpeth has a single entry in the Land Registry database from June 2023 and a single entry in the EPC database dated March 2023.
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 47 Gannet Drive Morpeth as £199,174 and the rental value as £1,184 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 47 Gannet Drive Morpeth has increased by £3,106 (1.6%) and its rental value has increased by £83 per month (7.0%).
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 47, Gannet Drive, Morpeth is in very good condition we estimate a sale value of £209,133 and rental value of £1,243 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £185,232 and a rental value of £1,101 per month.
If you were able to purchase this property for the estimated value of £199,174, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £979 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 HM Land Registry, 47, Gannet Drive, Morpeth was last sold on 30 Jun 2023 for £192,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2023, the market for similar properties has risen 3.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47, Gannet Drive, Morpeth within a radius of 930 metres over the last 2 years.
The most recent example is 45, Gannet Drive, Morpeth, NE65 0FR, a Freehold house which sold for £187,950 in Jan 2023.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gannet Drive, North Sea Manor, Amble, Morpeth, NE65 has a total of 64 addresses. According to our analysis of all the public data, 47, Gannet Drive, Morpeth is the 47th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £76k less expensive than the average property in NE65.
47, Gannet Drive, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 16 Mar 2023.
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 47, Gannet Drive, Morpeth is Acklington station which is 5.3 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 47, Gannet Drive, Morpeth, 32.0% of property is privately owned outright and 24.3% 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 47, Gannet Drive, Morpeth, 18.1% of residents are recorded as possessing school level qualifications and 23.0% 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 47, Gannet Drive, 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 47, Gannet Drive, 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 47, Gannet Drive, Morpeth, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.