5, Cheviot Way, Morpeth has 2 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated June 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
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 5, Cheviot Way, Morpeth is in very good condition we estimate a sale value of £382,893 and rental value of £1,336 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £339,134 and a rental value of £1,183 per month.
If you were able to purchase this property for the estimated value of £364,660, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,792 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, 5, Cheviot Way, Morpeth sits on a plot of 415m2.
We have plot size data on 21 out of 22 other houses in the postcode and 5, Cheviot Way, Morpeth sits on the 4th largest plot.
According to HM Land Registry, 5, Cheviot Way, Morpeth was last sold on 12 Aug 2022 for £464,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has risen 0.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Cheviot Way, Morpeth within a radius of 3.9 kilometres over the last 2 years.
The most recent example is 5, Burnholme Way, Morpeth, NE61 6BS, a Freehold house which sold for £393,000 in Mar 2022.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cheviot Way, St. Mary Park, Morpeth, NE61 has a total of 22 addresses. According to our analysis of all the public data, 5, Cheviot Way, Morpeth is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £106k more expensive than the average property in NE61.
5, Cheviot Way, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Jun 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
According to the public record, 5, Cheviot Way, Morpeth is a modern freehold house with 1,496 ft2 of internal area and sits on a 415 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Cheviot Way, St. Mary Park, Morpeth, NE61 is located within the NE61 postal district.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Cheviot Way Morpeth as £364,660 and the rental value as £1,272 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of 5 Cheviot Way Morpeth has decreased by £3,573 (1.0%) and its rental value has increased by £73 per month (5.8%).
The closest station to 5, Cheviot Way, Morpeth is Morpeth station which is 4.6 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 5, Cheviot Way, Morpeth, 80.0% of property is privately rented and 11.1% is socially rented.
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 5, Cheviot Way, Morpeth, 9.3% of residents are recorded as possessing school level qualifications and 10.1% 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 5, Cheviot Way, Morpeth, the average age was 44.7 and the most common age was 57.
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 5, Cheviot 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 5, Cheviot 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.