According to the public record, 5, Preston Square, Morpeth is a modern freehold house with 979 ft2 of internal area and sits on a 189 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Preston Square, Collingwood Manor, Morpeth, NE61 is located within the NE61 postal district.
5, Preston Square, Morpeth has a single entry in the Land Registry database from April 2017 and a single entry in the EPC database dated May 2017.
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 5 Preston Square Morpeth as £217,421 and the rental value as £1,125 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 5 Preston Square Morpeth has decreased by £1,788 (0.8%) and its rental value has increased by £66 per month (5.9%).
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, Preston Square, Morpeth is in very good condition we estimate a sale value of £228,292 and rental value of £1,181 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £202,201 and a rental value of £1,046 per month.
If you were able to purchase this property for the estimated value of £217,421, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,069 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, Preston Square, Morpeth sits on a plot of 189m2.
We have plot size data on 16 out of 16 other houses in the postcode and 5, Preston Square, Morpeth sits on the 9th largest plot.
According to HM Land Registry, 5, Preston Square, Morpeth was last sold on 28 Apr 2017 for £229,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2017, the market for similar properties has risen 25.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Preston Square, Morpeth within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 11, Preston Square, Morpeth, NE61 2FD, a Freehold house which sold for £248,000 in Dec 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Preston Square, Collingwood Manor, Morpeth, NE61 has a total of 16 addresses. According to our analysis of all the public data, 5, Preston Square, Morpeth is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £42k less expensive than the average property in NE61.
5, Preston Square, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 May 2017.
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 5, Preston Square, Morpeth is Morpeth station which is 1.2 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, Preston Square, Morpeth, 48.8% of property is privately owned outright and 43.8% 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 5, Preston Square, Morpeth, 19.9% of residents are recorded as possessing school level qualifications and 68.0% 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 5, Preston Square, Morpeth, the average age was 47.5 and the most common age was 72.
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, Preston Square, Morpeth, 2.3% 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, Preston Square, Morpeth, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.