According to the public record, 5, Spindle Tree Gardens, Morpeth is a modern freehold house with 753 ft2 of internal area and sits on a 198 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Spindle Tree Gardens, Fairmoor Meadows, Morpeth, NE61 is located within the NE61 postal district.
5, Spindle Tree Gardens, Morpeth has a single entry in the Land Registry database from June 2023 and a single entry in the EPC database dated April 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 good condition, we estimate the current sale value for 5 Spindle Tree Gardens Morpeth as £209,231 and the rental value as £1,114 per month giving an expected gross yield of 6.4%.
Over the last 12 months the sale value of 5 Spindle Tree Gardens Morpeth has increased by £390 (0.2%) and its rental value has increased by £76 per month (6.8%).
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 5, Spindle Tree Gardens, Morpeth is in very good condition we estimate a sale value of £219,693 and rental value of £1,169 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £194,585 and a rental value of £1,036 per month.
If you were able to purchase this property for the estimated value of £209,231, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,028 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, Spindle Tree Gardens, Morpeth sits on a plot of 198m2.
We have plot size data on 8 out of 9 other houses in the postcode and 5, Spindle Tree Gardens, Morpeth sits on the 6th largest plot.
According to HM Land Registry, 5, Spindle Tree Gardens, Morpeth was last sold on 26 Jun 2023 for £190,000 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 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Spindle Tree Gardens, Morpeth within a radius of 1.8 kilometres over the last 2 years.
The most recent example is 61, Geranium Drive, Morpeth, NE61 3EY, a Freehold house which sold for £115,166 in Jun 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spindle Tree Gardens, Fairmoor Meadows, Morpeth, NE61 has a total of 9 addresses. According to our analysis of all the public data, 5, Spindle Tree Gardens, Morpeth is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £50k less expensive than the average property in NE61.
5, Spindle Tree Gardens, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Apr 2020.
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, Spindle Tree Gardens, Morpeth is Morpeth station which is 2.8 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, Spindle Tree Gardens, Morpeth, 29.4% of property is privately owned outright and 28.8% 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, Spindle Tree Gardens, Morpeth, 13.5% of residents are recorded as possessing school level qualifications and 34.4% 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 5, Spindle Tree Gardens, 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, Spindle Tree Gardens, Morpeth, 0.9% 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, Spindle Tree Gardens, Morpeth, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.