According to the public record, 5, Springhill Walk, Morpeth is a leasehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,296 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Springhill Walk, Morpeth, NE61 is located within the NE61 postal district.
5, Springhill Walk, Morpeth has 31 entries in the Land Registry database, most recently in January 2012 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Springhill Walk Morpeth as £310,761 and the rental value as £1,252 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 5 Springhill Walk Morpeth has decreased by £5,378 (1.7%) and its rental value has increased by £61 per month (4.9%).
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, Springhill Walk, Morpeth is in very good condition we estimate a sale value of £326,299 and rental value of £1,315 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £289,008 and a rental value of £1,164 per month.
If you were able to purchase this property for the estimated value of £310,761, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,527 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, 5, Springhill Walk, Morpeth was last sold on 23 Jan 2012 for £166,000 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since Jan 2012, the market for similar properties has risen 33.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Springhill Walk, Morpeth within a radius of 285m over the last 2 years.
The most recent example is 9, West Hill, Morpeth, NE61 2AJ, a Freehold house which sold for £330,000 in Nov 2023.
Read more about house prices in NE61.
Springhill Walk, Morpeth, NE61 has a total of 43 addresses. According to our analysis of all the public data, 5, Springhill Walk, Morpeth is the largest and the most expensive property on the street.
When compared to the postcode district it is £52k more expensive than the average property in NE61.
The closest station to 5, Springhill Walk, Morpeth is Morpeth station which is 1.1 km 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, Springhill Walk, Morpeth, 59.5% of property is privately owned outright and 27.8% 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, Springhill Walk, Morpeth, 22.5% of residents are recorded as possessing school level qualifications and 36.1% 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, Springhill Walk, 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, Springhill Walk, 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, Springhill Walk, Morpeth, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.