According to the public record, 55, Charles Drive, Morpeth is a mid-century freehold house with 775 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Charles Drive, Bainbridge Meadows, Widdrington, Morpeth, NE61 is located within the NE61 postal district.
55, Charles Drive, Morpeth has a single entry in the Land Registry database from June 2023 and a single entry in the EPC database dated May 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 reasonable condition, we estimate the current sale value for 55 Charles Drive Morpeth as £185,887 and the rental value as £1,028 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 55 Charles Drive Morpeth has increased by £2,781 (1.5%) and its rental value has increased by £86 per month (8.4%).
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 55, Charles Drive, Morpeth is in very good condition we estimate a sale value of £195,182 and rental value of £1,079 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £172,875 and a rental value of £956 per month.
If you were able to purchase this property for the estimated value of £185,887, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £914 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, 55, Charles Drive, Morpeth was last sold on 21 Jun 2023 for £168,995 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 2.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Charles Drive, Morpeth within a radius of 3.7 kilometres over the last 2 years.
The most recent example is 71, Charles Drive, Morpeth, NE61 5FG, a Freehold house which sold for £165,295 in Dec 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Charles Drive, Bainbridge Meadows, Widdrington, Morpeth, NE61 has a total of 80 addresses. According to our analysis of all the public data, 55, Charles Drive, Morpeth is the 42nd largest and the 31st most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in NE61.
55, Charles Drive, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 31 May 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 55, Charles Drive, Morpeth is Widdrington station which is 400 metres 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 55, Charles Drive, Morpeth, 40.0% of property is privately owned outright and 37.3% 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 55, Charles Drive, Morpeth, 12.4% of residents are recorded as possessing school level qualifications and 36.4% 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 55, Charles Drive, Morpeth, the average age was 45 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 55, Charles 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 55, Charles Drive, 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.