According to the public record, 58, Castle Way, Morpeth is a mid-century leasehold house with 699 ft2 of internal area and sits on a 190 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Castle Way, Pegswood, Morpeth, NE61 is located within the NE61 postal district.
58, Castle Way, Morpeth has 21 entries in the Land Registry database, most recently in July 2022 and a single entry in the EPC database dated May 2022.
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 58 Castle Way Morpeth as £142,393 and the rental value as £888 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 58 Castle Way Morpeth has increased by £1,810 (1.3%) and its rental value has increased by £73 per month (8.2%).
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 58, Castle Way, Morpeth is in very good condition we estimate a sale value of £149,513 and rental value of £932 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £132,426 and a rental value of £826 per month.
If you were able to purchase this property for the estimated value of £142,393, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £700 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, 58, Castle Way, Morpeth sits on a plot of 190m2.
We have plot size data on 64 out of 71 other houses in the postcode and 58, Castle Way, Morpeth sits on the 36th largest plot.
According to HM Land Registry, 58, Castle Way, Morpeth was last sold on 27 Jul 2022 for £101,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Jul 2022, the market for similar properties has risen 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58, Castle Way, Morpeth within a radius of 2.3 kilometres over the last 2 years.
The most recent example is 33, Castle Way, Morpeth, NE61 6XH, a Leasehold house which sold for £120,500 in Sep 2018.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castle Way, Pegswood, Morpeth, NE61 has a total of 71 addresses. According to our analysis of all the public data, 58, Castle Way, Morpeth is the 44th largest and the 45th most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in NE61.
58, Castle Way, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 10 May 2022.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 58, Castle Way, Morpeth is Pegswood 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 58, Castle Way, Morpeth, 41.1% of property is privately owned with a mortgage and 33.8% is privately owned outright.
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 58, Castle Way, Morpeth, 15.3% of residents are recorded as possessing school level qualifications and 32.2% 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 58, Castle Way, Morpeth, the average age was 45.1 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 58, Castle 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 58, Castle Way, Morpeth, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.