According to the public record, 6, Cherry Close, Morpeth is a modern freehold house with 1,797 ft2 of internal area and sits on a 415 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Cherry Close, Morpeth, NE61 is located within the NE61 postal district.
6, Cherry Close, Morpeth has a single entry in the Land Registry database from November 2016 and a single entry in the EPC database dated May 2016.
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 6 Cherry Close Morpeth as £437,778 and the rental value as £1,353 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 6 Cherry Close Morpeth has decreased by £7,754 (1.8%) and its rental value has increased by £64 per month (4.7%).
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 6, Cherry Close, Morpeth is in very good condition we estimate a sale value of £459,667 and rental value of £1,421 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,134 and a rental value of £1,258 per month.
If you were able to purchase this property for the estimated value of £437,778, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,152 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, 6, Cherry Close, Morpeth sits on a plot of 415m2.
We have plot size data on 15 out of 15 other houses in the postcode and 6, Cherry Close, Morpeth sits on the largest plot.
According to HM Land Registry, 6, Cherry Close, Morpeth was last sold on 11 Nov 2016 for £379,996 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2016, the market for similar properties has risen 24.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, Cherry Close, Morpeth within a radius of 2.1 kilometres over the last 2 years.
The most recent example is 8, Cherry Close, Morpeth, NE61 3FD, a Freehold house which sold for £415,000 in May 2021.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cherry Close, Morpeth, NE61 has a total of 15 addresses. According to our analysis of all the public data, 6, Cherry Close, Morpeth is the largest and the most expensive property on the street.
When compared to the postcode district it is £179k more expensive than the average property in NE61.
6, Cherry Close, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 27 May 2016.
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 6, Cherry Close, Morpeth is Morpeth station which is 3.1 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 6, Cherry Close, 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 6, Cherry Close, 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 6, Cherry Close, 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 6, Cherry Close, 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 6, Cherry Close, 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.