According to the public record, 7, Cooperative Terrace, Morpeth is a period freehold house with 953 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Cooperative Terrace, Pegswood, Morpeth, NE61 is located within the NE61 postal district.
7, Cooperative Terrace, Morpeth has 2 entries in the Land Registry database, most recently in April 2020 and a single entry in the EPC database dated March 2010.
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 7 Cooperative Terrace Morpeth as £104,826 and the rental value as £602 per month giving an expected gross yield of 6.9%.
Over the last 12 months the sale value of 7 Cooperative Terrace Morpeth has increased by £2,319 (2.2%) and its rental value has increased by £55 per month (9.1%).
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 7, Cooperative Terrace, Morpeth is in very good condition we estimate a sale value of £110,067 and rental value of £632 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £97,488 and a rental value of £560 per month.
If you were able to purchase this property for the estimated value of £104,826, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £515 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, 7, Cooperative Terrace, Morpeth was last sold on 03 Apr 2020 for £90,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2020, the market for similar properties has risen 19.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Cooperative Terrace, Morpeth within a radius of 2.2 kilometres over the last 2 years.
The most recent example is 27, Edward Street, Morpeth, NE61 6UH, a Freehold house which sold for £73,000 in Apr 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cooperative Terrace, Pegswood, Morpeth, NE61 has a total of 7 addresses. According to our analysis of all the public data, 7, Cooperative Terrace, Morpeth is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £154k less expensive than the average property in NE61.
7, Cooperative Terrace, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 25 Mar 2010.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 7, Cooperative Terrace, 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 7, Cooperative Terrace, Morpeth, 34.1% of property is privately owned outright and 27.0% 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 7, Cooperative Terrace, Morpeth, 22.2% of residents are recorded as possessing school level qualifications and 18.0% 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 7, Cooperative Terrace, 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 7, Cooperative Terrace, 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 7, Cooperative Terrace, Morpeth, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.