According to the public record, 7, Mill Farm, Morpeth is a modern freehold house with 1,205 ft2 of internal area and sits on a 641 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Mill Farm, Ellington, Morpeth, NE61 is located within the NE61 postal district.
7, Mill Farm, Morpeth has a single entry in the Land Registry database from May 2022 and a single entry in the EPC database dated November 2021.
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 Mill Farm Morpeth as £373,398 and the rental value as £1,044 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of 7 Mill Farm Morpeth has decreased by £1,139 (0.3%) and its rental value has increased by £72 per month (6.9%).
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 7, Mill Farm, Morpeth is in very good condition we estimate a sale value of £392,068 and rental value of £1,096 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £347,260 and a rental value of £971 per month.
If you were able to purchase this property for the estimated value of £373,398, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,835 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, 7, Mill Farm, Morpeth sits on a plot of 641m2.
We have plot size data on 22 out of 38 other houses in the postcode and 7, Mill Farm, Morpeth sits on the 14th largest plot.
According to HM Land Registry, 7, Mill Farm, Morpeth was last sold on 27 May 2022 for £350,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has risen 1.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Mill Farm, Morpeth within a radius of 2.1 kilometres over the last 2 years.
The most recent example is 25, Mill Farm, Morpeth, NE61 5BW, a Freehold house which sold for £399,950 in Mar 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Farm, Ellington, Morpeth, NE61 has a total of 38 addresses. According to our analysis of all the public data, 7, Mill Farm, Morpeth is the 23rd largest and the 22nd most expensive property on the street.
When compared to the postcode district it is £114k more expensive than the average property in NE61.
7, Mill Farm, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Nov 2021.
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, Mill Farm, Morpeth is Widdrington station which is 3.8 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 7, Mill Farm, Morpeth, 44.4% of property is privately owned outright and 35.2% 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, Mill Farm, Morpeth, 14.0% of residents are recorded as possessing school level qualifications and 25.4% 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 7, Mill Farm, 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 7, Mill Farm, Morpeth, 1.2% 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, Mill Farm, 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.