According to the public record, 7 Old Bakehouse Yard is a period freehold house with 1,152 ft2 of internal area and sits on a 170 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Morpeth, NE61 is located within the NE61 postal district.
7 Old Bakehouse Yard has 41 entries in the Land Registry database, most recently in February 2018 and a single entry in the EPC database dated May 2009.
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 Old Bakehouse Yard as £297,023 and the rental value as £1,184 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 7 Old Bakehouse Yard has increased by £1,611 (0.5%) and its rental value has increased by £86 per month (7.3%).
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 Old Bakehouse Yard is in very good condition we estimate a sale value of £311,874 and rental value of £1,243 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £276,231 and a rental value of £1,101 per month.
If you were able to purchase this property for the estimated value of £297,023, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,460 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 Old Bakehouse Yard sits on a plot of 170m2.
We have plot size data on 6 out of 6 other houses in the postcode and 7 Old Bakehouse Yard sits on the 5th largest plot.
According to HM Land Registry, 7 Old Bakehouse Yard was last sold on 19 Feb 2018 for £300,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Feb 2018, the market for similar properties has risen 23.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 Old Bakehouse Yard within a radius of 620 metres over the last 2 years.
The most recent example is 8, Northbourne Avenue, Morpeth, NE61 1JG, a Freehold house which sold for £295,000 in Mar 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morpeth, NE61 has a total of 258 addresses. According to our analysis of all the public data, 7 Old Bakehouse Yard is the 166th largest and the 168th most expensive property on the street.
When compared to the postcode district it is £38k more expensive than the average property in NE61.
7 Old Bakehouse Yard has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 May 2009.
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 Old Bakehouse Yard is Morpeth station which is 900 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 Old Bakehouse Yard, 51.8% of property is privately owned outright and 25.2% is privately 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 7 Old Bakehouse Yard, 13.7% of residents are recorded as possessing school level qualifications and 39.9% 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 Old Bakehouse Yard, the average age was 48.3 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 Old Bakehouse Yard, 0.4% 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 Old Bakehouse Yard, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.