According to the public record, 7, Riverside, Morpeth is a period freehold house and with 1,108 ft2 of internal area and sits on a 81.8 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Riverside, Morpeth, NE61 is located within the NE61 postal district.
7, Riverside, Morpeth has a single entry in the Land Registry database from May 2022 and no records in the EPC database.
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 Riverside Morpeth as £258,104 and the rental value as £1,162 per month giving an expected gross yield of 5.4%.
Over the last 12 months the sale value of 7 Riverside Morpeth has increased by £1,400 (0.5%) and its rental value has increased by £84 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, Riverside, Morpeth is in very good condition we estimate a sale value of £271,010 and rental value of £1,220 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £240,037 and a rental value of £1,081 per month.
If you were able to purchase this property for the estimated value of £258,104, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,269 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, Riverside, Morpeth sits on a plot of 82m2.
We have plot size data on 5 out of 6 other houses in the postcode and 7, Riverside, Morpeth sits on the 3rd largest plot.
According to HM Land Registry, 7, Riverside, Morpeth was last sold on 19 May 2022 for £155,000 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 3.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Riverside, Morpeth within a radius of 529m over the last 2 years.
The most recent example is 3, Olympia Gardens, Morpeth, NE61 1JQ, a Freehold house which sold for £245,000 in Dec 2023.
Read more about house prices in NE61.
Riverside, Morpeth, NE61 has a total of 6 addresses. According to our analysis of all the public data, 7, Riverside, Morpeth is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £848 less expensive than the average property in NE61.
7, Riverside, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Mar 2022.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 7, Riverside, Morpeth is Morpeth station which is 500 m 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, Riverside, Morpeth, 46.6% of property is socially rented and 24.4% 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 7, Riverside, Morpeth, 10.2% of residents are recorded as possessing school level qualifications and 25.0% 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, Riverside, Morpeth, 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, Riverside, Morpeth, 1.1% 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, Riverside, Morpeth, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.