According to the public record, 72, Merley Gate, Morpeth is a modern house with 1,119 ft2 of internal area and sits on a 465 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Merley Gate, Morpeth, NE61 is located within the NE61 postal district.
72, Merley Gate, Morpeth has no recent1 records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 72 Merley Gate Morpeth as £302,845 and the rental value as £1,227 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 72 Merley Gate Morpeth has decreased by £2,491 (0.8%) and its rental value has increased by £72 per month (5.9%).
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 72, Merley Gate, Morpeth is in very good condition we estimate a sale value of £317,987 and rental value of £1,289 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £281,646 and a rental value of £1,141 per month.
If you were able to purchase this property for the estimated value of £302,845, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,488 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, 72, Merley Gate, Morpeth sits on a plot of 465m2.
We have plot size data on 47 out of 73 other houses in the postcode and 72, Merley Gate, Morpeth sits on the 6th largest plot.
According to HM Land Registry, 72, Merley Gate, Morpeth was last sold on 15 Dec 1995 for £93,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 72, Merley Gate, Morpeth within a radius of 93m over the last 2 years.
The most recent example is 65, Merley Gate, Morpeth, NE61 2EP, a Freehold house which sold for £342,500 in Mar 2023.
Read more about house prices in NE61.
Merley Gate, Morpeth, NE61 has a total of 73 addresses. According to our analysis of all the public data, 72, Merley Gate, Morpeth is the 24th largest and the 24th most expensive property on the street.
When compared to the postcode district it is £44k more expensive than the average property in NE61.
72, Merley Gate, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Nov 2016.
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 72, Merley Gate, Morpeth is Morpeth station which is 800 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 72, Merley Gate, Morpeth, 50.3% of property is privately owned outright and 26.2% 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 72, Merley Gate, Morpeth, 12.5% of residents are recorded as possessing school level qualifications and 51.7% 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 72, Merley Gate, Morpeth, the average age was 47.5 and the most common age was 72.
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 72, Merley Gate, 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 72, Merley Gate, Morpeth, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.