According to the public record, 8, Cheviot Meadows, Morpeth is a modern freehold house with 2,464 ft2 of internal area and sits on a 496 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Cheviot Meadows, Acklington, Morpeth, NE65 is located within the NE65 postal district.
8, Cheviot Meadows, Morpeth has a single entry in the Land Registry database from May 2022 and a single entry in the EPC database dated April 2022.
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 good condition, we estimate the current sale value for 8 Cheviot Meadows Morpeth as £549,394 and the rental value as £1,972 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 8 Cheviot Meadows Morpeth has decreased by £10,203 (1.9%) and its rental value has increased by £68 per month (3.4%).
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 8, Cheviot Meadows, Morpeth is in very good condition we estimate a sale value of £576,864 and rental value of £2,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £510,937 and a rental value of £1,834 per month.
If you were able to purchase this property for the estimated value of £549,394, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,700 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, 8, Cheviot Meadows, Morpeth sits on a plot of 496m2.
We have plot size data on 14 out of 18 other houses in the postcode and 8, Cheviot Meadows, Morpeth sits on the 11th largest plot.
According to HM Land Registry, 8, Cheviot Meadows, Morpeth was last sold on 16 May 2022 for £525,000 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 dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Cheviot Meadows, Morpeth within a radius of 3.6 kilometres over the last 2 years.
The most recent example is 5, Cheviot Meadows, Morpeth, NE65 9FL, a Freehold house which sold for £485,000 in Sep 2023.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cheviot Meadows, Acklington, Morpeth, NE65 has a total of 18 addresses. According to our analysis of all the public data, 8, Cheviot Meadows, Morpeth is the 12th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £274k more expensive than the average property in NE65.
8, Cheviot Meadows, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 19 Apr 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 8, Cheviot Meadows, Morpeth is Acklington station which is 600 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 8, Cheviot Meadows, Morpeth, 53.5% of property is privately owned outright and 23.6% 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 8, Cheviot Meadows, Morpeth, 8.7% of residents are recorded as possessing school level qualifications and 47.2% 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 8, Cheviot Meadows, Morpeth, the average age was 48 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 8, Cheviot Meadows, Morpeth, 1.5% 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 8, Cheviot Meadows, Morpeth, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.