According to the public record, 8, Marden Close, Morpeth is a mid-century freehold house with 1,302 ft2 of internal area and sits on a 381 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Marden Close, Morpeth, NE61 is located within the NE61 postal district.
8, Marden Close, Morpeth has 21 entries in the Land Registry database, most recently in February 2017 and a single entry in the EPC database dated September 2016.
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 8 Marden Close Morpeth as £310,158 and the rental value as £1,272 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 8 Marden Close Morpeth has decreased by £5,367 (1.7%) and its rental value has increased by £62 per month (4.9%).
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 8, Marden Close, Morpeth is in very good condition we estimate a sale value of £325,666 and rental value of £1,336 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £288,447 and a rental value of £1,183 per month.
If you were able to purchase this property for the estimated value of £310,158, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,524 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, Marden Close, Morpeth sits on a plot of 381m2.
We have plot size data on 4 out of 10 other houses in the postcode and 8, Marden Close, Morpeth sits on the 3rd largest plot.
According to HM Land Registry, 8, Marden Close, Morpeth was last sold on 24 Feb 2017 for £265,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Feb 2017, 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 8, Marden Close, Morpeth within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 5, Gorseway, Morpeth, NE61 2XR, a Freehold house which sold for £320,000 in Sep 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Marden Close, Morpeth, NE61 has a total of 10 addresses. According to our analysis of all the public data, 8, Marden Close, Morpeth is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £51k more expensive than the average property in NE61.
8, Marden Close, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Sep 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 8, Marden Close, Morpeth is Morpeth station which is 1.7 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 8, Marden Close, Morpeth, 65.6% of property is privately owned outright and 27.7% 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, Marden Close, Morpeth, 14.2% of residents are recorded as possessing school level qualifications and 50.2% 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, Marden Close, 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 8, Marden Close, Morpeth, 1.9% 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, Marden Close, 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.