According to the public record, 8 East Mill, Morpeth is a modern leasehold house with 1,206 ft2 of internal area and sits on a 6,226 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Morpeth, NE61 is located within the NE61 postal district.
8 East Mill, Morpeth has 2 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated October 2011.
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 East Mill Morpeth as £474,676 and the rental value as £1,326 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of 8 East Mill Morpeth has decreased by £9,048 (1.9%) and its rental value has increased by £62 per month (4.7%).
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 East Mill, Morpeth is in very good condition we estimate a sale value of £498,410 and rental value of £1,393 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £441,449 and a rental value of £1,233 per month.
If you were able to purchase this property for the estimated value of £474,676, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,333 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 East Mill, Morpeth sits on a plot of 6226m2.
We have plot size data on 3 out of 5 other houses in the postcode and 8 East Mill, Morpeth sits on the largest plot.
According to HM Land Registry, 8 East Mill, Morpeth was last sold on 11 Nov 2021 for £430,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since Nov 2021, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8 East Mill, Morpeth within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 7 East Mill, Morpeth, NE61 3AA, a Leasehold house which sold for £380,000 in Feb 2021.
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, 8 East Mill, Morpeth is the 161st largest and the 86th most expensive property on the street.
When compared to the postcode district it is £216k more expensive than the average property in NE61.
8 East Mill, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 22 Oct 2011.
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 East Mill, Morpeth is Morpeth station which is 1.1 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 East Mill, Morpeth, 46.3% of property is privately owned with a mortgage and 35.8% 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 8 East Mill, Morpeth, 18.6% of residents are recorded as possessing school level qualifications and 55.5% 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 East Mill, Morpeth, the average age was 45.1 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 East Mill, Morpeth, 0.8% 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 East Mill, Morpeth, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.