According to the public record, 8, Queen Street, Morpeth is a period freehold house with 838 ft2 of internal area and sits on a 107 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Queen Street, Morpeth, NE61 is located within the NE61 postal district.
8, Queen Street, Morpeth has 31 entries in the Land Registry database, most recently in May 2018 and a single entry in the EPC database dated August 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 Queen Street Morpeth as £162,918 and the rental value as £972 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 8 Queen Street Morpeth has increased by £2,591 (1.6%) and its rental value has increased by £81 per month (8.4%).
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, Queen Street, Morpeth is in very good condition we estimate a sale value of £171,064 and rental value of £1,021 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £151,514 and a rental value of £904 per month.
If you were able to purchase this property for the estimated value of £162,918, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £801 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, Queen Street, Morpeth sits on a plot of 107m2.
We have plot size data on 8 out of 12 other houses in the postcode and 8, Queen Street, Morpeth sits on the 4th largest plot.
According to HM Land Registry, 8, Queen Street, Morpeth was last sold on 21 May 2018 for £112,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since May 2018, the market for similar properties has risen 26.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Queen Street, Morpeth within a radius of 780 metres over the last 2 years.
The most recent example is 22, Queen Street, Morpeth, NE61 1TX, a Freehold house which sold for £145,500 in Oct 2021.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Queen Street, Morpeth, NE61 has a total of 12 addresses. According to our analysis of all the public data, 8, Queen Street, Morpeth is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in NE61.
8, Queen Street, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Aug 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, Queen Street, Morpeth is Morpeth 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, Queen Street, Morpeth, 42.7% of property is privately owned outright and 26.6% 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, Queen Street, Morpeth, 11.7% of residents are recorded as possessing school level qualifications and 31.6% 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, Queen Street, 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 8, Queen Street, Morpeth, 1.0% 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 8, Queen Street, Morpeth, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.