According to the public record, 8, Studley Drive, Morpeth is a modern freehold house with 1,864 ft2 of internal area and sits on a 803 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Studley Drive, Swarland, Morpeth, NE65 is located within the NE65 postal district.
8, Studley Drive, Morpeth has a single entry in the Land Registry database from May 2012 and a single entry in the EPC database dated April 2010.
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 Studley Drive Morpeth as £475,203 and the rental value as £1,508 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 8 Studley Drive Morpeth has decreased by £8,693 (1.8%) and its rental value has increased by £55 per month (3.7%).
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, Studley Drive, Morpeth is in very good condition we estimate a sale value of £498,963 and rental value of £1,584 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £441,939 and a rental value of £1,403 per month.
If you were able to purchase this property for the estimated value of £475,203, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,335 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, Studley Drive, Morpeth sits on a plot of 803m2.
We have plot size data on 14 out of 20 other houses in the postcode and 8, Studley Drive, Morpeth sits on the 11th largest plot.
According to HM Land Registry, 8, Studley Drive, Morpeth was last sold on 25 May 2012 for £275,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2012, the market for similar properties has risen 46.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Studley Drive, Morpeth within a radius of 5.3 kilometres over the last 2 years.
The most recent example is 6B, Kenmore Road, Morpeth, NE65 9JS, a Freehold house which sold for £435,000 in Aug 2021.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Studley Drive, Swarland, Morpeth, NE65 has a total of 20 addresses. According to our analysis of all the public data, 8, Studley Drive, Morpeth is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £200k more expensive than the average property in NE65.
8, Studley Drive, Morpeth has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 15 Apr 2010.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 8, Studley Drive, Morpeth is Acklington station which is 5.7 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, Studley Drive, Morpeth, 71.3% of property is privately owned outright and 23.8% 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, Studley Drive, Morpeth, 9.8% of residents are recorded as possessing school level qualifications and 47.4% 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, Studley Drive, 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, Studley Drive, Morpeth, 0.6% 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, Studley Drive, Morpeth, there are an average of 1.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.