According to the public record, 8, Sylvan Close, Morpeth is a mid-century freehold house with 1,280 ft2 of internal area and sits on a 380 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Sylvan Close, Morpeth, NE61 is located within the NE61 postal district.
8, Sylvan Close, Morpeth has a single entry in the Land Registry database from August 2018 and a single entry in the EPC database dated September 2017.
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 Sylvan Close Morpeth as £338,026 and the rental value as £1,282 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 8 Sylvan Close Morpeth has decreased by £5,849 (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, Sylvan Close, Morpeth is in very good condition we estimate a sale value of £354,928 and rental value of £1,346 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £314,364 and a rental value of £1,192 per month.
If you were able to purchase this property for the estimated value of £338,026, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,661 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, Sylvan Close, Morpeth sits on a plot of 380m2.
We have plot size data on 6 out of 11 other houses in the postcode and 8, Sylvan Close, Morpeth sits on the 4th largest plot.
According to HM Land Registry, 8, Sylvan Close, Morpeth was last sold on 15 Aug 2018 for £285,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2018, the market for similar properties has risen 21.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Sylvan Close, Morpeth within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 79, Townsend Crescent, Morpeth, NE61 2XT, a Freehold house which sold for £268,000 in Jul 2021.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sylvan Close, Morpeth, NE61 has a total of 11 addresses. According to our analysis of all the public data, 8, Sylvan Close, Morpeth is the 10th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £79k more expensive than the average property in NE61.
8, Sylvan Close, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Sep 2017.
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, Sylvan 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, Sylvan 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, Sylvan 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, Sylvan 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, Sylvan 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, Sylvan 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.