According to the public record, 8, Wellwood Gardens, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 601 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Wellwood Gardens, Morpeth, NE61 is located within the NE61 postal district.
8, Wellwood Gardens, Morpeth has 31 entries in the Land Registry database, most recently in July 2008 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 8 Wellwood Gardens Morpeth as £141,845 and the rental value as £886 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 8 Wellwood Gardens Morpeth has increased by £2,256 (1.6%) and its rental value has increased by £74 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, Wellwood Gardens, Morpeth is in very good condition we estimate a sale value of £148,938 and rental value of £930 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £131,916 and a rental value of £824 per month.
If you were able to purchase this property for the estimated value of £141,845, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £697 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 HM Land Registry, 8, Wellwood Gardens, Morpeth was last sold on 24 Jul 2008 for £85,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jul 2008, the market for similar properties has risen 30.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Wellwood Gardens, Morpeth within a radius of 15m over the last 2 years.
The most recent example is 10, Wellwood Gardens, Morpeth, NE61 1TF, a Freehold house which sold for £110,000 in Aug 2021.
Read more about house prices in NE61.
Wellwood Gardens, Morpeth, NE61 has a total of 24 addresses. According to our analysis of all the public data, 8, Wellwood Gardens, Morpeth is the 23rd largest and the 24th most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in NE61.
The closest station to 8, Wellwood Gardens, Morpeth is Morpeth station which is 600 m 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, Wellwood Gardens, 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, Wellwood Gardens, 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, Wellwood Gardens, 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, Wellwood Gardens, 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, Wellwood Gardens, 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.