According to the public record, Heighley Wood is a period freehold house with 2,454 ft2 of internal area and sits on a 191,309 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Morpeth, NE61 is located within the NE61 postal district.
Heighley Wood has a single entry in the Land Registry database from November 2016 and a single entry in the EPC database dated March 2016.
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 Heighley Wood as £1,011,295 and the rental value as £2,504 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of Heighley Wood has decreased by £18,101 (1.8%) and its rental value has increased by £118 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 Heighley Wood is in very good condition we estimate a sale value of £1,061,859 and rental value of £2,630 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £940,504 and a rental value of £2,329 per month.
If you were able to purchase this property for the estimated value of £1,011,295, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,970 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, Heighley Wood sits on a plot of 191309m2.
We have plot size data on 1 out of 3 other houses in the postcode and Heighley Wood sits on the largest plot.
According to HM Land Registry, Heighley Wood was last sold on 17 Nov 2016 for £800,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2016, the market for similar properties has risen 24.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Heighley Wood within a radius of 2.8 kilometres over the last 2 years.
The most recent example is 7, De Merley Road, Morpeth, NE61 1HZ, a Freehold house which sold for £985,000 in Oct 2023.
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, Heighley Wood is the 55th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £752k more expensive than the average property in NE61.
Heighley Wood has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Mar 2016.
The property is not connected to mains gas and has full secondary glazing. It is heated using an oil fired boiler and radiators.
The closest station to Heighley Wood is Morpeth station which is 3.8 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 Heighley Wood, 53.3% of property is privately owned with a mortgage and 34.7% 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 Heighley Wood, 16.5% of residents are recorded as possessing school level qualifications and 42.2% 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 Heighley Wood, the average age was 44.7 and the most common age was 57.
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 Heighley Wood, 0.4% 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 Heighley Wood, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.