According to the public record, Mill Farm Granary, Morpeth is a modern freehold house with 2,228 ft2 of internal area and sits on a 823 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Hartburn, Morpeth, NE61 is located within the NE61 postal district.
Mill Farm Granary, Morpeth has a single entry in the Land Registry database from February 2015 and a single entry in the EPC database dated January 2019.
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 Mill Farm Granary Morpeth as £651,383 and the rental value as £1,613 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of Mill Farm Granary Morpeth has decreased by £8,637 (1.3%) and its rental value has increased by £84 per month (5.2%).
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 Mill Farm Granary, Morpeth is in very good condition we estimate a sale value of £683,952 and rental value of £1,694 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £605,786 and a rental value of £1,500 per month.
If you were able to purchase this property for the estimated value of £651,383, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,201 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, Mill Farm Granary, Morpeth sits on a plot of 823m2.
We have plot size data on 5 out of 7 other houses in the postcode and Mill Farm Granary, Morpeth sits on the 5th largest plot.
According to HM Land Registry, Mill Farm Granary, Morpeth was last sold on 13 Feb 2015 for £362,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2015, the market for similar properties has risen 35.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Mill Farm Granary, Morpeth within a radius of 12.7 kilometres over the last 2 years.
The most recent example is The Coppice, Morpeth, NE61 4JT, a Freehold house which sold for £510,000 in Nov 2019.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hartburn, Morpeth, NE61 has a total of 83 addresses. According to our analysis of all the public data, Mill Farm Granary, Morpeth is the 35th largest and the 31st most expensive property on the street.
When compared to the postcode district it is £392k more expensive than the average property in NE61.
Mill Farm Granary, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Jan 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Mill Farm Granary, Morpeth is Morpeth station which is 15.8 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 Mill Farm Granary, Morpeth, 37.7% of property is privately owned outright and 29.5% 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 Mill Farm Granary, Morpeth, 14.3% of residents are recorded as possessing school level qualifications and 46.7% 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 Mill Farm Granary, Morpeth, the average age was 50.7 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 Mill Farm Granary, Morpeth, 2.8% 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 Mill Farm Granary, Morpeth, there are an average of 1.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.