According to the public record, Oakwood, Morpeth is a modern leasehold house with 1,383 ft2 of internal area and sits on a 287 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Church View, Longhorsley, Morpeth, NE65 is located within the NE65 postal district.
Oakwood, Morpeth has 41 entries in the Land Registry database, most recently in November 2011 and a single entry in the EPC database dated July 2011.
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 Oakwood Morpeth as £315,260 and the rental value as £1,247 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of Oakwood Morpeth has decreased by £5,199 (1.6%) and its rental value has increased by £57 per month (4.6%).
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 Oakwood, Morpeth is in very good condition we estimate a sale value of £331,023 and rental value of £1,309 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,192 and a rental value of £1,160 per month.
If you were able to purchase this property for the estimated value of £315,260, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,549 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, Oakwood, Morpeth sits on a plot of 287m2.
We have plot size data on 40 out of 44 other houses in the postcode and Oakwood, Morpeth sits on the 16th largest plot.
According to HM Land Registry, Oakwood, Morpeth was last sold on 11 Nov 2011 for £215,000 and was recorded as a leasehold house.
The property has had 4 sales since 1995.
Since Nov 2011, the market for similar properties has risen 42.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Oakwood, Morpeth within a radius of 7.2 kilometres over the last 2 years.
The most recent example is 4, Church View, Morpeth, NE65 8UQ, a Leasehold house which sold for £350,000 in Sep 2022.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Church View, Longhorsley, Morpeth, NE65 has a total of 64 addresses. According to our analysis of all the public data, Oakwood, Morpeth is the 16th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in NE65.
Oakwood, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Jul 2011.
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 Oakwood, Morpeth is Widdrington station which is 9.5 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 Oakwood, Morpeth, 34.6% of property is socially rented and 30.9% 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 Oakwood, Morpeth, 19.8% of residents are recorded as possessing school level qualifications and 41.1% 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 Oakwood, Morpeth, 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 Oakwood, Morpeth, 0.5% 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 Oakwood, Morpeth, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.