According to the public record, Park House Farm is a period freehold house with 3,422 ft2 of internal area and sits on a 1,975 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.
Park House Farm has 3 entries in the Land Registry database, most recently in November 2021 and a single entry in the EPC database dated September 2015.
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 Park House Farm as £923,624 and the rental value as £2,287 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of Park House Farm has decreased by £18,235 (2.0%) and its rental value has increased by £105 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 Park House Farm is in very good condition we estimate a sale value of £969,806 and rental value of £2,402 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £858,971 and a rental value of £2,127 per month.
If you were able to purchase this property for the estimated value of £923,624, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,539 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, Park House Farm sits on a plot of 1975m2.
We have plot size data on 4 out of 4 other houses in the postcode and Park House Farm sits on the largest plot.
According to HM Land Registry, Park House Farm was last sold on 19 Nov 2021 for £908,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2021, the market for similar properties has risen 4.9%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 1.3 kilometres radius of Park House Farm over the last 2 years.
The most recent example is 6, Coningsby Gardens, Morpeth, NE61 6JD, a Freehold house which sold for £475,000 in Jan 2023.
Read more about house prices in NE61.
Morpeth, NE61 has a total of 258 addresses. According to our analysis of all the public data, Park House Farm is the 18th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £665k more expensive than the average property in NE61.
Park House Farm has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 23 Sep 2015.
The property is not connected to mains gas and has some double glazing. It is heated using an oil fired boiler and radiators.
The closest station to Park House Farm is Morpeth station which is 1.2 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 Park House Farm, 52.6% of property is privately owned outright and 25.0% 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 Park House Farm, 8.1% of residents are recorded as possessing school level qualifications and 48.4% 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 Park House Farm, 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 Park House Farm, 0.0% 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 Park House Farm, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.