According to the public record, Percy Cottage, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 2,463 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Newgate Street, Morpeth, NE61 is located within the NE61 postal district.
Percy Cottage, Morpeth has 31 entries in the Land Registry database, most recently in September 2015 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 Percy Cottage Morpeth as £289,366 and the rental value as £1,372 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of Percy Cottage Morpeth has decreased by £5,707 (2.0%) and its rental value has increased by £63 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 Percy Cottage, Morpeth is in very good condition we estimate a sale value of £303,834 and rental value of £1,441 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £269,110 and a rental value of £1,276 per month.
If you were able to purchase this property for the estimated value of £289,366, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,422 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, Percy Cottage, Morpeth was last sold on 07 Sep 2015 for £530,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2015, the market for similar properties has risen 27.7%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to Percy Cottage, Morpeth within a radius of 282m over the last 2 years.
The most recent example is 130, Newgate Street, Morpeth, NE61 1DA, a Freehold house which sold for £458,000 in Jul 2018.
Read more about house prices in NE61.
Newgate Street, Morpeth, NE61 has a total of 125 addresses. According to our analysis of all the public data, Percy Cottage, Morpeth is the 16th largest and the 26th most expensive property on the street.
When compared to the postcode district it is £30k more expensive than the average property in NE61.
The closest station to Percy Cottage, Morpeth is Morpeth station which is 1.0 km 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 Percy Cottage, Morpeth, 35.9% of property is privately owned outright and 34.5% is privately rented.
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 Percy Cottage, Morpeth, 12.5% of residents are recorded as possessing school level qualifications and 42.8% 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 Percy Cottage, 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 Percy Cottage, Morpeth, 1.5% 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 Percy Cottage, Morpeth, 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.