According to the public record, Springhill House is a period house with 2,497 ft2 of internal area and sits on a 248 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.
Springhill House has no records in the Land Registry database and a single entry in the EPC database dated October 2019.
We combine this information with public data 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 Springhill House as £506,621 and the rental value as £1,642 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of Springhill House has decreased by £9,840 (1.9%) and its rental value has increased by £76 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 Springhill House is in very good condition we estimate a sale value of £531,952 and rental value of £1,724 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £471,157 and a rental value of £1,527 per month.
If you were able to purchase this property for the estimated value of £506,621, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,490 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, Springhill House sits on a plot of 248m2.
We have plot size data on 5 out of 5 other houses in the postcode and Springhill House sits on the 4th largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Springhill House within a radius of 720 metres over the last 2 years.
The most recent example is 20, Downing Drive, Morpeth, NE61 2YB, a Freehold house which sold for £380,000 in Sep 2017.
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, Springhill House is the 50th largest and the 73rd most expensive property on the street.
When compared to the postcode district it is £248k more expensive than the average property in NE61.
Springhill House has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Oct 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to Springhill House 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 Springhill House, 52.0% of property is privately owned outright and 43.2% 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 Springhill House, 16.7% of residents are recorded as possessing school level qualifications and 50.8% 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 Springhill House, the average age was 47.5 and the most common age was 72.
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 Springhill House, 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 Springhill House, 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.