According to the public record, The Chapel, Morpeth is a period freehold house with 2,378 ft2 of internal area and sits on a 1,093 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Espley, Morpeth, NE61 is located within the NE61 postal district.
The Chapel, Morpeth has 2 entries in the Land Registry database, most recently in October 2013 and a single entry in the EPC database dated May 2012.
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 The Chapel Morpeth as £421,582 and the rental value as £1,593 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of The Chapel Morpeth has decreased by £7,546 (1.8%) and its rental value has increased by £75 per month (4.7%).
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 The Chapel, Morpeth is in very good condition we estimate a sale value of £442,661 and rental value of £1,673 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,072 and a rental value of £1,482 per month.
If you were able to purchase this property for the estimated value of £421,582, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,072 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, The Chapel, Morpeth sits on a plot of 1093m2.
We have plot size data on 6 out of 8 other houses in the postcode and The Chapel, Morpeth sits on the 4th largest plot.
According to HM Land Registry, The Chapel, Morpeth was last sold on 17 Oct 2013 for £545,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2013, the market for similar properties has risen 32.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Chapel, Morpeth within a radius of 4.6 kilometres over the last 2 years.
The most recent example is 14, White Beam Way, Morpeth, NE61 3EZ, a Freehold house which sold for £525,000 in Jul 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Espley, Morpeth, NE61 has a total of 13 addresses. According to our analysis of all the public data, The Chapel, Morpeth is the 4th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £163k more expensive than the average property in NE61.
The Chapel, Morpeth has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 08 May 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an LPG fired boiler and radiators.
The closest station to The Chapel, Morpeth is Morpeth station which is 5.7 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 The Chapel, Morpeth, 29.4% of property is privately owned outright and 28.8% is socially 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 The Chapel, Morpeth, 13.5% of residents are recorded as possessing school level qualifications and 34.4% 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 The Chapel, 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 The Chapel, Morpeth, 0.9% 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 The Chapel, Morpeth, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.