According to the public record, The Chimes, Morpeth is a modern freehold house with 3,272 ft2 of internal area and sits on a 1,568 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Fulbeck, Morpeth, NE61 is located within the NE61 postal district.
The Chimes, Morpeth has 31 entries in the Land Registry database, most recently in December 2016 and a single entry in the EPC database dated September 2016.
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 Chimes Morpeth as £936,200 and the rental value as £2,319 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of The Chimes Morpeth has decreased by £18,474 (2.0%) and its rental value has increased by £106 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 The Chimes, Morpeth is in very good condition we estimate a sale value of £983,010 and rental value of £2,434 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £870,666 and a rental value of £2,156 per month.
If you were able to purchase this property for the estimated value of £936,200, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,601 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 Chimes, Morpeth sits on a plot of 1568m2.
We have plot size data on 6 out of 14 other houses in the postcode and The Chimes, Morpeth sits on the 3rd largest plot.
According to HM Land Registry, The Chimes, Morpeth was last sold on 13 Dec 2016 for £680,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Dec 2016, the market for similar properties has risen 23.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Chimes, Morpeth within a radius of 1.1 kilometres over the last 2 years.
The most recent example is Summerscott House, East Lane End, Morpeth, NE61 3JS, a Freehold house which sold for £825,000 in Sep 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fulbeck, Morpeth, NE61 has a total of 25 addresses. According to our analysis of all the public data, The Chimes, Morpeth is the 5th largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £677k more expensive than the average property in NE61.
The Chimes, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Sep 2016.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to The Chimes, Morpeth is Morpeth station which is 2.0 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 Chimes, Morpeth, 51.7% of property is privately owned outright and 31.9% 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 The Chimes, Morpeth, 17.7% of residents are recorded as possessing school level qualifications and 61.0% 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 Chimes, Morpeth, the average age was 45.1 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 The Chimes, Morpeth, 1.7% 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 Chimes, Morpeth, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.