According to the public record, The Cottage, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,374 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Pigdon, Morpeth, NE61 is located within the NE61 postal district.
The Cottage, Morpeth has a single entry in the Land Registry database from January 2022 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 The Cottage Morpeth as £291,752 and the rental value as £1,193 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of The Cottage Morpeth has decreased by £2,941 (1.0%) and its rental value has increased by £67 per month (5.6%).
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 Cottage, Morpeth is in very good condition we estimate a sale value of £306,339 and rental value of £1,252 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £271,329 and a rental value of £1,109 per month.
If you were able to purchase this property for the estimated value of £291,752, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,434 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, The Cottage, Morpeth was last sold on 14 Jan 2022 for £297,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2022, the market for similar properties has risen 3.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Cottage, Morpeth within a radius of 4.4 kilometres over the last 2 years.
The most recent example is 57, Geranium Drive, Morpeth, NE61 3EY, a Freehold house which sold for £367,000 in Jan 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pigdon, Morpeth, NE61 has a total of 16 addresses. According to our analysis of all the public data, The Cottage, Morpeth is the 10th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £33k more expensive than the average property in NE61.
The closest station to The Cottage, Morpeth is Morpeth station which is 5.5 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 Cottage, Morpeth, 34.8% of property is privately rented and 33.9% is privately owned outright.
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 Cottage, Morpeth, 16.8% of residents are recorded as possessing school level qualifications and 46.3% 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 Cottage, 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 Cottage, Morpeth, 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 The Cottage, Morpeth, there are an average of 2.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.