According to the public record, The Granary, Morpeth is a modern freehold house with 2,131 ft2 of internal area and sits on a 1,010 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Molesden, Morpeth, NE61 is located within the NE61 postal district.
The Granary, Morpeth has 21 entries in the Land Registry database, most recently in June 2019 and a single entry in the EPC database dated June 2017.
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 Granary Morpeth as £544,676 and the rental value as £1,411 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of The Granary Morpeth has decreased by £5,490 (1.0%) and its rental value has increased by £80 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 Granary, Morpeth is in very good condition we estimate a sale value of £571,910 and rental value of £1,482 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £506,549 and a rental value of £1,312 per month.
If you were able to purchase this property for the estimated value of £544,676, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,677 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 Granary, Morpeth sits on a plot of 1010m2.
We have plot size data on 10 out of 13 other houses in the postcode and The Granary, Morpeth sits on the 7th largest plot.
According to HM Land Registry, The Granary, Morpeth was last sold on 07 Jun 2019 for £540,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2019, the market for similar properties has risen 20.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Granary, Morpeth within a radius of 4.7 kilometres over the last 2 years.
The most recent example is 8, Eden Walk, Morpeth, NE61 6BP, a Freehold house which sold for £585,000 in Aug 2022.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Molesden, Morpeth, NE61 has a total of 16 addresses. According to our analysis of all the public data, The Granary, Morpeth is the 9th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £286k more expensive than the average property in NE61.
The Granary, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Jun 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to The Granary, 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 Granary, 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 Granary, 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 Granary, 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 Granary, 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 Granary, 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.