According to the public record, The Roost, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,463 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Hebron, Morpeth, NE61 is located within the NE61 postal district.
The Roost, Morpeth has a single entry in the Land Registry database from August 2008 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 Roost Morpeth as £446,724 and the rental value as £1,194 per month giving an expected gross yield of 3.2%.
Over the last 12 months the sale value of The Roost Morpeth has decreased by £7,913 (1.8%) and its rental value has increased by £56 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 Roost, Morpeth is in very good condition we estimate a sale value of £469,060 and rental value of £1,254 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £415,453 and a rental value of £1,111 per month.
If you were able to purchase this property for the estimated value of £446,724, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,196 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 Roost, Morpeth was last sold on 08 Aug 2008 for £419,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2008, the market for similar properties has risen 37.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Roost, Morpeth within a radius of 3.3 kilometres over the last 2 years.
The most recent example is 4 The Village, Morpeth, NE61 3LA, a Freehold house which sold for £232,000 in Jun 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hebron, Morpeth, NE61 has a total of 35 addresses. According to our analysis of all the public data, The Roost, Morpeth is the 27th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £188k more expensive than the average property in NE61.
The closest station to The Roost, Morpeth is Pegswood station which is 4.1 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 Roost, 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 Roost, 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 Roost, 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 Roost, 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 Roost, 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.