According to the public record, Two Trees, Morpeth is a mid-century leasehold house with 1,087 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Scots Gap, Morpeth, NE61 is located within the NE61 postal district.
Two Trees, Morpeth has a single entry in the Land Registry database from January 2015 and a single entry in the EPC database dated February 2015.
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 Two Trees Morpeth as £283,409 and the rental value as £1,215 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of Two Trees Morpeth has decreased by £50 (0.0%) and its rental value has increased by £81 per month (6.7%).
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 Two Trees, Morpeth is in very good condition we estimate a sale value of £297,579 and rental value of £1,275 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £263,570 and a rental value of £1,130 per month.
If you were able to purchase this property for the estimated value of £283,409, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,393 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, Two Trees, Morpeth was last sold on 23 Jan 2015 for £145,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Jan 2015, the market for similar properties has risen 33.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Two Trees, Morpeth within a radius of 13.4 kilometres over the last 2 years.
The most recent example is West Grange Cottage, Morpeth, NE61 4EQ, a Freehold house which sold for £275,000 in Mar 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Scots Gap, Morpeth, NE61 has a total of 27 addresses. According to our analysis of all the public data, Two Trees, Morpeth is the 16th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £24k more expensive than the average property in NE61.
Two Trees, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 12 Feb 2015.
The property is not connected to mains gas and has fully double glazed windows. It is heated using electric storage heaters.
The closest station to Two Trees, Morpeth is Morpeth station which is 16.4 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 Two Trees, 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 Two Trees, 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 Two Trees, 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 Two Trees, 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 Two Trees, 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.