According to the public record, Wells House, Morpeth is a modern freehold house with 2,529 ft2 of internal area and sits on a 656 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Whalton, Morpeth, NE61 is located within the NE61 postal district.
Wells House, Morpeth has a single entry in the Land Registry database from September 2016 and a single entry in the EPC database dated February 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 Wells House Morpeth as £753,701 and the rental value as £1,867 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of Wells House Morpeth has decreased by £7,360 (1.0%) and its rental value has increased by £108 per month (5.8%).
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 Wells House, Morpeth is in very good condition we estimate a sale value of £791,386 and rental value of £1,960 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £700,942 and a rental value of £1,736 per month.
If you were able to purchase this property for the estimated value of £753,701, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,704 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, Wells House, Morpeth sits on a plot of 656m2.
We have plot size data on 19 out of 19 other houses in the postcode and Wells House, Morpeth sits on the 10th largest plot.
According to HM Land Registry, Wells House, Morpeth was last sold on 30 Sep 2016 for £535,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Sep 2016, the market for similar properties has risen 26.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Wells House, Morpeth within a radius of 7.2 kilometres over the last 2 years.
The most recent example is 2 The Garden Houses, Morpeth, NE61 3UZ, a Freehold house which sold for £503,500 in Oct 2019.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Whalton, Morpeth, NE61 has a total of 109 addresses. According to our analysis of all the public data, Wells House, Morpeth is the 29th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £495k more expensive than the average property in NE61.
Wells House, Morpeth has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 11 Feb 2016.
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 Wells House, Morpeth is Morpeth station which is 8.4 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 Wells House, Morpeth, 46.0% of property is privately owned outright and 31.3% 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 Wells House, Morpeth, 15.1% of residents are recorded as possessing school level qualifications and 48.6% 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 Wells House, 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 Wells House, Morpeth, 2.6% 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 Wells House, Morpeth, there are an average of 1.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.