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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 1 New Cottages, Morpeth is a period freehold house with 914 ft2 of internal area and sits on a 161 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 1 New Cottages, Morpeth is £280,495 and the estimated rental value is £1,459 per month.
Mitford, Morpeth, NE61 is located within the NE61 postal district.
1 New Cottages, Morpeth has 3 entries in the Land Registry , most recently in June 2023 and a single entry in the EPC database dated October 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 1 New Cottages, Morpeth is in very good condition we estimate a sale value of £294,519 and a rental value of £1,531 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £260,860 and a rental value of £1,356 per month.
Over the last 12 months the sale value of 1 New Cottages Morpeth has increased by an estimated £9,930 (3.5%) and its rental value has increased by an estimated £73 per month (5.0%), giving an expected gross yield of 6.2%.
According to data from HM Land Registry, 1 New Cottages, Morpeth sits on a plot of 161m2.
We have plot size data on 3 out of 5 other houses in the postcode and 1 New Cottages, Morpeth sits on the largest plot.
1 New Cottages, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 20 Oct 2014.
The property is not connected to mains gas and has single glazed windows. It is heated using Boiler and radiators, dual fuel (mineral and wood).
According to HM Land Registry, 1 New Cottages, Morpeth was last sold on 30th June 2023 for £275,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since June 2023, the market for similar properties has dropped 8.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1 New Cottages, Morpeth within a radius of 2.1 kilometres over the last 2 years.
The most recent example is 19, Fontside, Morpeth, NE61 3PS, a freehold house which sold for £240,000 on the 19th August 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mitford, Morpeth, NE61 has a total of 75 addresses. According to our analysis of all the public data, 1 New Cottages, Morpeth is the 60th largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £322 less expensive than the average property in NE61.
The closest station to 1 New Cottages, Morpeth is Morpeth station which is 3.1 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 1 New Cottages, Morpeth, 43.8% of property is privately owned outright and 28.9% is privately owned with a mortgage.
The graph below shows how this compares to North East 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 1 New Cottages, Morpeth, 15.3% of residents are recorded as possessing school level qualifications and 40.4% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1 New Cottages, 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 1 New Cottages, Morpeth, 2.2% 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 1 New Cottages, 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.
