1, Park Drive
1, Park Drive
Description & Estimates
Public records show 1, Park Drive, Morpeth to be a mid-century freehold house with 1,922 ft2 of internal area, sitting on a 554 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
1, Park Drive, Morpeth has an estimated sale value of £484,484 and an estimated rental value of £2,050 per month, assuming reasonable condition and based on the information available.
Park Drive, Deuchar Park, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
1, Park Drive, Morpeth has 3 entries in the Land Registry , most recently in August 2018 and a single entry in the EPC database dated December 2010.
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.
Price Range & Condition
In very good condition, we estimate 1, Park Drive, Morpeth would be worth £508,709, with a potential rental value of £2,152 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £450,570, with a rental value of £1,906 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1, Park Drive, Morpeth has climbed by £5,313 (1.1%) over the last year. During the same period, its estimated monthly rental value has risen by £49 (2.4%). The property's estimated gross yield is currently 5.1%.
Plot Size
1, Park Drive, Morpeth occupies a 554 m2 plot as recorded by HM Land Registry.
Of the 17 other houses in this postcode, 12 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
1, Park Drive, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Dec 2010.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
1, Park Drive, Morpeth last changed hands on 17th August 2018, selling for £435,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has risen by 13.9% since August 2018.
- Sold Aug 2018£435,000
- Sold Feb 2012£287,000
- Sold Mar 2007£315,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 630 metres of 1, Park Drive, Morpeth across the last 2 years.
Most recently, 5, Park Drive, Morpeth, NE61 2SY, a freehold house, sold at £478,300 on the 7th October 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1, Park Drive, Morpeth as the 2nd largest and the 3rd most expensive of the 26 addresses on Park Drive, Deuchar Park, Morpeth, NE61.
Against the NE61 postcode district average, it is £204k more expensive than the typical property.
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Schools Nearby
- 600mMorpeth First School
- 900mSt Roberts Catholic First School, Morpeth
- 900mAbbeyfields First School
- 1.6kmThe King Edward VI School
- 6.1kmSt Benet Biscop Catholic Academy
- 7.2kmAshington Academy
More reading links
Public Transport Nearby
Morpeth station is the nearest stop to 1, Park Drive, Morpeth at 400 metres away.
- 400mMorpeth
- 3.4kmPegswood
- 7.7kmAshington
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
