1 The Paddocks, Morpeth
1 The Paddocks, Morpeth
Description & Estimates
1 The Paddocks, Morpeth appears in the public record as a freehold house sitting on a 210 m2 plot.
By comparing it to nearby properties, we estimate it to be a modern house with 932 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of 1 The Paddocks, Morpeth is £194,116 and its rental estimate is £1,268 per month, given the available information and assuming reasonable condition.
High Onstead, Pegswood, Morpeth, NE61 falls within the NE61 postal district.
Our Data Sources
1 The Paddocks, Morpeth has a single entry in the Land Registry from August 2019 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.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1 The Paddocks, Morpeth, we estimate a market value of £203,822 and a rental value of £1,331 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £180,528 and £1,179 per month respectively.
Recent Market Change
Over the last year, 1 The Paddocks, Morpeth has seen its estimated sale value grow by £6,872 (3.5%) and its estimated rental value climb by £64 per month (5.0%). This results in an estimated gross rental yield of 7.8%.
Plot Size
HM Land Registry records the plot of land for 1 The Paddocks, Morpeth as measuring 210 m2.
That makes it the 5th largest plot in the postcode, where 6 of the 9 other houses have recorded plot data.
Sold Prices
The most recent sale of 1 The Paddocks, Morpeth completed on 6th August 2019 at £169,950 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 47.7% over the period since August 2019.
- Sold Aug 2019£169,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1 The Paddocks, Morpeth have sold within a radius of 1.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th August 2024, was 6 The Paddocks, High Onstead, Morpeth, NE61 6RB, a freehold house which sold for £225,000.
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
Of the 13 addresses on High Onstead, Pegswood, Morpeth, NE61, 1 The Paddocks, Morpeth comes out as the 10th largest and the 12th most expensive in our analysis of the public data.
It is also £87k less expensive than the average property across the NE61 district.
More reading links
Schools Nearby
- 700mPegswood Primary School
- 2.6kmMorpeth Stobhillgate First School
- 2.8kmSt Roberts Catholic First School, Morpeth
- 2.5kmThe King Edward VI School
- 4.9kmAshington Academy
- 6.3kmSt Benet Biscop Catholic Academy
More reading links
Public Transport Nearby
From 1 The Paddocks, Morpeth, the nearest station is Pegswood, 800 metres away.
- 800mPegswood
- 2.7kmMorpeth
- 5.3kmAshington
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
