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According to the public record, 11, Chipchase Close, Morpeth is a modern leasehold apartment with 538 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 11, Chipchase Close, Morpeth is £76,067 and the estimated rental value is £606 per month.
Chipchase Close, Pegswood, Morpeth, NE61 is located within the NE61 postal district.
11, Chipchase Close, Morpeth has 31 entries in the Land Registry , most recently in January 2008 and a single entry in the EPC database dated March 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 11, Chipchase Close, Morpeth is in very good condition we estimate a sale value of £79,870 and a rental value of £636 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £70,742 and a rental value of £564 per month.
Over the last 12 months the sale value of 11 Chipchase Close Morpeth has increased by an estimated £402 (0.5%) and its rental value has increased by an estimated £13 per month (2.1%), giving an expected gross yield of 9.6%.
11, Chipchase Close, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Mar 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 11, Chipchase Close, Morpeth was last sold on 25th January 2008 for £74,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since January 2008, the market for similar properties has dropped 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 2.2 kilometres radius of 11, Chipchase Close, Morpeth over the last 2 years.
The most recent example is 12, Dilston Close, Morpeth, NE61 6TR, a leasehold house which sold for £110,000 on the 17th July 2020.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chipchase Close, Pegswood, Morpeth, NE61 has a total of 16 addresses. According to our analysis of all the public data, 11, Chipchase Close, Morpeth is the 16th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £205k less expensive than the average property in NE61.
The closest station to 11, Chipchase Close, Morpeth is Pegswood station which is 400 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 11, Chipchase Close, Morpeth, 41.1% of property is privately owned with a mortgage and 33.8% is privately owned outright.
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 11, Chipchase Close, Morpeth, 15.3% of residents are recorded as possessing school level qualifications and 32.2% 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 11, Chipchase Close, Morpeth, the average age was 45.1 and the most common age was 62.
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 11, Chipchase Close, Morpeth, 0.0% 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 11, Chipchase Close, Morpeth, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.
