17, Southgate Wood
17, Southgate Wood
Description & Estimates
17, Southgate Wood, Morpeth is recorded publicly as a modern freehold house across 2,109 ft2 of internal area, sitting on a 1,191 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 17, Southgate Wood, Morpeth is £761,730 and its rental estimate is £2,533 per month, given the available information and assuming reasonable condition.
Southgate Wood, Morpeth, NE61 falls within the NE61 postal district.
Our Data Sources
17, Southgate Wood, Morpeth has a single entry in the Land Registry from March 2018 and a single entry in the EPC database dated March 2017.
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.
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 17, Southgate Wood, Morpeth, we estimate a market value of £799,817 and a rental value of £2,660 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £708,409 and £2,356 per month respectively.
Recent Market Change
Over the last year, 17, Southgate Wood, Morpeth has seen its estimated sale value increase by £2,035 (0.3%) and its estimated rental value grow by £41 per month (1.6%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for 17, Southgate Wood, Morpeth as measuring 1,191 m2.
That makes it the 5th largest plot in the postcode, where all 20 other houses have recorded plot data.
Energy Efficiency
17, Southgate Wood, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Mar 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 17, Southgate Wood, Morpeth completed on 9th March 2018 at £585,000 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 24.7% over the period since March 2018.
- Sold Mar 2018£585,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 17, Southgate Wood, Morpeth have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th August 2023, was 8, Southgate Wood, Morpeth, NE61 2EN, a freehold house which sold for £840,000.
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 21 addresses on Southgate Wood, Morpeth, NE61, 17, Southgate Wood, Morpeth comes out as the 5th largest and the 12th most expensive in our analysis of the public data.
It is also £481k more expensive than the average property across the NE61 district.
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Schools Nearby
- 400mMorpeth First School
- 1.2kmMorpeth Stobhillgate First School
- 1.8kmAbbeyfields First School
- 2.7kmThe King Edward VI School
- 5.5kmSt Benet Biscop Catholic Academy
- 7.4kmAshington Academy
More reading links
Public Transport Nearby
From 17, Southgate Wood, Morpeth, the nearest station is Morpeth, 1.3 kilometres away.
- 1.3kmMorpeth
- 3.9kmPegswood
- 7.5kmBedlington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
