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Company No. 11113204
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According to the public record, 2, Broom Close, Morpeth is a mid-century leasehold house with 979 ft2 of internal area and sits on a 250 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 2, Broom Close, Morpeth is £233,242 and the estimated rental value is £1,307 per month.
Broom Close, Morpeth, NE61 is located within the NE61 postal district.
2, Broom Close, Morpeth has 2 entries in the Land Registry , most recently in February 2022 and a single entry in the EPC database dated July 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 2, Broom Close, Morpeth is in very good condition we estimate a sale value of £244,904 and a rental value of £1,372 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £216,915 and a rental value of £1,216 per month.
Over the last 12 months the sale value of 2 Broom Close Morpeth has increased by an estimated £9,127 (3.9%) and its rental value has increased by an estimated £64 per month (4.9%), giving an expected gross yield of 6.7%.
According to data from HM Land Registry, 2, Broom Close, Morpeth sits on a plot of 250m2.
We have plot size data on 23 out of 24 other houses in the postcode and 2, Broom Close, Morpeth sits on the 19th largest plot.
2, Broom Close, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jul 2016.
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, 2, Broom Close, Morpeth was last sold on 1st February 2022 for £245,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since February 2022, the market for similar properties has risen 61.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Broom Close, Morpeth within a radius of 830 metres over the last 2 years.
The most recent example is 5, Broom Close, Morpeth, NE61 2HF, a freehold house which sold for £210,000 on the 13th December 2022.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Broom Close, Morpeth, NE61 has a total of 24 addresses. According to our analysis of all the public data, 2, Broom Close, Morpeth is the 9th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £45k less expensive than the average property in NE61.
The closest station to 2, Broom Close, Morpeth is Morpeth station which is 800 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 2, Broom Close, Morpeth, 52.1% of property is privately owned outright and 26.1% 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 2, Broom Close, Morpeth, 12.0% of residents are recorded as possessing school level qualifications and 26.0% 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 2, Broom Close, Morpeth, the average age was 48.3 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 2, Broom Close, Morpeth, 1.6% 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 2, Broom Close, Morpeth, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.
