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According to the public record, 2, Forge Estate, Morpeth is a mid-century freehold house with 1,700 ft2 of internal area and sits on a 346 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Forge Estate, Morpeth is £322,616 and the estimated rental value is £1,688 per month.
Forge Estate, Ulgham, Morpeth, NE61 is located within the NE61 postal district.
2, Forge Estate, Morpeth has a single entry in the Land Registry from May 2022 and a single entry in the EPC database dated February 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 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, Forge Estate, Morpeth is in very good condition we estimate a sale value of £338,747 and a rental value of £1,773 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £300,033 and a rental value of £1,570 per month.
Over the last 12 months the sale value of 2 Forge Estate Morpeth has increased by an estimated £3,538 (1.1%) and its rental value has increased by an estimated £41 per month (2.4%), giving an expected gross yield of 6.3%.
According to data from HM Land Registry, 2, Forge Estate, Morpeth sits on a plot of 346m2.
We have plot size data on 18 out of 21 other houses in the postcode and 2, Forge Estate, Morpeth sits on the 11th largest plot.
2, Forge Estate, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Feb 2022.
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, Forge Estate, Morpeth was last sold on 27th May 2022 for £315,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has risen 14.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Forge Estate, Morpeth within a radius of 3.4 kilometres over the last 2 years.
The most recent example is 2, Orchard Close, Morpeth, NE61 3AP, a freehold house which sold for £251,000 on the 28th April 2023.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forge Estate, Ulgham, Morpeth, NE61 has a total of 21 addresses. According to our analysis of all the public data, 2, Forge Estate, Morpeth is the 3rd largest and the 7th most expensive property on the street.
When compared to the postcode district it is £42k more expensive than the average property in NE61.
The closest station to 2, Forge Estate, Morpeth is Widdrington station which is 2.6 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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, Forge Estate, Morpeth, 64.2% of property is privately owned outright and 30.9% 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, Forge Estate, Morpeth, 7.9% of residents are recorded as possessing school level qualifications and 52.0% 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, Forge Estate, Morpeth, the average age was 45 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, Forge Estate, Morpeth, 1.1% 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, Forge Estate, Morpeth, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.
