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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Southgate Mews, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,794 ft2 of internal area and sits on a 415 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Southgate Mews, Morpeth is £649,498 and the estimated rental value is £2,103 per month.
Southgate Mews, Morpeth, NE61 is located within the NE61 postal district.
2, Southgate Mews, Morpeth has a single entry in the Land Registry from September 2007 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 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 2, Southgate Mews, Morpeth is in very good condition we estimate a sale value of £681,973 and a rental value of £2,208 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £604,033 and a rental value of £1,956 per month.
Over the last 12 months the sale value of 2 Southgate Mews Morpeth has increased by an estimated £7,123 (1.1%) and its rental value has increased by an estimated £51 per month (2.4%), giving an expected gross yield of 3.9%.
According to data from HM Land Registry, 2, Southgate Mews, Morpeth sits on a plot of 415m2.
We have plot size data on 37 out of 37 other houses in the postcode and 2, Southgate Mews, Morpeth sits on the 4th largest plot.
According to HM Land Registry, 2, Southgate Mews, Morpeth was last sold on 19th September 2007 for £402,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since September 2007, the market for similar properties has risen 25.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Southgate Mews, Morpeth within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 9, Southgate Wood, Morpeth, NE61 2EN, a freehold house which sold for £700,000 on the 27th August 2021.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Southgate Mews, Morpeth, NE61 has a total of 37 addresses. According to our analysis of all the public data, 2, Southgate Mews, Morpeth is the 3rd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £369k more expensive than the average property in NE61.
The closest station to 2, Southgate Mews, Morpeth is Morpeth station which is 1.1 kilometres 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, Southgate Mews, Morpeth, % of property is and % is .
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, Southgate Mews, Morpeth, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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, Southgate Mews, 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 2, Southgate Mews, Morpeth, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
