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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
According to the public record, 2, Sparrow Lea, Morpeth is a modern house with 2,658 ft2 of internal area.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Sparrow Lea, Morpeth is £653,126 and the estimated rental value is £2,353 per month.
Sparrow Lea, Morpeth, NE61 is located within the NE61 postal district.
2, Sparrow Lea, Morpeth has no records in the the Land Registry and a single entry in the EPC database dated December 2024.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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, Sparrow Lea, Morpeth is in very good condition we estimate a sale value of £685,783 and a rental value of £2,471 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £607,408 and a rental value of £2,188 per month.
Over the last 12 months the sale value of 2 Sparrow Lea Morpeth has increased by an estimated £2,808 (0.4%) and its rental value has increased by an estimated £30 per month (1.3%), giving an expected gross yield of 4.3%.
2, Sparrow Lea, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Dec 2024.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Sparrow Lea, Morpeth within a radius of 990 metres over the last 2 years.
The most recent example is 7, Redwing Close, Morpeth, NE61 1EZ, a freehold house which sold for £595,950 on the 28th June 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sparrow Lea, Morpeth, NE61 has a total of 15 addresses. According to our analysis of all the public data, 2, Sparrow Lea, Morpeth is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £375k more expensive than the average property in NE61.
The closest station to 2, Sparrow Lea, Morpeth is Morpeth station which is 1.6 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Sparrow Lea, Morpeth, 51.7% of property is privately owned outright and 31.9% 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, Sparrow Lea, Morpeth, 17.7% of residents are recorded as possessing school level qualifications and 61.0% 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, Sparrow Lea, 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 2, Sparrow Lea, Morpeth, 1.7% 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, Sparrow Lea, Morpeth, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.
