2, Spencer Drive
2, Spencer Drive
Description & Estimates
The public record describes 2, Spencer Drive, Morpeth as a mid-century house with 861 ft2 of internal area, sitting on a 88.7 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
2, Spencer Drive, Morpeth has an estimated sale value of £113,039 and an estimated rental value of £783 per month, assuming reasonable condition and based on the information available.
Spencer Drive, Pegswood, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
2, Spencer Drive, Morpeth has no records in the the Land Registry and a single entry in the EPC database dated July 2013.
We combine this information with public data 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.
Price Range & Condition
In very good condition, we estimate 2, Spencer Drive, Morpeth would be worth £118,691, with a potential rental value of £822 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £105,127, with a rental value of £728 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2, Spencer Drive, Morpeth has grown by £4,002 (3.5%) over the last year. During the same period, its estimated monthly rental value has climbed by £39 (5.0%). The property's estimated gross yield is currently 8.3%.
Plot Size
2, Spencer Drive, Morpeth occupies a 89 m2 plot as recorded by HM Land Registry.
Of the 31 other houses in this postcode, 18 have recorded plot sizes, and this one ranks as the 13th largest.
Energy Efficiency
2, Spencer Drive, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Jul 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.8 kilometres of 2, Spencer Drive, Morpeth across the last 2 years.
Most recently, 26, Spencer Drive, Morpeth, NE61 6SZ, a freehold house, sold at £112,500 on the 24th May 2023.
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
Our analysis of the public data ranks 2, Spencer Drive, Morpeth as the 14th largest and the 15th most expensive of the 31 addresses on Spencer Drive, Pegswood, Morpeth, NE61.
Against the NE61 postcode district average, it is £168k less expensive than the typical property.
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Schools Nearby
- 600mPegswood Primary School
- 2.6kmMorpeth Stobhillgate First School
- 2.9kmSt Roberts Catholic First School, Morpeth
- 2.7kmThe King Edward VI School
- 4.6kmAshington Academy
- 6.1kmSt Benet Biscop Catholic Academy
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Public Transport Nearby
Pegswood station is the nearest stop to 2, Spencer Drive, Morpeth at 600 metres away.
- 600mPegswood
- 2.8kmMorpeth
- 5.0kmAshington
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
