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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, Sylvan Close, Morpeth is a mid-century freehold house with 1,528 ft2 of internal area and sits on a 528 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, Sylvan Close, Morpeth is £417,925 and the estimated rental value is £1,625 per month.
Sylvan Close, Morpeth, NE61 is located within the NE61 postal district.
2, Sylvan Close, Morpeth has 2 entries in the Land Registry , most recently in July 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 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, Sylvan Close, Morpeth is in very good condition we estimate a sale value of £438,821 and a rental value of £1,706 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £388,670 and a rental value of £1,511 per month.
Over the last 12 months the sale value of 2 Sylvan Close Morpeth has increased by an estimated £5,904 (1.4%) and its rental value has increased by an estimated £51 per month (3.1%), giving an expected gross yield of 4.7%.
According to data from HM Land Registry, 2, Sylvan Close, Morpeth sits on a plot of 528m2.
We have plot size data on 10 out of 11 other houses in the postcode and 2, Sylvan Close, Morpeth sits on the largest plot.
2, Sylvan Close, 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, Sylvan Close, Morpeth was last sold on 8th July 2022 for £350,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since July 2022, the market for similar properties has risen 13.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Sylvan Close, Morpeth within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 12, Turners Way, Morpeth, NE61 2YE, a freehold house which sold for £306,900 on the 1st May 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Sylvan Close, Morpeth, NE61 has a total of 11 addresses. According to our analysis of all the public data, 2, Sylvan Close, Morpeth is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £139k more expensive than the average property in NE61.
The closest station to 2, Sylvan Close, Morpeth is Morpeth station which is 1.7 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, Sylvan Close, Morpeth, 65.6% of property is privately owned outright and 27.7% 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, Sylvan Close, Morpeth, 14.2% of residents are recorded as possessing school level qualifications and 50.2% 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, Sylvan Close, Morpeth, the average age was 47.5 and the most common age was 72.
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, Sylvan Close, Morpeth, 1.9% 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, Sylvan Close, 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.
