3, Castle Way
3, Castle Way
Description & Estimates
According to the public record, 3, Castle Way, Morpeth is a leasehold house that sits on a 253 m2 plot.
By comparing it to neighbours, we estimate that it is a modern house with 973 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Castle Way, Morpeth is £167,038 and the estimated rental value is £1,115 per month.
Castle Way, Pegswood, Morpeth, NE61 is located within the NE61 postal district.
Our Data Sources
3, Castle Way, Morpeth has 51 entries in the Land Registry , most recently in August 2018 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 5 out of 5 and is considered of high accuracy.
Price Range & Condition
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 3, Castle Way, Morpeth is in very good condition we estimate a sale value of £175,390 and a rental value of £1,170 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £155,346 and a rental value of £1,037 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 3, Castle Way, Morpeth has risen by £5,913 (3.5%), while its estimated rental value has moved up by £56 per month (5.0%). Based on current estimates, the property offers a gross rental yield of 8.0%.
Plot Size
According to data from HM Land Registry, 3, Castle Way, Morpeth sits on a plot of 253 m2.
We have plot size data on 63 out of 71 other houses in the postcode and 3, Castle Way, Morpeth sits on the 6th largest plot.
Sold Prices
According to HM Land Registry, 3, Castle Way, Morpeth was last sold on 17th August 2018 for £108,000 and was recorded as a leasehold house.
The property has had 5 sales since 1995.
Since August 2018, the market for similar properties has risen by 48.4%.
- Sold Aug 2018£108,000
- Sold Aug 2018£108,000
- Sold Mar 2009£116,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Castle Way, Morpeth within a radius of 2.2 kilometres over the last 2 years.
The most recent example is 9, Warkworth Drive, Morpeth, NE61 6TD, a leasehold house which sold for £203,000 on the 7th March 2024.
Read more about house prices in NE61.
- Sold Mar 2024£203,000 | 3 Bed House9, Warkworth Drive, Morpeth, NE61 6TD9, Warkworth Drive, Morpeth, NE61 6TD
- Sold Aug 2023£160,000 | 3 Bed House54, Bamburgh Drive, Morpeth, NE61 6TT54, Bamburgh Drive, Morpeth, NE61 6TT
- Sold Nov 2022£151,000 | 3 Bed House36, Castle Way, Morpeth, NE61 6XH36, Castle Way, Morpeth, NE61 6XH
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Castle Way, Pegswood, Morpeth, NE61 has a total of 71 addresses. According to our analysis of all the public data, 3, Castle Way, Morpeth is the 13th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £114k less expensive than the average property in NE61.
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Schools Nearby
- 300mPegswood Primary School
- 3.1kmMorpeth Stobhillgate First School
- 3.3kmRingway Primary School
- 3.3kmThe King Edward VI School
- 4.0kmAshington Academy
- 5.8kmSt Benet Biscop Catholic Academy
More reading links
Public Transport Nearby
The closest station to 3, Castle Way, Morpeth is Pegswood station, which is 400 metres away.
- 400mPegswood
- 3.3kmMorpeth
- 4.4kmAshington
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
