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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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3 Gallow Law, Morpeth is recorded publicly as a period freehold house across 893 ft2 of internal area, sitting on a 389 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 3 Gallow Law, Morpeth is £267,486 and its rental estimate is £1,332 per month, given the available information and assuming reasonable condition.
Alwinton, Morpeth, NE65 falls within the NE65 postal district.
3 Gallow Law, Morpeth has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated September 2016.
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.
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 3 Gallow Law, Morpeth, we estimate a market value of £280,861 and a rental value of £1,399 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £248,762 and £1,239 per month respectively.
Over the last year, 3 Gallow Law, Morpeth has seen its estimated sale value rise by £5,409 (2.0%) and its estimated rental value move up by £43 per month (3.2%). This results in an estimated gross rental yield of 6.0%.
HM Land Registry records the plot of land for 3 Gallow Law, Morpeth as measuring 389 m2.
That makes it the 14th largest plot in the postcode, where 18 of the 23 other houses have recorded plot data.
3 Gallow Law, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 08 Sep 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
The most recent sale of 3 Gallow Law, Morpeth completed on 15th December 2022 at £150,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 9.0% over the period since December 2022.
Over the past 2 years 3 properties similar to 3 Gallow Law, Morpeth have sold within a radius of 14.5 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 19th August 2024, was Border Way, Morpeth, NE65 7BQ, a freehold house which sold for £250,000.
Read more about house prices in NE65.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 28 addresses on Alwinton, Morpeth, NE65, 3 Gallow Law, Morpeth comes out as the 17th largest and the 16th most expensive in our analysis of the public data.
It is also £27k less expensive than the average property across the NE65 district.
From 3 Gallow Law, Morpeth, the nearest station is Acklington, 30.4 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 3 Gallow Law, Morpeth, 45.2% of property is privately rented and 39.7% is privately owned outright.
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 3 Gallow Law, Morpeth, 9.8% of residents are recorded as possessing school level qualifications and 22.9% 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 3 Gallow Law, Morpeth, the average age was 50.7 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 3 Gallow Law, 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 3 Gallow Law, Morpeth, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.
