3, Spencer Drive
3, Spencer Drive
Description & Estimates
According to the public record, 3, Spencer Drive, Morpeth is a mid-century house with 859 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Spencer Drive, Morpeth is £112,884 and the estimated rental value is £782 per month.
Spencer Drive, Pegswood, Morpeth, NE61 is located within the NE61 postal district.
Our Data Sources
3, Spencer Drive, Morpeth has no records in the the Land Registry and a single entry in the EPC database dated May 2010.
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
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, Spencer Drive, Morpeth is in very good condition we estimate a sale value of £118,528 and a rental value of £821 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £104,982 and a rental value of £727 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 3, Spencer Drive, Morpeth has increased by £3,996 (3.5%), while its estimated rental value has grown by £39 per month (5.0%). Based on current estimates, the property offers a gross rental yield of 8.3%.
Energy Efficiency
3, Spencer Drive, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 26 May 2010.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
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, Spencer Drive, Morpeth within a radius of 1.8 kilometres over the last 2 years.
The most recent example is 26, Spencer Drive, Morpeth, NE61 6SZ, a freehold house which sold for £112,500 on the 24th May 2023.
Read more about house prices in NE61.
- Sold May 2023£112,500 | 3 Bed House26, Spencer Drive, Morpeth, NE61 6SZ26, Spencer Drive, Morpeth, NE61 6SZ
- Sold Nov 2022£74,000 | 3 Bed House23, Spencer Drive, Morpeth, NE61 6SZ23, Spencer Drive, Morpeth, NE61 6SZ
- Sold Apr 2022£76,000 | 3 Bed House8, Spencer Drive, Morpeth, NE61 6SZ8, Spencer Drive, Morpeth, NE61 6SZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Spencer Drive, Pegswood, Morpeth, NE61 has a total of 31 addresses. According to our analysis of all the public data, 3, Spencer Drive, Morpeth is the 15th largest and the 16th most expensive property on the street.
When compared to the postcode district it is £168k less expensive than the average property in NE61.
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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
The closest station to 3, Spencer Drive, Morpeth is Pegswood station, which is 600 metres away.
- 600mPegswood
- 2.8kmMorpeth
- 5.0kmAshington
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.
