3 The Paddocks, Morpeth
3 The Paddocks, Morpeth
Description & Estimates
According to the public record, 3 The Paddocks, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,134 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 The Paddocks, Morpeth is £223,269 and the estimated rental value is £1,361 per month.
High Onstead, Pegswood, Morpeth, NE61 is located within the NE61 postal district.
Our Data Sources
3 The Paddocks, Morpeth has a single entry in the Land Registry from March 2020 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 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 The Paddocks, Morpeth is in very good condition we estimate a sale value of £234,432 and a rental value of £1,429 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £207,640 and a rental value of £1,266 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 3 The Paddocks, Morpeth has moved up by £7,904 (3.5%), while its estimated rental value has increased by £68 per month (5.0%). Based on current estimates, the property offers a gross rental yield of 7.3%.
Sold Prices
According to HM Land Registry, 3 The Paddocks, Morpeth was last sold on 20th March 2020 for £215,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2020, the market for similar properties has risen by 43.7%.
- Sold Mar 2020£215,000
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 The Paddocks, Morpeth within a radius of 1.7 kilometres over the last 2 years.
The most recent example is 4 The Stables, High Onstead, Morpeth, NE61 6RA, a freehold house which sold for £270,000 on the 22nd December 2020.
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
High Onstead, Pegswood, Morpeth, NE61 has a total of 13 addresses. According to our analysis of all the public data, 3 The Paddocks, Morpeth is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £58k less expensive than the average property in NE61.
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Schools Nearby
- 700mPegswood Primary School
- 2.6kmMorpeth Stobhillgate First School
- 2.8kmSt Roberts Catholic First School, Morpeth
- 2.5kmThe King Edward VI School
- 4.9kmAshington Academy
- 6.3kmSt Benet Biscop Catholic Academy
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Public Transport Nearby
The closest station to 3 The Paddocks, Morpeth is Pegswood station, which is 800 metres away.
- 800mPegswood
- 2.7kmMorpeth
- 5.3kmAshington
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
