3, Well Strand
3, Well Strand
Description & Estimates
3, Well Strand, Morpeth is recorded publicly as a modern leasehold apartment across 687 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 3, Well Strand, Morpeth is £172,969 and its rental estimate is £928 per month, given the available information and assuming reasonable condition.
Well Strand, Rothbury, Morpeth, NE65 falls within the NE65 postal district.
Our Data Sources
3, Well Strand, Morpeth has 21 entries in the Land Registry , most recently in May 2014 and a single entry in the EPC database dated October 2011.
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.
Price Range & Condition
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, Well Strand, Morpeth, we estimate a market value of £181,618 and a rental value of £975 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £160,861 and £863 per month respectively.
Recent Market Change
Over the last year, 3, Well Strand, Morpeth has seen its estimated sale value increase by £828 (0.5%) and its estimated rental value grow by £16 per month (1.7%). This results in an estimated gross rental yield of 6.4%.
Energy Efficiency
3, Well Strand, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Oct 2011.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, Well Strand, Morpeth completed on 16th May 2014 at £157,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 9.7% over the period since May 2014.
- Sold May 2014£157,000
- Sold Aug 2002£115,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Well Strand, Morpeth have sold within a radius of 7.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th October 2024, was 6, Well Strand, Morpeth, NE65 7TW, a leasehold flat which sold for £131,000.
Read more about house prices in NE65.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 14 addresses on Well Strand, Rothbury, Morpeth, NE65, 3, Well Strand, Morpeth comes out as the 12th largest and the 12th most expensive in our analysis of the public data.
It is also £121k less expensive than the average property across the NE65 district.
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Schools Nearby
- 400mRothbury First School
- 2.5kmThropton Village First School
- 10.3kmWhittingham Church of England Primary School
- 16.9kmThe Duchess's Community High School
- 20.3kmJames Calvert Spence College
- 20.4kmThe King Edward VI School
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Public Transport Nearby
From 3, Well Strand, Morpeth, the nearest station is Acklington, 16.6 kilometres away.
- 16.6kmAcklington
- 19.8kmAlnmouth
- 20.3kmWiddrington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated low, based on Environment Agency data.
