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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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According to the public record, 32, Spelvit Lane, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,052 ft2 of internal area and sits on a 155 m2 plot 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 32, Spelvit Lane, Morpeth is £180,512 and the estimated rental value is £1,142 per month.
Spelvit Lane, Morpeth, NE61 is located within the NE61 postal district.
32, Spelvit Lane, Morpeth has 61 entries in the Land Registry , most recently in May 2012 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.
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 32, Spelvit Lane, Morpeth is in very good condition we estimate a sale value of £189,537 and a rental value of £1,200 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £167,876 and a rental value of £1,063 per month.
Over the last 12 months the sale value of 32 Spelvit Lane Morpeth has increased by an estimated £7,064 (3.9%) and its rental value has increased by an estimated £56 per month (4.9%), giving an expected gross yield of 7.6%.
According to data from HM Land Registry, 32, Spelvit Lane, Morpeth sits on a plot of 155m2.
We have plot size data on 22 out of 27 other houses in the postcode and 32, Spelvit Lane, Morpeth sits on the 13th largest plot.
According to HM Land Registry, 32, Spelvit Lane, Morpeth was last sold on 25th May 2012 for £114,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since May 2012, the market for similar properties has risen 72.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 32, Spelvit Lane, Morpeth within a radius of 740 metres over the last 2 years.
The most recent example is 10, Highford Gardens, Morpeth, NE61 2JS, a freehold house which sold for £152,000 on the 28th June 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spelvit Lane, Morpeth, NE61 has a total of 53 addresses. According to our analysis of all the public data, 32, Spelvit Lane, Morpeth is the 13th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £98k less expensive than the average property in NE61.
The closest station to 32, Spelvit Lane, Morpeth is Morpeth station which is 900 metres away.
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.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 32, Spelvit Lane, Morpeth, 63.5% of property is privately owned outright and 23.8% is privately owned with a mortgage.
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 32, Spelvit Lane, Morpeth, 12.4% of residents are recorded as possessing school level qualifications and 33.6% 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 32, Spelvit Lane, Morpeth, the average age was 48.3 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 32, Spelvit Lane, Morpeth, 0.4% 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 32, Spelvit Lane, Morpeth, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.
