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Company No. 11113204
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Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 4, Ridge Grove, Morpeth is a modern freehold house with 1,829 ft2 of internal area and sits on a 422 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 4, Ridge Grove, Morpeth is £571,803 and the estimated rental value is £1,851 per month.
Ridge Grove, Stannington, Morpeth, NE61 is located within the NE61 postal district.
4, Ridge Grove, Morpeth has a single entry in the Land Registry from March 2022 and a single entry in the EPC database dated March 2022.
We combine this information with that 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.
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 4, Ridge Grove, Morpeth is in very good condition we estimate a sale value of £600,393 and a rental value of £1,944 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £531,777 and a rental value of £1,722 per month.
Over the last 12 months the sale value of 4 Ridge Grove Morpeth has increased by an estimated £6,271 (1.1%) and its rental value has increased by an estimated £45 per month (2.4%), giving an expected gross yield of 3.9%.
According to data from HM Land Registry, 4, Ridge Grove, Morpeth sits on a plot of 422m2.
We have plot size data on 8 out of 8 other houses in the postcode and 4, Ridge Grove, Morpeth sits on the 6th largest plot.
4, Ridge Grove, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Mar 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler.
According to HM Land Registry, 4, Ridge Grove, Morpeth was last sold on 31st March 2022 for £520,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2022, the market for similar properties has dropped 9.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Ridge Grove, Morpeth within a radius of 3.1 kilometres over the last 2 years.
The most recent example is 8, Ridge Grove, Morpeth, NE61 6GH, a freehold house which sold for £505,000 on the 3rd May 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ridge Grove, Stannington, Morpeth, NE61 has a total of 8 addresses. According to our analysis of all the public data, 4, Ridge Grove, Morpeth is the largest and the most expensive property on the street.
When compared to the postcode district it is £291k more expensive than the average property in NE61.
The closest station to 4, Ridge Grove, Morpeth is Morpeth station which is 4.0 kilometres away.
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 4, Ridge Grove, Morpeth, % of property is and % is .
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 4, Ridge Grove, Morpeth, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 4, Ridge Grove, 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 4, Ridge Grove, Morpeth, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
