4 The Paddocks, Morpeth
4 The Paddocks, Morpeth
Description & Estimates
The public record lists 4 The Paddocks, Morpeth as a freehold house sitting on a 265 m2 plot.
Comparison with its neighbours suggests a modern house with 979 ft2 of internal area and a garden.
In this area, houses of this size normally have 3 bedrooms.
4 The Paddocks, Morpeth has an estimated sale value of £207,712 and an estimated rental value of £1,336 per month, assuming reasonable condition and based on the information available.
High Onstead, Pegswood, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
4 The Paddocks, Morpeth has a single entry in the Land Registry from July 2019 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
In very good condition, we estimate 4 The Paddocks, Morpeth would be worth £218,097, with a potential rental value of £1,402 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £193,172, with a rental value of £1,242 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 4 The Paddocks, Morpeth has climbed by £7,353 (3.5%) over the last year. During the same period, its estimated monthly rental value has risen by £67 (5.0%). The property's estimated gross yield is currently 7.7%.
Plot Size
4 The Paddocks, Morpeth occupies a 265 m2 plot as recorded by HM Land Registry.
Of the 9 other houses in this postcode, 6 have recorded plot sizes, and this one ranks as the 2nd largest.
Sold Prices
4 The Paddocks, Morpeth last changed hands on 1st July 2019, selling for £178,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 48.2% since July 2019.
- Sold Jul 2019£178,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.7 kilometres of 4 The Paddocks, Morpeth across the last 2 years.
Most recently, 6 The Paddocks, High Onstead, Morpeth, NE61 6RB, a freehold house, sold at £225,000 on the 7th August 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 4 The Paddocks, Morpeth as the 7th largest and the 7th most expensive of the 13 addresses on High Onstead, Pegswood, Morpeth, NE61.
Against the NE61 postcode district average, it is £73k less expensive than the typical property.
More reading links
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
More reading links
Public Transport Nearby
Pegswood station is the nearest stop to 4 The Paddocks, Morpeth at 800 metres away.
- 800mPegswood
- 2.7kmMorpeth
- 5.3kmAshington
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
