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According to the public record, 40, Castle Close, Morpeth is a mid-century freehold house with 957 ft2 of internal area and sits on a 127 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 40, Castle Close, Morpeth is £178,946 and the estimated rental value is £1,176 per month.
Castle Close, Morpeth, NE61 is located within the NE61 postal district.
40, Castle Close, Morpeth has 21 entries in the Land Registry , most recently in February 2017 and a single entry in the EPC database dated July 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 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 40, Castle Close, Morpeth is in very good condition we estimate a sale value of £187,893 and a rental value of £1,234 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,420 and a rental value of £1,093 per month.
Over the last 12 months the sale value of 40 Castle Close Morpeth has increased by an estimated £7,002 (3.9%) and its rental value has increased by an estimated £58 per month (4.9%), giving an expected gross yield of 7.9%.
According to data from HM Land Registry, 40, Castle Close, Morpeth sits on a plot of 127m2.
We have plot size data on 15 out of 23 other houses in the postcode and 40, Castle Close, Morpeth sits on the 14th largest plot.
40, Castle Close, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Jul 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 40, Castle Close, Morpeth was last sold on 24th February 2017 for £123,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since February 2017, the market for similar properties has risen 64.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Castle Close, Morpeth within a radius of 630 metres over the last 2 years.
The most recent example is 20, Castle Close, Morpeth, NE61 2LJ, a freehold house which sold for £185,000 on the 29th April 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castle Close, Morpeth, NE61 has a total of 72 addresses. According to our analysis of all the public data, 40, Castle Close, Morpeth is the 27th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £100k less expensive than the average property in NE61.
The closest station to 40, Castle Close, Morpeth is Morpeth station which is 700 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 40, Castle Close, Morpeth, 40.3% of property is socially rented and 28.6% 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 40, Castle Close, Morpeth, 21.8% of residents are recorded as possessing school level qualifications and 29.5% 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 40, Castle Close, 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 40, Castle Close, 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 40, Castle Close, Morpeth, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
