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According to the public record, 40, Merley Gate, Morpeth is a modern freehold house with 796 ft2 of internal area and sits on a 334 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, Merley Gate, Morpeth is £298,267 and the estimated rental value is £1,485 per month.
Merley Gate, Morpeth, NE61 is located within the NE61 postal district.
40, Merley Gate, Morpeth has 41 entries in the Land Registry , most recently in November 2017 and a single entry in the EPC database dated June 2017.
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.
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, Merley Gate, Morpeth is in very good condition we estimate a sale value of £313,181 and a rental value of £1,559 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £277,389 and a rental value of £1,381 per month.
Over the last 12 months the sale value of 40 Merley Gate Morpeth has increased by an estimated £11,672 (3.9%) and its rental value has increased by an estimated £73 per month (4.9%), giving an expected gross yield of 6%.
According to data from HM Land Registry, 40, Merley Gate, Morpeth sits on a plot of 334m2.
We have plot size data on 73 out of 73 other houses in the postcode and 40, Merley Gate, Morpeth sits on the 32nd largest plot.
40, Merley Gate, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jun 2017.
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, Merley Gate, Morpeth was last sold on 1st November 2017 for £240,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since November 2017, the market for similar properties has dropped 5.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Merley Gate, Morpeth within a radius of 720 metres over the last 2 years.
The most recent example is 34, Loansdean Wood, Morpeth, NE61 2FB, a leasehold house which sold for £210,225 on the 8th November 2023.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merley Gate, Morpeth, NE61 has a total of 73 addresses. According to our analysis of all the public data, 40, Merley Gate, Morpeth is the 52nd largest and the 43rd most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in NE61.
The closest station to 40, Merley Gate, Morpeth is Morpeth station which is 800 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 40, Merley Gate, Morpeth, 50.3% of property is privately owned outright and 26.2% 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, Merley Gate, Morpeth, 12.5% of residents are recorded as possessing school level qualifications and 51.7% 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, Merley Gate, Morpeth, the average age was 47.5 and the most common age was 72.
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, Merley Gate, 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, Merley Gate, Morpeth, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.
