40, Park Road
40, Park Road
Description & Estimates
40, Park Road, Morpeth is recorded publicly as an early-century freehold house across 990 ft2 of internal area, sitting on a 787 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 40, Park Road, Morpeth is £432,808 and its rental estimate is £1,457 per month, given the available information and assuming reasonable condition.
Park Road, Swarland, Morpeth, NE65 falls within the NE65 postal district.
Our Data Sources
40, Park Road, Morpeth has 21 entries in the Land Registry , most recently in March 2018 and a single entry in the EPC database dated December 2017.
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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 40, Park Road, Morpeth, we estimate a market value of £454,448 and a rental value of £1,530 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £402,511 and £1,355 per month respectively.
Recent Market Change
Over the last year, 40, Park Road, Morpeth has seen its estimated sale value increase by £8,752 (2.0%) and its estimated rental value grow by £47 per month (3.2%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for 40, Park Road, Morpeth as measuring 787 m2.
That makes it the 21st largest plot in the postcode, where 29 of the 31 other houses have recorded plot data.
Energy Efficiency
40, Park Road, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 04 Dec 2017.
The property is not connected to mains gas and has partial secondary glazing. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of 40, Park Road, Morpeth completed on 8th March 2018 at £195,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 17.7% over the period since March 2018.
- Sold Mar 2018£195,000
- Sold Dec 2000£89,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 40, Park Road, Morpeth have sold within a radius of 4.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th October 2020, was 46, Park Road, Morpeth, NE65 9JD, a freehold house which sold for £192,500.
Read more about house prices in NE65.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 31 addresses on Park Road, Swarland, Morpeth, NE65, 40, Park Road, Morpeth comes out as the 25th largest and the 24th most expensive in our analysis of the public data.
It is also £139k more expensive than the average property across the NE65 district.
More reading links
Schools Nearby
- 1.0kmSwarland Primary School
- 3.0kmFelton Church of England Primary School
- 6.8kmShilbottle Primary School
- 9.1kmThe Duchess's Community High School
- 9.4kmJames Calvert Spence College
- 16.5kmThe King Edward VI School
More reading links
Public Transport Nearby
From 40, Park Road, Morpeth, the nearest station is Acklington, 6.0 kilometres away.
- 6.0kmAcklington
- 10.4kmAlnmouth
- 11.9kmWiddrington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
