5, Park Drive
5, Park Drive
Description & Estimates
According to the public record, 5, Park Drive, Morpeth is a mid-century freehold house with 1,819 ft2 of internal area.
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 5, Park Drive, Morpeth is £471,758 and the estimated rental value is £1,996 per month.
Park Drive, Deuchar Park, Morpeth, NE61 is located within the NE61 postal district.
Our Data Sources
5, Park Drive, Morpeth has a single entry in the Land Registry from October 2024 and a single entry in the EPC database dated April 2024.
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.
Price Range & Condition
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 5, Park Drive, Morpeth is in very good condition we estimate a sale value of £495,346 and a rental value of £2,095 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £438,735 and a rental value of £1,856 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Park Drive, Morpeth has increased by £5,174 (1.1%), while its estimated rental value has grown by £48 per month (2.4%). Based on current estimates, the property offers a gross rental yield of 5.1%.
Energy Efficiency
5, Park Drive, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Apr 2024.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 5, Park Drive, Morpeth was last sold on 7th October 2024 for £478,300 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2024, the market for similar properties has dropped by 12.6%.
- Sold Oct 2024£478,300
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Park Drive, Morpeth within a radius of 640 metres over the last 2 years.
The most recent example is 9, Park Drive, Morpeth, NE61 2SY, a freehold house which sold for £430,000 on the 18th September 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Park Drive, Deuchar Park, Morpeth, NE61 has a total of 26 addresses. According to our analysis of all the public data, 5, Park Drive, Morpeth is the 3rd largest and the 6th most expensive property on the street.
When compared to the postcode district it is £191k more expensive than the average property in NE61.
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Schools Nearby
- 600mMorpeth First School
- 900mSt Roberts Catholic First School, Morpeth
- 900mAbbeyfields First School
- 1.6kmThe King Edward VI School
- 6.1kmSt Benet Biscop Catholic Academy
- 7.2kmAshington Academy
More reading links
Public Transport Nearby
The closest station to 5, Park Drive, Morpeth is Morpeth station, which is 400 metres away.
- 400mMorpeth
- 3.4kmPegswood
- 7.7kmAshington
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
