5, Park Drive
5, Park Drive
Description & Estimates
According to the public record, 5, Park Drive, Morpeth is a mid-century house with 1,334 ft2 of internal area and sits on a 739 m2 plot.
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 £378,379 and the estimated rental value is £1,466 per month.
Park Drive, Hepscott Park, Stannington, Morpeth, NE61 is located within the NE61 postal district.
Our Data Sources
5, Park Drive, Morpeth has no records in the the Land Registry and a single entry in the EPC database dated August 2013.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 £397,297 and a rental value of £1,540 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £351,892 and a rental value of £1,364 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Park Drive, Morpeth has increased by £4,150 (1.1%), while its estimated rental value has grown by £35 per month (2.4%). Based on current estimates, the property offers a gross rental yield of 4.7%.
Plot Size
According to data from HM Land Registry, 5, Park Drive, Morpeth sits on a plot of 739 m2.
We have plot size data on 28 out of 35 other houses in the postcode and 5, Park Drive, Morpeth sits on the 16th largest plot.
Energy Efficiency
5, Park Drive, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 30 Aug 2013.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
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 2.6 kilometres over the last 2 years.
The most recent example is The Gatehouse, Park Drive, Morpeth, NE61 6QA, a freehold house which sold for £364,995 on the 30th September 2021.
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, Hepscott Park, Stannington, Morpeth, NE61 has a total of 35 addresses. According to our analysis of all the public data, 5, Park Drive, Morpeth is the 33rd largest and the 34th most expensive property on the street.
When compared to the postcode district it is £98k more expensive than the average property in NE61.
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Schools Nearby
- 2.9kmMeadowdale Academy
- 3.0kmMorpeth Stobhillgate First School
- 3.0kmMorpeth First School
- 3.1kmSt Benet Biscop Catholic Academy
- 5.1kmThe King Edward VI School
- 5.7kmBedlington Academy
More reading links
Public Transport Nearby
The closest station to 5, Park Drive, Morpeth is Morpeth station, which is 3.6 kilometres away.
- 3.6kmMorpeth
- 4.7kmPegswood
- 5.3kmBedlington
Available Internet Speeds
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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.
