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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 5, Pilgrims Way, Morpeth is a leasehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,644 ft2 of internal area and sits on a 796 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Pilgrims Way, Morpeth is £397,946 and the estimated rental value is £1,620 per month.
Pilgrims Way, Morpeth, NE61 is located within the NE61 postal district.
5, Pilgrims Way, Morpeth has 21 entries in the Land Registry , most recently in August 2012 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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 5, Pilgrims Way, Morpeth is in very good condition we estimate a sale value of £417,843 and a rental value of £1,701 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £370,090 and a rental value of £1,507 per month.
Over the last 12 months the sale value of 5 Pilgrims Way Morpeth has increased by an estimated £5,621 (1.4%) and its rental value has increased by an estimated £51 per month (3.1%), giving an expected gross yield of 4.9%.
According to data from HM Land Registry, 5, Pilgrims Way, Morpeth sits on a plot of 796m2.
We have plot size data on 10 out of 10 other houses in the postcode and 5, Pilgrims Way, Morpeth sits on the largest plot.
According to HM Land Registry, 5, Pilgrims Way, Morpeth was last sold on 3rd August 2012 for £325,000 and was recorded as a leasehold house.
The property has had 2 sales since 1995.
Since August 2012, the market for similar properties has risen 50.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Pilgrims Way, Morpeth within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 8, Queensway, Morpeth, NE61 2BG, a leasehold house which sold for £405,000 on the 29th November 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Pilgrims Way, Morpeth, NE61 has a total of 10 addresses. According to our analysis of all the public data, 5, Pilgrims Way, Morpeth is the 6th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £119k more expensive than the average property in NE61.
The closest station to 5, Pilgrims Way, Morpeth is Morpeth station which is 1.6 kilometres 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 5, Pilgrims Way, Morpeth, 66.1% of property is privately owned outright and 29.8% 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 5, Pilgrims Way, Morpeth, 11.6% of residents are recorded as possessing school level qualifications and 37.1% 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 5, Pilgrims Way, 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 5, Pilgrims Way, Morpeth, 0.8% 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 5, Pilgrims Way, Morpeth, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.
