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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, Redwing Close, Morpeth is a modern freehold house with 2,658 ft2 of internal area.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Redwing Close, Morpeth is £674,124 and the estimated rental value is £2,334 per month.
Redwing Close, Morpeth, NE61 is located within the NE61 postal district.
5, Redwing Close, Morpeth has a single entry in the Land Registry from December 2023 and a single entry in the EPC database dated December 2023.
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.
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, Redwing Close, Morpeth is in very good condition we estimate a sale value of £707,830 and a rental value of £2,451 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £626,935 and a rental value of £2,171 per month.
Over the last 12 months the sale value of 5 Redwing Close Morpeth has increased by an estimated £2,898 (0.4%) and its rental value has increased by an estimated £30 per month (1.3%), giving an expected gross yield of 4.2%.
5, Redwing Close, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Dec 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 5, Redwing Close, Morpeth was last sold on 22nd December 2023 for £605,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2023, the market for similar properties has dropped 16.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Redwing Close, Morpeth within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 7, Redwing Close, Morpeth, NE61 1EZ, a freehold house which sold for £595,950 on the 28th June 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Redwing Close, Morpeth, NE61 has a total of 12 addresses. According to our analysis of all the public data, 5, Redwing Close, Morpeth is the 5th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £396k more expensive than the average property in NE61.
The closest station to 5, Redwing Close, Morpeth is Morpeth station which is 1.7 kilometres away.
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, Redwing Close, Morpeth, 51.7% of property is privately owned outright and 31.9% 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, Redwing Close, Morpeth, 17.7% of residents are recorded as possessing school level qualifications and 61.0% 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, Redwing Close, Morpeth, the average age was 45.1 and the most common age was 62.
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, Redwing Close, Morpeth, 1.7% 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, Redwing Close, Morpeth, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.
