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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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5, Southgate Wood, Morpeth is recorded publicly as a modern freehold house across 2,012 ft2 of internal area, sitting on a 858 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 5, Southgate Wood, Morpeth is £785,048 and its rental estimate is £2,610 per month, given the available information and assuming reasonable condition.
Southgate Wood, Morpeth, NE61 falls within the NE61 postal district.
5, Southgate Wood, Morpeth has a single entry in the Land Registry from November 2014 and a single entry in the EPC database dated March 2014.
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.
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 5, Southgate Wood, Morpeth, we estimate a market value of £824,300 and a rental value of £2,741 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £730,095 and £2,428 per month respectively.
Over the last year, 5, Southgate Wood, Morpeth has seen its estimated sale value climb by £2,098 (0.3%) and its estimated rental value rise by £43 per month (1.6%). This results in an estimated gross rental yield of 4.0%.
HM Land Registry records the plot of land for 5, Southgate Wood, Morpeth as measuring 858 m2.
That makes it the 17th largest plot in the postcode, where all 20 other houses have recorded plot data.
5, Southgate Wood, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Mar 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 5, Southgate Wood, Morpeth completed on 7th November 2014 at £525,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 34.6% over the period since November 2014.
Over the past 2 years 3 properties similar to 5, Southgate Wood, Morpeth have sold within a radius of 1.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th August 2023, was 8, Southgate Wood, Morpeth, NE61 2EN, a freehold house which sold for £840,000.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 21 addresses on Southgate Wood, Morpeth, NE61, 5, Southgate Wood, Morpeth comes out as the 10th largest and the 9th most expensive in our analysis of the public data.
It is also £504k more expensive than the average property across the NE61 district.
From 5, Southgate Wood, Morpeth, the nearest station is Morpeth, 1.3 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Southgate Wood, Morpeth, % of property is and % is .
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, Southgate Wood, Morpeth, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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, Southgate Wood, Morpeth, 0.0% 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, Southgate Wood, Morpeth, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
