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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, Springwell Drive, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,569 ft2 of internal area and sits on a 97.7 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, Springwell Drive, Morpeth is £184,515 and the estimated rental value is £1,113 per month.
Springwell Drive, Ellington, Morpeth, NE61 is located within the NE61 postal district.
5, Springwell Drive, Morpeth has a single entry in the Land Registry from December 2007 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, Springwell Drive, Morpeth is in very good condition we estimate a sale value of £193,741 and a rental value of £1,168 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £171,599 and a rental value of £1,035 per month.
Over the last 12 months the sale value of 5 Springwell Drive Morpeth has increased by an estimated £2,024 (1.1%) and its rental value has increased by an estimated £27 per month (2.4%), giving an expected gross yield of 7.2%.
According to data from HM Land Registry, 5, Springwell Drive, Morpeth sits on a plot of 98m2.
We have plot size data on 9 out of 15 other houses in the postcode and 5, Springwell Drive, Morpeth sits on the 7th largest plot.
According to HM Land Registry, 5, Springwell Drive, Morpeth was last sold on 7th December 2007 for £108,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2007, the market for similar properties has risen 49.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Springwell Drive, Morpeth within a radius of 1.6 kilometres over the last 2 years.
The most recent example is 6, Rede Court, Morpeth, NE61 5LW, a leasehold house which sold for £152,950 on the 3rd July 2015.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Springwell Drive, Ellington, Morpeth, NE61 has a total of 15 addresses. According to our analysis of all the public data, 5, Springwell Drive, Morpeth is the largest and the most expensive property on the street.
When compared to the postcode district it is £96k less expensive than the average property in NE61.
The closest station to 5, Springwell Drive, Morpeth is Ashington station which is 4.3 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, Springwell Drive, Morpeth, 30.4% of property is privately owned outright and 30.4% 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, Springwell Drive, Morpeth, 15.8% of residents are recorded as possessing school level qualifications and 28.4% 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, Springwell Drive, Morpeth, the average age was 45 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, Springwell Drive, 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, Springwell Drive, 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.
