5 The Paddocks, Morpeth
5 The Paddocks, Morpeth
Description & Estimates
5 The Paddocks, Morpeth appears in the public record as a freehold house.
By comparing it to nearby properties, we estimate it to be a modern house with 934 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of 5 The Paddocks, Morpeth is £198,209 and its rental estimate is £1,294 per month, given the available information and assuming reasonable condition.
High Onstead, Pegswood, Morpeth, NE61 falls within the NE61 postal district.
Our Data Sources
5 The Paddocks, Morpeth has a single entry in the Land Registry from April 2019 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 4 out of 5 and is considered of high accuracy.
Price Range & Condition
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 The Paddocks, Morpeth, we estimate a market value of £208,119 and a rental value of £1,358 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £184,334 and £1,203 per month respectively.
Recent Market Change
Over the last year, 5 The Paddocks, Morpeth has seen its estimated sale value increase by £7,017 (3.5%) and its estimated rental value grow by £65 per month (5.0%). This results in an estimated gross rental yield of 7.8%.
Sold Prices
The most recent sale of 5 The Paddocks, Morpeth completed on 18th April 2019 at £168,000 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 49.0% over the period since April 2019.
- Sold Apr 2019£168,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5 The Paddocks, Morpeth have sold within a radius of 1.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th August 2024, was 6 The Paddocks, High Onstead, Morpeth, NE61 6RB, a freehold house which sold for £225,000.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 13 addresses on High Onstead, Pegswood, Morpeth, NE61, 5 The Paddocks, Morpeth comes out as the 9th largest and the 9th most expensive in our analysis of the public data.
It is also £83k less expensive than the average property across the NE61 district.
More reading links
Schools Nearby
- 700mPegswood Primary School
- 2.6kmMorpeth Stobhillgate First School
- 2.8kmSt Roberts Catholic First School, Morpeth
- 2.5kmThe King Edward VI School
- 4.9kmAshington Academy
- 6.3kmSt Benet Biscop Catholic Academy
More reading links
Public Transport Nearby
From 5 The Paddocks, Morpeth, the nearest station is Pegswood, 800 metres away.
- 800mPegswood
- 2.7kmMorpeth
- 5.3kmAshington
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
