5, Well Strand
5, Well Strand
Description & Estimates
According to the public record, 5, Well Strand, Morpeth is a modern leasehold apartment with 656 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Well Strand, Morpeth is £169,362 and the estimated rental value is £924 per month.
Well Strand, Rothbury, Morpeth, NE65 is located within the NE65 postal district.
Our Data Sources
5, Well Strand, Morpeth has 41 entries in the Land Registry , most recently in December 2021 and a single entry in the EPC database dated April 2021.
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.
Price Range & Condition
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, Well Strand, Morpeth is in very good condition we estimate a sale value of £177,830 and a rental value of £970 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £157,506 and a rental value of £860 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 5, Well Strand, Morpeth has risen by £811 (0.5%), while its estimated rental value has moved up by £16 per month (1.7%). Based on current estimates, the property offers a gross rental yield of 6.5%.
Energy Efficiency
5, Well Strand, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Apr 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 5, Well Strand, Morpeth was last sold on 9th December 2021 for £190,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since December 2021, the market for similar properties has dropped by 22.3%.
- Sold Dec 2021£190,000
- Sold Jan 2016£175,000
- Sold Jul 2005£190,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Well Strand, Morpeth within a radius of 7.0 kilometres over the last 2 years.
The most recent example is 6, Well Strand, Morpeth, NE65 7TW, a leasehold flat which sold for £131,000 on the 18th October 2024.
Read more about house prices in NE65.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Well Strand, Rothbury, Morpeth, NE65 has a total of 14 addresses. According to our analysis of all the public data, 5, Well Strand, Morpeth is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £125k less expensive than the average property in NE65.
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Schools Nearby
- 400mRothbury First School
- 2.5kmThropton Village First School
- 10.3kmWhittingham Church of England Primary School
- 16.9kmThe Duchess's Community High School
- 20.3kmJames Calvert Spence College
- 20.4kmThe King Edward VI School
More reading links
Public Transport Nearby
The closest station to 5, Well Strand, Morpeth is Acklington station, which is 16.6 kilometres away.
- 16.6kmAcklington
- 19.8kmAlnmouth
- 20.3kmWiddrington
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be low.
