61, Park Road
61, Park Road
Description & Estimates
Public records show 61, Park Road, Morpeth to be an early-century freehold house with 904 ft2 of internal area, sitting on a 281 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
61, Park Road, Morpeth has an estimated sale value of £105,553 and an estimated rental value of £721 per month, assuming reasonable condition and based on the information available.
Park Road, Lynemouth, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
61, Park Road, Morpeth has 2 entries in the Land Registry , most recently in March 2023 and a single entry in the EPC database dated November 2022.
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.
Price Range & Condition
In very good condition, we estimate 61, Park Road, Morpeth would be worth £110,831, with a potential rental value of £757 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £98,164, with a rental value of £670 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 61, Park Road, Morpeth has risen by £3,737 (3.5%) over the last year. During the same period, its estimated monthly rental value has moved up by £36 (5.0%). The property's estimated gross yield is currently 8.2%.
Plot Size
61, Park Road, Morpeth occupies a 281 m2 plot as recorded by HM Land Registry.
Of the 36 other houses in this postcode, 27 have recorded plot sizes, and this one ranks as the 4th largest.
Energy Efficiency
61, Park Road, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Nov 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
61, Park Road, Morpeth last changed hands on 1st March 2023, selling for £85,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 203.4% since March 2023.
- Sold Mar 2023£85,000
- Sold May 2016£57,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.1 kilometres of 61, Park Road, Morpeth across the last 2 years.
Most recently, 41, Park Road, Morpeth, NE61 5XJ, a freehold house, sold at £117,000 on the 26th September 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 61, Park Road, Morpeth as the 32nd largest and the 57th most expensive of the 113 addresses on Park Road, Lynemouth, Morpeth, NE61.
Against the NE61 postcode district average, it is £175k less expensive than the typical property.
More reading links
Schools Nearby
- 300mNCEA William Leech CofE Primary School
- 1.6kmEllington Primary School
- 3.0kmLinton Primary School
- 4.0kmNCEA Duke's Secondary School
- 4.5kmAshington Academy
- 8.3kmBedlington Academy
More reading links
Public Transport Nearby
Ashington station is the nearest stop to 61, Park Road, Morpeth at 3.8 kilometres away.
- 3.8kmAshington
- 5.8kmWiddrington
- 7.6kmPegswood
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
