7, Alexander Grove
7, Alexander Grove
Description & Estimates
According to the public record, 7, Alexander Grove, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,709 ft2 of internal area 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 7, Alexander Grove, Morpeth is £525,152 and the estimated rental value is £1,667 per month.
Alexander Grove, Swarland, Morpeth, NE65 is located within the NE65 postal district.
Our Data Sources
7, Alexander Grove, Morpeth has a single entry in the Land Registry from September 2021 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 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 7, Alexander Grove, Morpeth is in very good condition we estimate a sale value of £551,410 and a rental value of £1,750 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £488,392 and a rental value of £1,550 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 7, Alexander Grove, Morpeth has increased by £6,228 (1.2%), while its estimated rental value has grown by £42 per month (2.5%). Based on current estimates, the property offers a gross rental yield of 3.8%.
Sold Prices
According to HM Land Registry, 7, Alexander Grove, Morpeth was last sold on 27th September 2021 for £389,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since September 2021, the market for similar properties has dropped by 2.8%.
- Sold Sep 2021£389,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Alexander Grove, Morpeth within a radius of 4.9 kilometres over the last 2 years.
The most recent example is 16, Old Park Road, Morpeth, NE65 9HJ, a freehold house which sold for £460,150 on the 26th November 2021.
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
Alexander Grove, Swarland, Morpeth, NE65 has a total of 11 addresses. According to our analysis of all the public data, 7, Alexander Grove, Morpeth is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £231k more expensive than the average property in NE65.
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Schools Nearby
- 800mSwarland Primary School
- 2.9kmFelton Church of England Primary School
- 6.2kmShilbottle Primary School
- 8.6kmThe Duchess's Community High School
- 8.9kmJames Calvert Spence College
- 16.7kmThe King Edward VI School
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Public Transport Nearby
The closest station to 7, Alexander Grove, Morpeth is Acklington station, which is 5.6 kilometres away.
- 5.6kmAcklington
- 9.9kmAlnmouth
- 11.8kmWiddrington
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
