7, Castle Way
7, Castle Way
Description & Estimates
7, Castle Way, Morpeth is described in the public record as a modern house with 441 ft2 of internal area, sitting on a 79.8 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 7, Castle Way, Morpeth is £109,279 and its rental estimate is £796 per month, given the available information and assuming reasonable condition.
Castle Way, Pegswood, Morpeth, NE61 falls within the NE61 postal district.
Our Data Sources
7, Castle Way, Morpeth has no recent1 records in the the Land Registry and a single entry in the EPC database dated December 2016.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 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 7, Castle Way, Morpeth, we estimate a market value of £114,743 and a rental value of £835 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £101,629 and £740 per month respectively.
Recent Market Change
Over the last year, 7, Castle Way, Morpeth has seen its estimated sale value grow by £3,896 (3.6%) and its estimated rental value climb by £41 per month (5.1%). This results in an estimated gross rental yield of 8.7%.
Plot Size
HM Land Registry records the plot of land for 7, Castle Way, Morpeth as measuring 80 m2.
That makes it the 63rd largest plot in the postcode, where 63 of the 71 other houses have recorded plot data.
Energy Efficiency
7, Castle Way, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Dec 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 7, Castle Way, Morpeth completed on 18th November 2005 at £70,000 and was recorded by HM Land Registry as a leasehold house.
Since 1995 the property has sold 4 times.
- Sold Nov 2005£70,000
- Sold Dec 2002£33,000
- Sold Aug 2002£27,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Castle Way, Morpeth have sold within a radius of 2.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th June 2023, was 15, Callaly Close, Morpeth, NE61 6XL, a leasehold house which sold for £56,000.
Read more about house prices in NE61.
- Sold Jun 2023£56,000 | 2 Bed House15, Callaly Close, Morpeth, NE61 6XL15, Callaly Close, Morpeth, NE61 6XL
- Sold Mar 2023£69,000 | 2 Bed House15, Castle Way, Morpeth, NE61 6XH15, Castle Way, Morpeth, NE61 6XH
- Sold May 2015£69,000 | 2 Bed House32, Bamburgh Drive, Morpeth, NE61 6TT32, Bamburgh Drive, Morpeth, NE61 6TT
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 71 addresses on Castle Way, Pegswood, Morpeth, NE61, 7, Castle Way, Morpeth comes out as the 68th largest and the 70th most expensive in our analysis of the public data.
It is also £172k less expensive than the average property across the NE61 district.
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Schools Nearby
- 300mPegswood Primary School
- 3.1kmMorpeth Stobhillgate First School
- 3.3kmRingway Primary School
- 3.3kmThe King Edward VI School
- 4.0kmAshington Academy
- 5.8kmSt Benet Biscop Catholic Academy
More reading links
Public Transport Nearby
From 7, Castle Way, Morpeth, the nearest station is Pegswood, 400 metres away.
- 400mPegswood
- 3.3kmMorpeth
- 4.4kmAshington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
