7, Cheviot Grove
7, Cheviot Grove
Description & Estimates
7, Cheviot Grove, Morpeth appears in the public record as a freehold house sitting on a 267 m2 plot.
By comparing it to nearby properties, we estimate it to be a mid-century house with 917 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of 7, Cheviot Grove, Morpeth is £209,780 and its rental estimate is £1,348 per month, given the available information and assuming reasonable condition.
Cheviot Grove, Pegswood, Morpeth, NE61 falls within the NE61 postal district.
Our Data Sources
7, Cheviot Grove, Morpeth has 61 entries in the Land Registry , most recently in July 2018 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
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, Cheviot Grove, Morpeth, we estimate a market value of £220,268 and a rental value of £1,415 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £195,095 and £1,253 per month respectively.
Recent Market Change
Over the last year, 7, Cheviot Grove, Morpeth has seen its estimated sale value grow by £7,426 (3.5%) and its estimated rental value climb by £68 per month (5.0%). This results in an estimated gross rental yield of 7.7%.
Plot Size
HM Land Registry records the plot of land for 7, Cheviot Grove, Morpeth as measuring 267 m2.
That makes it the 10th largest plot in the postcode, where all 19 other houses have recorded plot data.
Sold Prices
The most recent sale of 7, Cheviot Grove, Morpeth completed on 6th July 2018 at £157,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 6 times.
Values of comparable properties have risen by 48.4% over the period since July 2018.
- Sold Jul 2018£157,500
- Sold Nov 2009£135,000
- Sold Feb 2006£129,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Cheviot Grove, Morpeth have sold within a radius of 1.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 2nd September 2022, was 5, Chevington Close, Morpeth, NE61 6YN, a freehold house which sold for £175,000.
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
Of the 19 addresses on Cheviot Grove, Pegswood, Morpeth, NE61, 7, Cheviot Grove, Morpeth comes out as the 5th largest and the 4th most expensive in our analysis of the public data.
It is also £71k less expensive than the average property across the NE61 district.
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Schools Nearby
- 800mPegswood Primary School
- 2.4kmMorpeth Stobhillgate First School
- 2.7kmSt Roberts Catholic First School, Morpeth
- 2.4kmThe King Edward VI School
- 4.8kmAshington Academy
- 6.0kmSt Benet Biscop Catholic Academy
More reading links
Public Transport Nearby
From 7, Cheviot Grove, Morpeth, the nearest station is Pegswood, 700 metres away.
- 700mPegswood
- 2.5kmMorpeth
- 5.2kmAshington
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.
