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Company No. 11113204
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According to the public record, 7, Hepscott Burn, Morpeth is a modern freehold house with 1,765 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Hepscott Burn, Morpeth is £526,938 and the estimated rental value is £1,733 per month.
Hepscott Burn, Morpeth, NE61 is located within the NE61 postal district.
7, Hepscott Burn, Morpeth has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated December 2022.
We combine this information with that 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.
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, Hepscott Burn, Morpeth is in very good condition we estimate a sale value of £553,285 and a rental value of £1,820 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £490,052 and a rental value of £1,612 per month.
Over the last 12 months the sale value of 7 Hepscott Burn Morpeth has increased by an estimated £7,444 (1.4%) and its rental value has increased by an estimated £55 per month (3.1%), giving an expected gross yield of 3.9%.
7, Hepscott Burn, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Dec 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 7, Hepscott Burn, Morpeth was last sold on 21st December 2022 for £497,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since December 2022, the market for similar properties has dropped 13.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Hepscott Burn, Morpeth within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 5, Hepscott Burn, Morpeth, NE61 2FW, a freehold house which sold for £494,995 on the 22nd December 2022.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hepscott Burn, Morpeth, NE61 has a total of 8 addresses. According to our analysis of all the public data, 7, Hepscott Burn, Morpeth is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £248k more expensive than the average property in NE61.
The closest station to 7, Hepscott Burn, Morpeth is Morpeth station which is 1.2 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Hepscott Burn, Morpeth, % of property is and % is .
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, Hepscott Burn, Morpeth, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, Hepscott Burn, Morpeth, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, Hepscott Burn, Morpeth, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
