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According to the public record, 7, Merle Gardens, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,315 ft2 of internal area and sits on a 323 m2 plot 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, Merle Gardens, Morpeth is £356,554 and the estimated rental value is £1,643 per month.
Merle Gardens, Morpeth, NE61 is located within the NE61 postal district.
7, Merle Gardens, Morpeth has 2 entries in the Land Registry , most recently in October 2013 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 4 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, Merle Gardens, Morpeth is in very good condition we estimate a sale value of £374,382 and a rental value of £1,725 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £331,595 and a rental value of £1,528 per month.
Over the last 12 months the sale value of 7 Merle Gardens Morpeth has increased by an estimated £3,910 (1.1%) and its rental value has increased by an estimated £40 per month (2.4%), giving an expected gross yield of 5.5%.
According to data from HM Land Registry, 7, Merle Gardens, Morpeth sits on a plot of 323m2.
We have plot size data on 15 out of 18 other houses in the postcode and 7, Merle Gardens, Morpeth sits on the 6th largest plot.
According to HM Land Registry, 7, Merle Gardens, Morpeth was last sold on 29th October 2013 for £245,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since October 2013, the market for similar properties has risen 27.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Merle Gardens, Morpeth within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 31, Curlew Hill, Morpeth, NE61 3SH, a freehold house which sold for £329,500 on the 12th January 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Merle Gardens, Morpeth, NE61 has a total of 18 addresses. According to our analysis of all the public data, 7, Merle Gardens, Morpeth is the 4th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £76k more expensive than the average property in NE61.
The closest station to 7, Merle Gardens, Morpeth is Morpeth station which is 1.8 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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, Merle Gardens, Morpeth, 73.6% of property is privately owned outright and 24.0% is privately owned with a mortgage.
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, Merle Gardens, Morpeth, 15.2% of residents are recorded as possessing school level qualifications and 50.6% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7, Merle Gardens, Morpeth, the average age was 47.5 and the most common age was 72.
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, Merle Gardens, Morpeth, 0.7% 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, Merle Gardens, Morpeth, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.
