8, Park Drive
8, Park Drive
Description & Estimates
Public records show 8, Park Drive, Morpeth to be a modern freehold house with 2,529 ft2 of internal area, sitting on a 1,273 m2 plot.
In this area, houses of this size normally have 5 bedrooms with a garden.
8, Park Drive, Morpeth has an estimated sale value of £730,826 and an estimated rental value of £2,430 per month, assuming reasonable condition and based on the information available.
Park Drive, Hepscott Park, Stannington, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
8, Park Drive, Morpeth has 31 entries in the Land Registry , most recently in December 2022 and a single entry in the EPC database dated October 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 8, Park Drive, Morpeth would be worth £767,368, with a potential rental value of £2,552 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £679,668, with a rental value of £2,260 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 8, Park Drive, Morpeth has climbed by £1,953 (0.3%) over the last year. During the same period, its estimated monthly rental value has risen by £40 (1.6%). The property's estimated gross yield is currently 4.0%.
Plot Size
8, Park Drive, Morpeth occupies a 1,273 m2 plot as recorded by HM Land Registry.
Of the 35 other houses in this postcode, 28 have recorded plot sizes, and this one ranks as the 7th largest.
Energy Efficiency
8, Park Drive, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 24 Oct 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, mains gas.
Sold Prices
8, Park Drive, Morpeth last changed hands on 9th December 2022, selling for £760,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold 3 times since 1995.
The market for similar properties has dropped by 10.6% since December 2022.
- Sold Dec 2022£760,000
- Sold Oct 2002£320,000
- Sold Oct 1998£230,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.6 kilometres of 8, Park Drive, Morpeth across the last 2 years.
Most recently, 2, Hepscott Fields, Morpeth, NE61 6GJ, a freehold house, sold at £675,000 on the 13th March 2023.
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
Our analysis of the public data ranks 8, Park Drive, Morpeth as the 6th largest and the 6th most expensive of the 35 addresses on Park Drive, Hepscott Park, Stannington, Morpeth, NE61.
Against the NE61 postcode district average, it is £450k more expensive than the typical property.
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Schools Nearby
- 2.9kmMeadowdale Academy
- 3.0kmMorpeth Stobhillgate First School
- 3.0kmMorpeth First School
- 3.1kmSt Benet Biscop Catholic Academy
- 5.1kmThe King Edward VI School
- 5.7kmBedlington Academy
More reading links
Public Transport Nearby
Morpeth station is the nearest stop to 8, Park Drive, Morpeth at 3.6 kilometres away.
- 3.6kmMorpeth
- 4.7kmPegswood
- 5.3kmBedlington
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
