9, Park Drive
9, Park Drive
Description & Estimates
9, Park Drive, Morpeth is recorded publicly as a mid-century freehold house across 1,765 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 9, Park Drive, Morpeth is £464,705 and its rental estimate is £1,966 per month, given the available information and assuming reasonable condition.
Park Drive, Deuchar Park, Morpeth, NE61 falls within the NE61 postal district.
Our Data Sources
9, Park Drive, Morpeth has a single entry in the Land Registry from September 2024 and a single entry in the EPC database dated February 2024.
We combine this information with that of neighbouring properties to estimate the property 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 9, Park Drive, Morpeth, we estimate a market value of £487,940 and a rental value of £2,064 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £432,175 and £1,828 per month respectively.
Recent Market Change
Over the last year, 9, Park Drive, Morpeth has seen its estimated sale value rise by £5,096 (1.1%) and its estimated rental value move up by £47 per month (2.4%). This results in an estimated gross rental yield of 5.1%.
Energy Efficiency
9, Park Drive, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Feb 2024.
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 9, Park Drive, Morpeth completed on 18th September 2024 at £430,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 12.6% over the period since September 2024.
- Sold Sep 2024£430,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 9, Park Drive, Morpeth have sold within a radius of 650 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th October 2024, was 5, Park Drive, Morpeth, NE61 2SY, a freehold house which sold for £478,300.
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 26 addresses on Park Drive, Deuchar Park, Morpeth, NE61, 9, Park Drive, Morpeth comes out as the 5th largest and the 8th most expensive in our analysis of the public data.
It is also £184k more expensive than the average property across the NE61 district.
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Schools Nearby
- 600mMorpeth First School
- 900mSt Roberts Catholic First School, Morpeth
- 900mAbbeyfields First School
- 1.6kmThe King Edward VI School
- 6.1kmSt Benet Biscop Catholic Academy
- 7.2kmAshington Academy
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Public Transport Nearby
From 9, Park Drive, Morpeth, the nearest station is Morpeth, 400 metres away.
- 400mMorpeth
- 3.4kmPegswood
- 7.7kmAshington
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.
