Butterfly Cottage, Morpeth
Butterfly Cottage, Morpeth
Description & Estimates
Butterfly Cottage, Morpeth is recorded publicly as a modern freehold house across 2,551 ft2 of internal area, sitting on a 357 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of Butterfly Cottage, Morpeth is £762,357 and its rental estimate is £2,535 per month, given the available information and assuming reasonable condition.
Molesden, Morpeth, NE61 falls within the NE61 postal district.
Our Data Sources
Butterfly Cottage, Morpeth has 31 entries in the Land Registry , most recently in June 2024 and a single entry in the EPC database dated February 2022.
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 Butterfly Cottage, Morpeth, we estimate a market value of £800,475 and a rental value of £2,662 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £708,992 and £2,358 per month respectively.
Recent Market Change
Over the last year, Butterfly Cottage, Morpeth has seen its estimated sale value grow by £2,037 (0.3%) and its estimated rental value climb by £41 per month (1.6%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for Butterfly Cottage, Morpeth as measuring 357 m2.
That makes it the 12th largest plot in the postcode, where 12 of the 13 other houses have recorded plot data.
Energy Efficiency
Butterfly Cottage, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 09 Feb 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of Butterfly Cottage, Morpeth completed on 21st June 2024 at £575,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 24.5% over the period since June 2024.
- Sold Jun 2024£575,000
- Sold Apr 2008£465,000
- Sold Oct 2005£138,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Butterfly Cottage, Morpeth have sold within a radius of 4.6 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 31st October 2023, was 6, Bowmont Walk, Morpeth, NE61 6DA, a freehold house which sold for £717,500.
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 16 addresses on Molesden, Morpeth, NE61, Butterfly Cottage, Morpeth comes out as the 5th largest and the 5th most expensive in our analysis of the public data.
It is also £482k more expensive than the average property across the NE61 district.
More reading links
Schools Nearby
- 3.4kmWhalton Church of England Aided Primary School
- 4.7kmAbbeyfields First School
- 4.7kmMorpeth All Saints Church of England First School
- 5.5kmThe King Edward VI School
- 10.7kmSt Benet Biscop Catholic Academy
- 12.2kmPonteland High School
More reading links
Public Transport Nearby
From Butterfly Cottage, Morpeth, the nearest station is Morpeth, 5.7 kilometres away.
- 5.7kmMorpeth
- 8.5kmPegswood
- 12.8kmBedlington
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
