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According to the public record, Lake View, Morpeth is a mid-century freehold house with 1,603 ft2 of internal area and sits on a 457 m2 plot.
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 Lake View, Morpeth is £378,556 and the estimated rental value is £1,742 per month.
Hartburn, Morpeth, NE61 is located within the NE61 postal district.
Lake View, Morpeth has 21 entries in the Land Registry , most recently in November 2019 and a single entry in the EPC database dated January 2018.
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.
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 Lake View, Morpeth is in very good condition we estimate a sale value of £397,484 and a rental value of £1,829 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £352,057 and a rental value of £1,620 per month.
Over the last 12 months the sale value of Lake View Morpeth has increased by an estimated £4,152 (1.1%) and its rental value has increased by an estimated £42 per month (2.4%), giving an expected gross yield of 5.5%.
According to data from HM Land Registry, Lake View, Morpeth sits on a plot of 457m2.
We have plot size data on 3 out of 3 other houses in the postcode and Lake View, Morpeth sits on the 3rd largest plot.
Lake View, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jan 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
According to HM Land Registry, Lake View, Morpeth was last sold on 28th November 2019 for £300,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since November 2019, the market for similar properties has risen 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Lake View, Morpeth within a radius of 10.6 kilometres over the last 2 years.
The most recent example is 6, Netherwitton Village, Morpeth, NE61 4NU, a freehold house which sold for £350,000 on the 14th July 2023.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hartburn, Morpeth, NE61 has a total of 84 addresses. According to our analysis of all the public data, Lake View, Morpeth is the 50th largest and the 51st most expensive property on the street.
When compared to the postcode district it is £98k more expensive than the average property in NE61.
The closest station to Lake View, Morpeth is Morpeth station which is 12.6 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 Lake View, Morpeth, 39.0% of property is privately rented and 35.8% is privately owned outright.
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 Lake View, Morpeth, 15.3% of residents are recorded as possessing school level qualifications and 43.2% 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 Lake View, Morpeth, the average age was 44.7 and the most common age was 57.
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 Lake View, Morpeth, 1.6% 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 Lake View, Morpeth, there are an average of 1.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.
