Lightwater Cottage, Morpeth
Lightwater Cottage, Morpeth
Description & Estimates
The public record describes Lightwater Cottage, Morpeth as a modern house with 1,216 ft2 of internal area, sitting on a 4,010 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
Lightwater Cottage, Morpeth has an estimated sale value of £516,254 and an estimated rental value of £1,730 per month, assuming reasonable condition and based on the information available.
Mitford, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
Lightwater Cottage, Morpeth has no records in the the Land Registry and a single entry in the EPC database dated April 2015.
We combine this information with public data 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
In very good condition, we estimate Lightwater Cottage, Morpeth would be worth £542,067, with a potential rental value of £1,817 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £480,117, with a rental value of £1,609 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 Lightwater Cottage, Morpeth has climbed by £5,662 (1.1%) over the last year. During the same period, its estimated monthly rental value has risen by £42 (2.4%). The property's estimated gross yield is currently 4.0%.
Plot Size
Lightwater Cottage, Morpeth occupies a 4,010 m2 plot as recorded by HM Land Registry.
Of the 6 other houses in this postcode, 1 have recorded plot sizes, and this one ranks as the largest.
Energy Efficiency
Lightwater Cottage, Morpeth has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 08 Apr 2015.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, Underfloor heating and radiators, pipes in screed above insulation, electric.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.2 kilometres of Lightwater Cottage, Morpeth across the last 2 years.
Most recently, The Paddock, Morpeth, NE61 3QW, a freehold house, sold at £430,000 on the 10th February 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 Lightwater Cottage, Morpeth as the 46th largest and the 30th most expensive of the 75 addresses on Mitford, Morpeth, NE61.
Against the NE61 postcode district average, it is £235k more expensive than the typical property.
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Schools Nearby
- 3.8kmMorpeth All Saints Church of England First School
- 4.2kmAbbeyfields First School
- 4.6kmSt Roberts Catholic First School, Morpeth
- 4.7kmThe King Edward VI School
- 10.8kmSt Benet Biscop Catholic Academy
- 11.9kmAshington Academy
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Public Transport Nearby
Morpeth station is the nearest stop to Lightwater Cottage, Morpeth at 5.2 kilometres away.
- 5.2kmMorpeth
- 7.8kmPegswood
- 12.4kmAshington
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
