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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, Peacock Gap is a modern freehold house with 2,669 ft2 of internal area and sits on a 922 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Peacock Gap is £1,079,174 and the estimated rental value is £3,538 per month.
Morpeth, NE61 is located within the NE61 postal district.
Peacock Gap has 2 entries in the Land Registry , most recently in February 2016 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.
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 Peacock Gap is in very good condition we estimate a sale value of £1,133,133 and a rental value of £3,714 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,003,632 and a rental value of £3,290 per month.
Over the last 12 months the sale value of Peacock Gap has increased by an estimated £4,639 (0.4%) and its rental value has increased by an estimated £45 per month (1.3%), giving an expected gross yield of 3.9%.
According to data from HM Land Registry, Peacock Gap sits on a plot of 922m2.
We have plot size data on 2 out of 3 other houses in the postcode and Peacock Gap sits on the largest plot.
Peacock Gap has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 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, Boiler and radiators, mains gas.
According to HM Land Registry, Peacock Gap was last sold on 8th February 2016 for £770,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since February 2016, the market for similar properties has risen 35.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Peacock Gap within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 7, De Merley Road, Morpeth, NE61 1HZ, a freehold house which sold for £985,000 on the 31st October 2023.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morpeth, NE61 has a total of 243 addresses. According to our analysis of all the public data, Peacock Gap is the 37th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £801k more expensive than the average property in NE61.
The closest station to Peacock Gap is Morpeth station which is 1.9 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 Peacock Gap, 63.2% of property is privately owned outright and 27.2% is privately owned with a mortgage.
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 Peacock Gap, 14.2% of residents are recorded as possessing school level qualifications and 52.2% 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 Peacock Gap, the average age was 47.5 and the most common age was 72.
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 Peacock Gap, 1.3% 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 Peacock Gap, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.
