Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Connect me with
an Estate Agent
Our partner Agents appear here!
Book a demo
Find an Estate
Agent
According to the public record, Postern House, Morpeth is a early-century freehold house with 2,061 ft2 of internal area and sits on a 1,901 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 Postern House, Morpeth is £827,405 and the estimated rental value is £2,751 per month.
Spelvit Lane, Morpeth, NE61 is located within the NE61 postal district.
Postern House, Morpeth has 21 entries in the Land Registry , most recently in October 2009 and a single entry in the EPC database dated February 2009.
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 Postern House, Morpeth is in very good condition we estimate a sale value of £868,775 and a rental value of £2,889 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £769,486 and a rental value of £2,559 per month.
Over the last 12 months the sale value of Postern House Morpeth has increased by an estimated £2,211 (0.3%) and its rental value has increased by an estimated £45 per month (1.6%), giving an expected gross yield of 4%.
According to data from HM Land Registry, Postern House, Morpeth sits on a plot of 1901m2.
Postern House, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 19 Feb 2009.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, Postern House, Morpeth was last sold on 30th October 2009 for £550,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since October 2009, the market for similar properties has risen 40.5%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 620 metres radius of Postern House, Morpeth over the last 2 years.
The most recent example is 39, Duncan Gardens, Morpeth, NE61 2PS, a freehold house which sold for £119,500 on the 15th February 2019.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spelvit Lane, Morpeth, NE61 has a total of 53 addresses. According to our analysis of all the public data, Postern House, Morpeth is the largest and the most expensive property on the street.
When compared to the postcode district it is £547k more expensive than the average property in NE61.
The closest station to Postern House, Morpeth is Morpeth station which is 400 metres 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 Postern House, Morpeth, 59.9% of property is privately owned outright and 31.7% 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 Postern House, Morpeth, 16.4% of residents are recorded as possessing school level qualifications and 46.9% 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 Postern House, Morpeth, 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 Postern House, Morpeth, 0.5% 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 Postern House, Morpeth, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.
