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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
According to the public record, The Paddock, Morpeth is a modern freehold house with 2,949 ft2 of internal area and sits on a 2,817 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 The Paddock, Morpeth is £901,144 and the estimated rental value is £2,954 per month.
Hepscott, Morpeth, NE61 is located within the NE61 postal district.
The Paddock, Morpeth has 21 entries in the Land Registry , most recently in October 2020 and a single entry in the EPC database dated July 2012.
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 The Paddock, Morpeth is in very good condition we estimate a sale value of £946,201 and a rental value of £3,102 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £838,064 and a rental value of £2,747 per month.
Over the last 12 months the sale value of The Paddock Morpeth has increased by an estimated £3,874 (0.4%) and its rental value has increased by an estimated £38 per month (1.3%), giving an expected gross yield of 3.9%.
According to data from HM Land Registry, The Paddock, Morpeth sits on a plot of 2817m2.
We have plot size data on 6 out of 14 other houses in the postcode and The Paddock, Morpeth sits on the 2nd largest plot.
The Paddock, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Jul 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, The Paddock, Morpeth was last sold on 23rd October 2020 for £760,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since October 2020, the market for similar properties has dropped 8.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to The Paddock, Morpeth within a radius of 2.0 kilometres over the last 2 years.
The most recent example is Four Winds, Morpeth, NE61 6LH, a freehold house which sold for £930,000 on the 10th November 2023.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hepscott, Morpeth, NE61 has a total of 128 addresses. According to our analysis of all the public data, The Paddock, Morpeth is the 25th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £623k more expensive than the average property in NE61.
The closest station to The Paddock, Morpeth is Morpeth station which is 2.4 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around The Paddock, Morpeth, 66.7% of property is privately owned outright and 27.8% 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 The Paddock, Morpeth, 10.8% of residents are recorded as possessing school level qualifications and 56.5% 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 The Paddock, 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 The Paddock, Morpeth, 2.2% 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 The Paddock, 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.
