Twin Oaks, Morpeth
Twin Oaks, Morpeth
Description & Estimates
Twin Oaks, Morpeth is recorded publicly as a mid-century freehold house across 1,668 ft2 of internal area, sitting on a 15,435 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of Twin Oaks, Morpeth is £380,667 and its rental estimate is £1,799 per month, given the available information and assuming reasonable condition.
Shadfen, Morpeth, NE61 falls within the NE61 postal district.
Our Data Sources
Twin Oaks, Morpeth has a single entry in the Land Registry from September 2018 and a single entry in the EPC database dated April 2019.
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.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For Twin Oaks, Morpeth, we estimate a market value of £399,701 and a rental value of £1,889 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £354,021 and £1,673 per month respectively.
Recent Market Change
Over the last year, Twin Oaks, Morpeth has seen its estimated sale value move up by £4,175 (1.1%) and its estimated rental value increase by £43 per month (2.4%). This results in an estimated gross rental yield of 5.7%.
Plot Size
HM Land Registry records the plot of land for Twin Oaks, Morpeth as measuring 15,435 m2.
That makes it the 3rd largest plot in the postcode, where 5 of the 8 other houses have recorded plot data.
Energy Efficiency
Twin Oaks, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Apr 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
The most recent sale of Twin Oaks, Morpeth completed on 18th September 2018 at £290,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 3.2% over the period since September 2018.
- Sold Sep 2018£290,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Twin Oaks, Morpeth have sold within a radius of 2.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 12th September 2022, was East Farm, Pegswood Village, Morpeth, NE61 6TX, a freehold house which sold for £380,000.
Read more about house prices in NE61.
- Sold Sep 2022£380,000 | 4 Bed HousePegswood VillageEast Farm, Pegswood Village, Morpeth, NE61 6TX
- Sold Oct 2021£310,000 | 4 Bed HousePegswood VillageThe Willows, Pegswood Village, Morpeth, NE61 6RF
- Sold Jun 2021£257,000 | 4 Bed HousePegswood Village10 North Farm, Pegswood Village, Morpeth, NE61 6RE
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 21 addresses on Shadfen, Morpeth, NE61, Twin Oaks, Morpeth comes out as the 9th largest and the 9th most expensive in our analysis of the public data.
It is also £100k more expensive than the average property across the NE61 district.
More reading links
Schools Nearby
- 1.6kmPegswood Primary School
- 2.1kmMorpeth Stobhillgate First School
- 3.1kmMorpeth First School
- 3.2kmThe King Edward VI School
- 4.2kmAshington Academy
- 4.7kmSt Benet Biscop Catholic Academy
More reading links
Public Transport Nearby
From Twin Oaks, Morpeth, the nearest station is Pegswood, 1.0 kilometres away.
- 1.0kmPegswood
- 2.6kmMorpeth
- 4.7kmAshington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
