2 School Close

    2, SCHOOL CLOSE, MORPETH, NE61 1DY

    This terraced freehold property on School Close last sold in August 2023 for £290,000. Based on price growth in the NE61 district since then, its estimated current value is £321,043 — placing it in the 54th percentile nationally and the 65th percentile within NE61. The property covers 138 m² (1,485 sq ft), giving an estimated value of £2,326 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    138 m²

    (1,485 sq ft)

    Last Sale Price

    £290,000

    Aug 2023

    Estimated Valuation

    £321,043

    Est. £/m²

    £2,326/m²

    £216/sq ft

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms5
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area138 m² (1,485 sq ft)
    EPC dateJun 2015
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    8 Aug 2023

    £290,000

    11 Jun 2015

    £233,000

    28 Nov 1997

    £80,000

    Key Metrics

    Estimated valuation£321,043
    Value per m² / sq ft£2,326/m² (£216/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE61 district percentile65th percentile
    National percentile54th percentile

    District Context — NE61

    NE61 covers the area around Morpeth and nearby settlements in central Northumberland, located between Newcastle and the Scottish border. It is a rural and semi-rural district with strong community character and good access to both countryside and urban amenities.

    Average Property Price - NE61

    £293,975

    41

    National percentile

    Average Net Household Income - NE61

    £39,988

    58

    National percentile

    10-Year Annualised Price Growth - NE61

    3.5%

    47

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE61

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