# 2 bedroom semi-detached house for sale (NE61 6XH)

## Property Details

| Key | Value |
|-----|-------|
| Address | 31 CASTLE WAY, MORPETH, PEGSWOOD, NORTHUMBERLAND NE61 6XH |
| Price | £145,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | A |
| Last sold | £145,000 Nov 2025 |

## Description

This extended, two bedroom property is located in Pegswood, a small mining village on the outskirts of Morpeth. 

Pegswood offers local amenities including shops, takeaways, a cafe and an OFSTED approved first school, as well as play parks and a Country Park, providing a range of lovely walks. 

For a wider range of amenities, Morpeth is only a short drive away and houses larger supermarkets, leisure facilities, a wider range of shops, cafes and restaurants, as well as the beautiful Carlisle Park which offers river walks, rowing boats, a play park, bowling greens and tennis courts.

The property itself briefly comprises of an entrance porch, living room, dining room and spacious kitchen, to the first floor are two double bedrooms and a family bathroom. Externally, the property offers a driveway, front garden area laid with gravel, to the rear of the property is an enclosed garden, laid mostly with lawn and a decking area, perfect for al fresco dining.

We envisage a high level of interest on this lovely home, to avoid disappointment, please contact the Morpeth office to book a viewing.

Council Tax Band: A

Tenure: Freehold

## Property Photos

- ![Photo](/listings/photos/161910698/697277)
- ![Photo](/listings/photos/161910698/697280)
- ![Photo](/listings/photos/161910698/697282)
- ![Photo](/listings/photos/161910698/697283)
- ![Photo](/listings/photos/161910698/697284)
- ![Photo](/listings/photos/161910698/697286)
- ![Photo](/listings/photos/161910698/697289)
- ![Photo](/listings/photos/161910698/697291)
- ![Photo](/listings/photos/161910698/697292)
- ![Photo](/listings/photos/161910698/697293)
- ![Photo](/listings/photos/161910698/697295)

## Floorplans

- ![Floor Plan](/listings/photos/161910698/697297) - Floor Plan

## EPC Graphs

- ![EPC](/listings/photos/161910698/697299) - EPC

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #8463194
- **Address:** 31 Castle Way, Pegswood, NE61 6XH
- **Certificate Issued:** 24/10/2011
- **Work Completed:** 12/10/2010
- **Items:** 6 window(s), 2 door(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 31 CASTLE WAY, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XH | £145,000 | 14/11/2025 | Semi-detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 52 BEAUMONT COURT, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6BF | £240,000 | 18/12/2025 | Semi-detached |
| 12 CALLALY CLOSE, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XL | £173,000 | 12/05/2025 | Semi-detached |
| 70 BEAUMONT COURT, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6BF | £165,000 | 10/11/2023 | Semi-detached |
| 21 BAMBURGH DRIVE, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6TT | £140,000 | 21/07/2023 | Semi-detached |
| [Same street] 48 CASTLE WAY, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XH | £167,500 | 07/07/2023 | Semi-detached |
| 15 CALLALY CLOSE, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XL | £56,000 | 28/06/2023 | Semi-detached |
| 32 CHARLES STREET, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6UN | £125,000 | 28/04/2023 | Semi-detached |
| [Same street] 36 CASTLE WAY, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XH | £151,000 | 17/11/2022 | Semi-detached |
| LAUREL HOUSE LONGHIRST ROAD, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XF | £215,000 | 28/10/2022 | Semi-detached |
| 64 BEAUMONT COURT, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6BF | £180,000 | 02/08/2022 | Semi-detached |
| 28 EDWARD STREET, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6UH | £105,000 | 29/07/2022 | Semi-detached |
| [Same street] 58 CASTLE WAY, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XH | £101,000 | 27/07/2022 | Terraced |
| [Same street] 43 CASTLE WAY, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XH | £145,000 | 06/05/2022 | Semi-detached |
| 39 BEAUMONT COURT, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6BF | £170,000 | 04/04/2022 | Semi-detached |
| 16 BEAUMONT COURT, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6BF | £215,000 | 18/03/2022 | Semi-detached |
| 13 EDWARD STREET, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6UH | £115,000 | 09/03/2022 | Semi-detached |
| 1 WARKWORTH DRIVE, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6TD | £146,000 | 28/01/2022 | Semi-detached |
| [Same street] 21 CASTLE WAY, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XH | £80,000 | 18/11/2021 | Terraced |
| 8 CALLALY CLOSE, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6XL | £95,000 | 30/09/2021 | Semi-detached |
| 1 BAMBURGH DRIVE, PEGSWOOD, MORPETH, NORTHUMBERLAND, NE61 6TT | £122,000 | 25/06/2021 | Semi-detached |

**Street average:** £128,900 (5 sales)
**Area average:** £150,800 (15 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £202,045 (38 Semi-detached, NE61, 2024–2026)
- **Deviation:** -28.2%

## Rental Range

*ONS Price Index of Private Rents (Northumberland). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £604/mo
- **Realistic:** £671/mo
- **Optimistic:** £738/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Northumberland (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £424/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, Longhirst Village, NE61 | £1,150/mo | 2 | 1.19 miles | OpenRent |

**Average rent: £1,150/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.79% (weak for cashflow)
- **Max investor price (0.8%):** £143,750
- **Target investor price (1%):** £115,000

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,150/mo).*

- **Gross yield:** 9.5%
- **Cost-to-rent:** 10.5×
- **Monthly cashflow:** £439/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 12.5%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 29.8%
- **10y growth:** 0.9%

## House Price Index (HM Land Registry)

*Official index for Northumberland; Semi-detached series; as of March 2026.*

- **1y growth (index):** 2.3%
- **5y growth (index):** 23.9%
- **10y growth (index):** 45.7%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)