According to the public record, 12, Olympia Hill, Morpeth is a period freehold house with 1,270 ft2 of internal area and sits on a 135 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Olympia Hill, Morpeth, NE61 is located within the NE61 postal district.
12, Olympia Hill, Morpeth has 31 entries in the Land Registry database, most recently in September 2020 and a single entry in the EPC database dated July 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 12 Olympia Hill Morpeth as £335,789 and the rental value as £1,230 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 12 Olympia Hill Morpeth has decreased by £6,401 (1.9%) and its rental value has increased by £57 per month (4.7%).
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 12, Olympia Hill, Morpeth is in very good condition we estimate a sale value of £352,578 and rental value of £1,292 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £312,284 and a rental value of £1,144 per month.
If you were able to purchase this property for the estimated value of £335,789, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,650 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 12, Olympia Hill, Morpeth sits on a plot of 135m2.
We have plot size data on 15 out of 28 other houses in the postcode and 12, Olympia Hill, Morpeth sits on the 13th largest plot.
According to HM Land Registry, 12, Olympia Hill, Morpeth was last sold on 21 Sep 2020 for £270,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2020, the market for similar properties has risen 9.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 12, Olympia Hill, Morpeth within a radius of 760 metres over the last 2 years.
The most recent example is 1, Olympia Hill, Morpeth, NE61 1JH, a Freehold house which sold for £338,000 in Jan 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Olympia Hill, Morpeth, NE61 has a total of 28 addresses. According to our analysis of all the public data, 12, Olympia Hill, Morpeth is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £77k more expensive than the average property in NE61.
12, Olympia Hill, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jul 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 12, Olympia Hill, Morpeth is Morpeth station which is 1.1 kilometres 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 12, Olympia Hill, Morpeth, 46.3% of property is privately owned with a mortgage and 35.8% is privately owned outright.
The graph below shows how this compares to Greater London 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 12, Olympia Hill, Morpeth, 18.6% of residents are recorded as possessing school level qualifications and 55.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 12, Olympia Hill, Morpeth, the average age was 45.1 and the most common age was 62.
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 12, Olympia Hill, Morpeth, 0.8% 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 12, Olympia Hill, Morpeth, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.