According to the public record, 17, Oakland Terrace, Morpeth is a early-century freehold house with 796 ft2 of internal area and sits on a 275 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Oakland Terrace, Lynemouth, Morpeth, NE61 is located within the NE61 postal district.
17, Oakland Terrace, Morpeth has a single entry in the Land Registry database from June 2021 and a single entry in the EPC database dated March 2021.
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 17 Oakland Terrace Morpeth as £62,460 and the rental value as £378 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 17 Oakland Terrace Morpeth has increased by £1,487 (2.4%) and its rental value has increased by £38 per month (10.1%).
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 17, Oakland Terrace, Morpeth is in very good condition we estimate a sale value of £65,583 and rental value of £397 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £58,088 and a rental value of £351 per month.
If you were able to purchase this property for the estimated value of £62,460, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £307 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, 17, Oakland Terrace, Morpeth sits on a plot of 275m2.
We have plot size data on 15 out of 24 other houses in the postcode and 17, Oakland Terrace, Morpeth sits on the 6th largest plot.
According to HM Land Registry, 17, Oakland Terrace, Morpeth was last sold on 04 Jun 2021 for £64,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has risen 11.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Oakland Terrace, Morpeth within a radius of 2.1 kilometres over the last 2 years.
The most recent example is 2, Oakland Terrace, Morpeth, NE61 5YG, a Freehold house which sold for £62,000 in May 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oakland Terrace, Lynemouth, Morpeth, NE61 has a total of 24 addresses. According to our analysis of all the public data, 17, Oakland Terrace, Morpeth is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £196k less expensive than the average property in NE61.
17, Oakland Terrace, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Mar 2021.
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 17, Oakland Terrace, Morpeth is Ashington station which is 3.9 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 17, Oakland Terrace, Morpeth, 29.1% of property is privately owned outright and 29.1% is socially rented.
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 17, Oakland Terrace, Morpeth, 16.7% of residents are recorded as possessing school level qualifications and 14.5% 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 17, Oakland Terrace, Morpeth, the average age was 45 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 17, Oakland Terrace, Morpeth, 0.0% 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 17, Oakland Terrace, Morpeth, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.