According to the public record, 17, Palmerston Avenue, Morpeth is a modern freehold house with 1,959 ft2 of internal area and sits on a 770 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Palmerston Avenue, St. Georges Wood, Morpeth, NE61 is located within the NE61 postal district.
17, Palmerston Avenue, Morpeth has a single entry in the Land Registry database from August 2020 and a single entry in the EPC database dated January 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 good condition, we estimate the current sale value for 17 Palmerston Avenue Morpeth as £481,357 and the rental value as £1,535 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 17 Palmerston Avenue Morpeth has decreased by £9,498 (2.0%) and its rental value has increased by £70 per month (4.6%).
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, Palmerston Avenue, Morpeth is in very good condition we estimate a sale value of £505,425 and rental value of £1,612 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £447,662 and a rental value of £1,428 per month.
If you were able to purchase this property for the estimated value of £481,357, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,366 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, Palmerston Avenue, Morpeth sits on a plot of 770m2.
We have plot size data on 25 out of 41 other houses in the postcode and 17, Palmerston Avenue, Morpeth sits on the largest plot.
According to HM Land Registry, 17, Palmerston Avenue, Morpeth was last sold on 27 Aug 2020 for £464,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2020, the market for similar properties has risen 9.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 17, Palmerston Avenue, Morpeth within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 30, Palmerston Avenue, Morpeth, NE61 2GF, a Freehold house which sold for £580,000 in Mar 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Palmerston Avenue, St. Georges Wood, Morpeth, NE61 has a total of 41 addresses. According to our analysis of all the public data, 17, Palmerston Avenue, Morpeth is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £222k more expensive than the average property in NE61.
17, Palmerston Avenue, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 21 Jan 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 17, Palmerston Avenue, Morpeth is Morpeth station which is 1.3 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, Palmerston Avenue, 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 17, Palmerston Avenue, 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 17, Palmerston Avenue, 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 17, Palmerston Avenue, 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 17, Palmerston Avenue, 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.