According to the public record, 18, Phoenix Court, Morpeth is a modern apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Phoenix Court, Morpeth, NE61 is located within the NE61 postal district.
18, Phoenix Court, Morpeth has no records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 18 Phoenix Court Morpeth as £113,907 and the rental value as £817 per month giving an expected gross yield of 8.6%.
Over the last 12 months the sale value of 18 Phoenix Court Morpeth has increased by £252 (0.2%) and its rental value has increased by £57 per month (6.9%).
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 18, Phoenix Court, Morpeth is in very good condition we estimate a sale value of £119,602 and rental value of £858 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £105,933 and a rental value of £760 per month.
If you were able to purchase this property for the estimated value of £113,907, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £560 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Phoenix Court, Morpeth within a radius of 31m over the last 2 years.
The most recent example is 3, Phoenix Court, Morpeth, NE61 1LN, a Leasehold flat which sold for £112,500 in Dec 2021.
Read more about house prices in NE61.
Phoenix Court, Morpeth, NE61 has a total of 33 addresses. According to our analysis of all the public data, 18, Phoenix Court, Morpeth is the 28th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in NE61.
18, Phoenix Court, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 21 Sep 2015.
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 18, Phoenix Court, Morpeth is Morpeth station which is 600 m 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 18, Phoenix Court, Morpeth, 46.6% of property is socially rented and 24.4% 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 18, Phoenix Court, Morpeth, 10.2% of residents are recorded as possessing school level qualifications and 25.0% 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 18, Phoenix Court, Morpeth, the average age was 48.3 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 18, Phoenix Court, Morpeth, 1.1% 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 18, Phoenix Court, Morpeth, there are an average of 0.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.