According to the public record, 2, Ash Banks, Morpeth is a mid-century freehold house with 1,722 ft2 of internal area and sits on a 574 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Ash Banks, Morpeth, NE61 is located within the NE61 postal district.
2, Ash Banks, Morpeth has a single entry in the Land Registry database from June 2023 and a single entry in the EPC database dated October 2022.
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 2 Ash Banks Morpeth as £383,012 and the rental value as £1,328 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of 2 Ash Banks Morpeth has decreased by £7,135 (1.9%) and its rental value has increased by £62 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 2, Ash Banks, Morpeth is in very good condition we estimate a sale value of £402,162 and rental value of £1,395 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £356,201 and a rental value of £1,235 per month.
If you were able to purchase this property for the estimated value of £383,012, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,882 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, 2, Ash Banks, Morpeth sits on a plot of 574m2.
We have plot size data on 2 out of 5 other houses in the postcode and 2, Ash Banks, Morpeth sits on the 2nd largest plot.
According to HM Land Registry, 2, Ash Banks, Morpeth was last sold on 16 Jun 2023 for £367,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2023, the market for similar properties has dropped 1.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Ash Banks, Morpeth within a radius of 630 metres over the last 2 years.
The most recent example is 2, Hillside, Morpeth, NE61 2SU, a Freehold house which sold for £470,000 in Feb 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Ash Banks, Morpeth, NE61 has a total of 5 addresses. According to our analysis of all the public data, 2, Ash Banks, Morpeth is the largest and the most expensive property on the street.
When compared to the postcode district it is £124k more expensive than the average property in NE61.
2, Ash Banks, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Oct 2022.
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 2, Ash Banks, Morpeth is Morpeth station which is 100 metres 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 2, Ash Banks, Morpeth, 46.0% of property is privately owned outright and 25.8% 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 2, Ash Banks, Morpeth, 10.0% of residents are recorded as possessing school level qualifications and 47.4% 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 2, Ash Banks, 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 2, Ash Banks, Morpeth, 2.9% 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 2, Ash Banks, Morpeth, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.