According to the public record, 2, Aspen Way, Morpeth is a modern freehold house with 947 ft2 of internal area and sits on a 184 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Aspen Way, Morpeth, NE61 is located within the NE61 postal district.
2, Aspen Way, Morpeth has a single entry in the Land Registry database from November 2017 and a single entry in the EPC database dated September 2017.
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 Aspen Way Morpeth as £317,817 and the rental value as £1,181 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 2 Aspen Way Morpeth has increased by £593 (0.2%) and its rental value has increased by £80 per month (6.8%).
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, Aspen Way, Morpeth is in very good condition we estimate a sale value of £333,708 and rental value of £1,240 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £295,570 and a rental value of £1,099 per month.
If you were able to purchase this property for the estimated value of £317,817, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,562 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, Aspen Way, Morpeth sits on a plot of 184m2.
We have plot size data on 19 out of 19 other houses in the postcode and 2, Aspen Way, Morpeth sits on the 19th largest plot.
According to HM Land Registry, 2, Aspen Way, Morpeth was last sold on 10 Nov 2017 for £235,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2017, the market for similar properties has risen 24.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Aspen Way, Morpeth within a radius of 2.1 kilometres over the last 2 years.
The most recent example is 5, Aspen Way, Morpeth, NE61 3BF, a Freehold house which sold for £251,995 in Dec 2021.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Aspen Way, Morpeth, NE61 has a total of 19 addresses. According to our analysis of all the public data, 2, Aspen Way, Morpeth is the 15th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £59k more expensive than the average property in NE61.
2, Aspen Way, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Sep 2017.
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 2, Aspen Way, Morpeth is Morpeth station which is 3.1 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 2, Aspen Way, Morpeth, 29.4% of property is privately owned outright and 28.8% 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, Aspen Way, Morpeth, 13.5% of residents are recorded as possessing school level qualifications and 34.4% 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, Aspen Way, Morpeth, the average age was 44.7 and the most common age was 57.
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, Aspen Way, Morpeth, 0.9% 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, Aspen Way, Morpeth, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.