According to the public record, 2, Butchers Lonnen, Morpeth is a modern freehold house and with 775 ft2 of internal area and sits on a 92.4 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Butchers Lonnen, Morpeth, NE61 is located within the NE61 postal district.
2, Butchers Lonnen, Morpeth has 2 entries in the Land Registry database, most recently in October 2017 and no records in the EPC database.
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 Butchers Lonnen Morpeth as £192,789 and the rental value as £1,055 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 2 Butchers Lonnen Morpeth has increased by £1,045 (0.5%) and its rental value has increased by £77 per month (7.3%).
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, Butchers Lonnen, Morpeth is in very good condition we estimate a sale value of £202,429 and rental value of £1,108 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £179,294 and a rental value of £981 per month.
If you were able to purchase this property for the estimated value of £192,789, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £947 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, Butchers Lonnen, Morpeth sits on a plot of 92m2.
We have plot size data on 2 out of 3 other houses in the postcode and 2, Butchers Lonnen, Morpeth sits on the 2nd largest plot.
According to HM Land Registry, 2, Butchers Lonnen, Morpeth was last sold on 03 Oct 2017 for £145,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2017, the market for similar properties has risen 24.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Butchers Lonnen, Morpeth within a radius of 38m over the last 2 years.
The most recent example is 3, Copper Chare, Morpeth, NE61 1BS, a Freehold house which sold for £140,000 in Jun 2021.
Read more about house prices in NE61.
Butchers Lonnen, Morpeth, NE61 has a total of 3 addresses. According to our analysis of all the public data, 2, Butchers Lonnen, Morpeth is the largest and the most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in NE61.
2, Butchers Lonnen, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 23 Mar 2016.
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, Butchers Lonnen, Morpeth is Morpeth station which is 1.0 km 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, Butchers Lonnen, Morpeth, 35.9% of property is privately owned outright and 34.5% is privately 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, Butchers Lonnen, Morpeth, 12.5% of residents are recorded as possessing school level qualifications and 42.8% 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, Butchers Lonnen, 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, Butchers Lonnen, Morpeth, 1.5% 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, Butchers Lonnen, 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.