According to the public record, 2 Pethgate Court, Castle Square, Morpeth is a period leasehold apartment with 1,001 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms with a garden.
Castle Square, Morpeth, NE61 is located within the NE61 postal district.
2 Pethgate Court, Castle Square, Morpeth has a single entry in the Land Registry database from March 2018 and a single entry in the EPC database dated December 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 Pethgate Court Castle Square Morpeth as £266,298 and the rental value as £1,401 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 2 Pethgate Court Castle Square Morpeth has increased by £1,126 (0.4%) and its rental value has increased by £100 per month (7.1%).
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 Pethgate Court, Castle Square, Morpeth is in very good condition we estimate a sale value of £279,613 and rental value of £1,471 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £247,657 and a rental value of £1,303 per month.
If you were able to purchase this property for the estimated value of £266,298, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,309 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 HM Land Registry, 2 Pethgate Court, Castle Square, Morpeth was last sold on 29 Mar 2018 for £150,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Mar 2018, the market for similar properties has risen 15.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Pethgate Court, Castle Square, Morpeth within a radius of 630 metres over the last 2 years.
The most recent example is 3 Pethgate Court, Castle Square, Morpeth, NE61 1YL, a Leasehold flat which sold for £285,000 in Mar 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castle Square, Morpeth, NE61 has a total of 9 addresses. According to our analysis of all the public data, 2 Pethgate Court, Castle Square, Morpeth is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £7k more expensive than the average property in NE61.
2 Pethgate Court, Castle Square, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Dec 2017.
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 Pethgate Court, Castle Square, Morpeth is Morpeth station which is 400 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 Pethgate Court, Castle Square, Morpeth, 51.6% of property is privately owned outright and 25.8% 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 Pethgate Court, Castle Square, Morpeth, 7.1% of residents are recorded as possessing school level qualifications and 38.8% 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 Pethgate Court, Castle Square, 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 Pethgate Court, Castle Square, Morpeth, 2.0% 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 Pethgate Court, Castle Square, Morpeth, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.