According to the public record, 2, Lime Street, Morpeth is a period Leasehold apartment with 565 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Lime Street, Amble, Morpeth, NE65 is located within the NE65 postal district.
2, Lime Street, Morpeth has 21 entries in the Land Registry database, most recently in November 2010 and a single entry in the EPC database dated June 2010.
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 Lime Street Morpeth as £125,972 and the rental value as £942 per month giving an expected gross yield of 9%.
Over the last 12 months the sale value of 2 Lime Street Morpeth has increased by £208 (0.2%) and its rental value has increased by £53 per month (5.6%).
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, Lime Street, Morpeth is in very good condition we estimate a sale value of £132,271 and rental value of £989 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £117,154 and a rental value of £876 per month.
If you were able to purchase this property for the estimated value of £125,972, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £619 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, Lime Street, Morpeth was last sold on 08 Nov 2010 for £95,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2010, the market for similar properties has risen 32.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Lime Street, Morpeth within a radius of 750 metres over the last 2 years.
The most recent example is Flat, 28, Queen Street, Morpeth, NE65 0BZ, a Leasehold flat which sold for £30,000 in Mar 2023.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lime Street, Amble, Morpeth, NE65 has a total of 3 addresses. According to our analysis of all the public data, 2, Lime Street, Morpeth is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in NE65.
2, Lime Street, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jun 2010.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 2, Lime Street, Morpeth is Acklington station which is 5.5 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, Lime Street, Morpeth, 38.5% of property is privately owned outright and 27.9% 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, Lime Street, Morpeth, 6.8% of residents are recorded as possessing school level qualifications and 27.5% 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, Lime Street, Morpeth, the average age was 48 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, Lime Street, 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, Lime Street, 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.