According to the public record, 2, Newminster Terrace, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,333 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Newminster Terrace, Morpeth, NE61 is located within the NE61 postal district.
2, Newminster Terrace, Morpeth has 21 entries in the Land Registry database, most recently in July 2015 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 2 Newminster Terrace Morpeth as £282,299 and the rental value as £1,207 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 2 Newminster Terrace Morpeth has decreased by £4,426 (1.6%) and its rental value has increased by £61 per month (5.0%).
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, Newminster Terrace, Morpeth is in very good condition we estimate a sale value of £296,414 and rental value of £1,268 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £262,538 and a rental value of £1,123 per month.
If you were able to purchase this property for the estimated value of £282,299, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,387 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, Newminster Terrace, Morpeth was last sold on 15 Jul 2015 for £243,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2015, the market for similar properties has risen 28.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Newminster Terrace, Morpeth within a radius of 740 metres over the last 2 years.
The most recent example is 6, St. Marks Street, Morpeth, NE61 1QY, a Freehold house which sold for £240,000 in Nov 2022.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newminster Terrace, Morpeth, NE61 has a total of 3 addresses. According to our analysis of all the public data, 2, Newminster Terrace, Morpeth is the largest and the most expensive property on the street.
When compared to the postcode district it is £23k more expensive than the average property in NE61.
The closest station to 2, Newminster Terrace, Morpeth is Morpeth station which is 1.2 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, Newminster Terrace, Morpeth, 34.1% of property is privately owned outright and 33.3% 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, Newminster Terrace, Morpeth, 14.4% of residents are recorded as possessing school level qualifications and 27.8% 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, Newminster Terrace, 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, Newminster Terrace, Morpeth, 0.0% 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, Newminster Terrace, Morpeth, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.