According to the public record, 2, South Terrace, Morpeth is a period freehold house with 1,119 ft2 of internal area and sits on a 134 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
South Terrace, Morpeth, NE61 is located within the NE61 postal district.
2, South Terrace, Morpeth has 31 entries in the Land Registry database, most recently in June 2018 and a single entry in the EPC database dated December 2016.
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 South Terrace Morpeth as £301,822 and the rental value as £1,179 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 2 South Terrace Morpeth has decreased by £2,927 (1.0%) and its rental value has increased by £67 per month (5.7%).
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, South Terrace, Morpeth is in very good condition we estimate a sale value of £316,913 and rental value of £1,238 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £280,694 and a rental value of £1,097 per month.
If you were able to purchase this property for the estimated value of £301,822, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,483 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, South Terrace, Morpeth sits on a plot of 134m2.
We have plot size data on 6 out of 9 other houses in the postcode and 2, South Terrace, Morpeth sits on the 6th largest plot.
According to HM Land Registry, 2, South Terrace, Morpeth was last sold on 08 Jun 2018 for £202,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2018, the market for similar properties has risen 21.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, South Terrace, Morpeth within a radius of 740 metres over the last 2 years.
The most recent example is 8, Northbourne Avenue, Morpeth, NE61 1JG, a Freehold house which sold for £295,000 in Mar 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Terrace, Morpeth, NE61 has a total of 9 addresses. According to our analysis of all the public data, 2, South Terrace, Morpeth is the 9th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £43k more expensive than the average property in NE61.
2, South Terrace, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Dec 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, South Terrace, Morpeth is Morpeth station which is 1.1 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, South Terrace, Morpeth, 67.3% of property is privately owned outright and 22.0% is privately owned with a mortgage.
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, South Terrace, Morpeth, 14.3% of residents are recorded as possessing school level qualifications and 54.0% 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, South Terrace, Morpeth, the average age was 45.1 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, South Terrace, Morpeth, 1.4% 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, South Terrace, Morpeth, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.