According to the public record, 2, The Terrace, Morpeth is a period freehold house with 1,582 ft2 of internal area and sits on a 1,001 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
The Terrace, Whalton, Morpeth, NE61 is located within the NE61 postal district.
2, The Terrace, Morpeth has a single entry in the Land Registry database from July 2020 and a single entry in the EPC database dated April 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 The Terrace Morpeth as £525,936 and the rental value as £1,268 per month giving an expected gross yield of 2.9%.
Over the last 12 months the sale value of 2 The Terrace Morpeth has decreased by £5,153 (1.0%) and its rental value has increased by £73 per month (5.8%).
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, The Terrace, Morpeth is in very good condition we estimate a sale value of £552,233 and rental value of £1,332 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £489,120 and a rental value of £1,179 per month.
If you were able to purchase this property for the estimated value of £525,936, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,585 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, The Terrace, Morpeth sits on a plot of 1001m2.
We have plot size data on 3 out of 3 other houses in the postcode and 2, The Terrace, Morpeth sits on the 2nd largest plot.
According to HM Land Registry, 2, The Terrace, Morpeth was last sold on 31 Jul 2020 for £420,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jul 2020, the market for similar properties has risen 14.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, The Terrace, Morpeth within a radius of 7.1 kilometres over the last 2 years.
The most recent example is 2 Manor House Dairy, Morpeth, NE61 3UW, a Freehold house which sold for £390,000 in Jul 2019.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Terrace, Whalton, Morpeth, NE61 has a total of 3 addresses. According to our analysis of all the public data, 2, The Terrace, Morpeth is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £267k more expensive than the average property in NE61.
2, The Terrace, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 27 Apr 2016.
The property is not connected to mains gas and has single glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 2, The Terrace, Morpeth is Morpeth station which is 8.2 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, The Terrace, Morpeth, 46.0% of property is privately owned outright and 31.3% 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, The Terrace, Morpeth, 15.1% of residents are recorded as possessing school level qualifications and 48.6% 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, The Terrace, Morpeth, the average age was 44.7 and the most common age was 57.
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, The Terrace, Morpeth, 2.6% 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, The Terrace, Morpeth, there are an average of 1.9 cars per household.
See below for how this compares to North East and the rest of England & Wales.