According to the public record, 2 Cartington View, Morpeth is a Leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 947 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Thropton, Morpeth, NE65.
Thropton, Morpeth, NE65 is located within the NE65 postal district.
2 Cartington View, Morpeth has 2 entries in the Land Registry database, most recently in September 2024 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 Cartington View Morpeth as £168,242 and the rental value as £1,084 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 2 Cartington View Morpeth has decreased by £484 (0.3%) and its rental value has increased by £62 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 Cartington View, Morpeth is in very good condition we estimate a sale value of £176,654 and rental value of £1,139 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £156,465 and a rental value of £1,008 per month.
If you were able to purchase this property for the estimated value of £168,242, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £827 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 Cartington View, Morpeth was last sold on 07 Oct 2022 for £200,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Cartington View, Morpeth within a radius of 6.8 kilometres over the last 2 years.
The most recent example is 8, Mart Field, Morpeth, NE65 7NR, a Leasehold flat which sold for £115,000 in Sep 2022.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Thropton, Morpeth, NE65 has a total of 206 addresses. According to our analysis of all the public data, 2 Cartington View, Morpeth is the 143rd largest and the 185th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in NE65.
The closest station to 2 Cartington View, Morpeth is Acklington station which is 19.2 kilometres away.