According to the public record, 2 Old Barns Close, Morpeth is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 527 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 2, Warkworth, Morpeth, NE65.
Warkworth, Morpeth, NE65 is located within the NE65 postal district.
2 Old Barns Close, Morpeth has 6 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 Old Barns Close Morpeth as £158,911 and the rental value as £1,087 per month giving an expected gross yield of 8.2%.
Over the last 12 months the sale value of 2 Old Barns Close Morpeth has decreased by £245 (0.2%) and its rental value has increased by £57 per month (5.2%).
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 Old Barns Close, Morpeth is in very good condition we estimate a sale value of £166,856 and rental value of £1,141 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £147,787 and a rental value of £1,011 per month.
If you were able to purchase this property for the estimated value of £158,911, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £781 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 Old Barns Close, Morpeth was last sold on 26 May 2023 for £465,000 and was recorded as a leasehold flat.
The property has had 6 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 3.5 kilometres radius of 2 Old Barns Close, Morpeth over the last 2 years.
The most recent example is 2 Old Barns Farm Cottages, Morpeth, NE65 0TH, a Freehold house which sold for £465,000 in May 2023.
Read more about house prices in NE65.
Warkworth, Morpeth, NE65 has a total of 85 addresses. According to our analysis of all the public data, 2 Old Barns Close, Morpeth is the 81st largest and the 81st most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in NE65.
The closest station to 2 Old Barns Close, Morpeth is Acklington station which is 4.2 kilometres away.