According to the public record, 3, Abbey Gate, Morpeth is a mid-century house with 847 ft2 of internal area and sits on a 321 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Abbey Gate, Morpeth, NE61 is located within the NE61 postal district.
3, Abbey Gate, Morpeth has no recent1 records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 3 Abbey Gate Morpeth as £263,071 and the rental value as £1,140 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 3 Abbey Gate Morpeth has decreased by £1,752 (0.7%) and its rental value has increased by £69 per month (6.0%).
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 3, Abbey Gate, Morpeth is in very good condition we estimate a sale value of £276,224 and rental value of £1,197 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £244,656 and a rental value of £1,060 per month.
If you were able to purchase this property for the estimated value of £263,071, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,293 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, 3, Abbey Gate, Morpeth sits on a plot of 321m2.
We have plot size data on 5 out of 8 other houses in the postcode and 3, Abbey Gate, Morpeth sits on the 3rd largest plot.
According to HM Land Registry, 3, Abbey Gate, Morpeth was last sold on 18 Jul 2003 for £160,000 and was recorded as a freehold house.
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 3, Abbey Gate, Morpeth within a radius of 168m over the last 2 years.
The most recent example is 102, Abbey Meadows, Morpeth, NE61 2XZ, a Freehold house which sold for £265,000 in Apr 2024.
Read more about house prices in NE61.
Abbey Gate, Morpeth, NE61 has a total of 34 addresses. According to our analysis of all the public data, 3, Abbey Gate, Morpeth is the 23rd largest and the 26th most expensive property on the street.
When compared to the postcode district it is £4k more expensive than the average property in NE61.
3, Abbey Gate, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Mar 2010.
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 3, Abbey Gate, Morpeth is Morpeth station which is 1.6 km 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 3, Abbey Gate, Morpeth, 65.6% of property is privately owned outright and 27.7% 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 3, Abbey Gate, Morpeth, 14.2% of residents are recorded as possessing school level qualifications and 50.2% 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 3, Abbey Gate, Morpeth, the average age was 47.5 and the most common age was 72.
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 3, Abbey Gate, Morpeth, 1.9% 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 3, Abbey Gate, Morpeth, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.