According to the public record, 3 Alwinton Farm Cottage, 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 3, Alwinton, Morpeth, NE65.
Alwinton, Morpeth, NE65 is located within the NE65 postal district.
3 Alwinton Farm Cottage, 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 3 Alwinton Farm Cottage Morpeth as £114,186 and the rental value as £847 per month giving an expected gross yield of 8.9%.
Over the last 12 months the sale value of 3 Alwinton Farm Cottage Morpeth has decreased by £136 (0.1%) and its rental value has increased by £48 per month (5.6%).
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 Alwinton Farm Cottage, Morpeth is in very good condition we estimate a sale value of £119,896 and rental value of £890 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £106,193 and a rental value of £788 per month.
If you were able to purchase this property for the estimated value of £114,186, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £561 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, 3 Alwinton Farm Cottage, Morpeth was last sold on 15 Dec 2022 for £150,000 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 property sales within a 14.5 kilometres radius of 3 Alwinton Farm Cottage, Morpeth over the last 2 years.
The most recent example is 3 Gallow Law, Morpeth, NE65 7BQ, a Freehold house which sold for £150,000 in Dec 2022.
Read more about house prices in NE65.
Alwinton, Morpeth, NE65 has a total of 25 addresses. According to our analysis of all the public data, 3 Alwinton Farm Cottage, Morpeth is the 19th largest and the 25th most expensive property on the street.
When compared to the postcode district it is £161k less expensive than the average property in NE65.
The closest station to 3 Alwinton Farm Cottage, Morpeth is Acklington station which is 30.4 kilometres away.