According to the public record, 3, Chantry Mews, Morpeth is a modern leasehold apartment with 796 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Chantry Mews, Morpeth, NE61 is located within the NE61 postal district.
3, Chantry Mews, Morpeth has 31 entries in the Land Registry database, most recently in November 2020 and a single entry in the EPC database dated August 2020.
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 3 Chantry Mews Morpeth as £184,585 and the rental value as £1,091 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 3 Chantry Mews Morpeth has increased by £408 (0.2%) and its rental value has increased by £76 per month (6.9%).
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, Chantry Mews, Morpeth is in very good condition we estimate a sale value of £193,814 and rental value of £1,145 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £171,664 and a rental value of £1,014 per month.
If you were able to purchase this property for the estimated value of £184,585, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £907 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, Chantry Mews, Morpeth was last sold on 20 Nov 2020 for £172,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Nov 2020, the market for similar properties has risen 7.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Chantry Mews, Morpeth within a radius of 630 metres over the last 2 years.
The most recent example is 14, Admiral Collingwood Court, Morpeth, NE61 1SQ, a Leasehold flat which sold for £170,000 in Aug 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chantry Mews, Morpeth, NE61 has a total of 21 addresses. According to our analysis of all the public data, 3, Chantry Mews, Morpeth is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £74k less expensive than the average property in NE61.
3, Chantry Mews, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 26 Aug 2020.
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, Chantry Mews, Morpeth is Morpeth station which is 600 metres 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, Chantry Mews, Morpeth, 51.6% of property is privately owned outright and 25.8% is privately rented.
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, Chantry Mews, Morpeth, 7.1% of residents are recorded as possessing school level qualifications and 38.8% 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, Chantry Mews, Morpeth, the average age was 48.3 and the most common age was 62.
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, Chantry Mews, Morpeth, 2.0% 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, Chantry Mews, Morpeth, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.