According to the public record, 3, Eighth Avenue, Morpeth is a mid-century house with 672 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Eighth Avenue, Morpeth, NE61 is located within the NE61 postal district.
3, Eighth Avenue, Morpeth has no records in the Land Registry database and a single entry in the EPC database dated May 2009.
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 Eighth Avenue Morpeth as £110,296 and the rental value as £692 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 3 Eighth Avenue Morpeth has increased by £2,376 (2.2%) and its rental value has increased by £62 per month (9.0%).
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, Eighth Avenue, Morpeth is in very good condition we estimate a sale value of £115,811 and rental value of £727 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £102,576 and a rental value of £644 per month.
If you were able to purchase this property for the estimated value of £110,296, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £542 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Eighth Avenue, Morpeth within a radius of 620 metres over the last 2 years.
The most recent example is 15, Third Avenue, Morpeth, NE61 2HZ, a Freehold house which sold for £105,000 in Oct 2021.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Eighth Avenue, Morpeth, NE61 has a total of 8 addresses. According to our analysis of all the public data, 3, Eighth Avenue, Morpeth is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £149k less expensive than the average property in NE61.
3, Eighth Avenue, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 11 May 2009.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 3, Eighth Avenue, 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, Eighth Avenue, Morpeth, 52.0% of property is socially rented and 18.9% is privately owned outright.
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, Eighth Avenue, Morpeth, 24.0% of residents are recorded as possessing school level qualifications and 17.2% 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, Eighth Avenue, 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, Eighth Avenue, Morpeth, 0.0% 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, Eighth Avenue, 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.