According to the public record, 37, Olympia Gardens, Morpeth is a period leasehold apartment and with 742 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
Olympia Gardens, Morpeth, NE61 is located within the NE61 postal district.
37, Olympia Gardens, Morpeth has 31 entries in the Land Registry database, most recently in January 2024 and no records in the EPC database.
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 37 Olympia Gardens Morpeth as £148,095 and the rental value as £994 per month giving an expected gross yield of 8.1%.
Over the last 12 months the sale value of 37 Olympia Gardens Morpeth has increased by £628 (0.4%) and its rental value has increased by £71 per month (7.1%).
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 37, Olympia Gardens, Morpeth is in very good condition we estimate a sale value of £155,500 and rental value of £1,044 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £137,729 and a rental value of £924 per month.
If you were able to purchase this property for the estimated value of £148,095, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £728 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, 37, Olympia Gardens, Morpeth was last sold on 30 Jan 2024 for £143,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2024, the market for similar properties has risen 4.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 37, Olympia Gardens, Morpeth within a radius of 56m over the last 2 years.
The most recent example is 5, Olympia Gardens, Morpeth, NE61 1JQ, a Leasehold flat which sold for £150,000 in Jul 2023.
Read more about house prices in NE61.
Olympia Gardens, Morpeth, NE61 has a total of 49 addresses. According to our analysis of all the public data, 37, Olympia Gardens, Morpeth is the 37th largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in NE61.
37, Olympia Gardens, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 04 Aug 2019.
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 37, Olympia Gardens, Morpeth is Morpeth station which is 1.0 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 37, Olympia Gardens, Morpeth, 48.4% of property is privately owned outright and 25.0% 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 37, Olympia Gardens, Morpeth, 15.6% of residents are recorded as possessing school level qualifications and 54.4% 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 37, Olympia Gardens, Morpeth, the average age was 45.1 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 37, Olympia Gardens, Morpeth, 1.5% 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 37, Olympia Gardens, Morpeth, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.