According to the public record, 4, Allery Banks, Morpeth is a period freehold house and with 721 ft2 of internal area and sits on a 134 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Allery Banks, Morpeth, NE61 is located within the NE61 postal district.
4, Allery Banks, Morpeth has 41 entries in the Land Registry database, most recently in November 2020 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 4 Allery Banks Morpeth as £171,320 and the rental value as £1,003 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 4 Allery Banks Morpeth has increased by £2,725 (1.6%) and its rental value has increased by £84 per month (8.4%).
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 4, Allery Banks, Morpeth is in very good condition we estimate a sale value of £179,886 and rental value of £1,053 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £159,327 and a rental value of £933 per month.
If you were able to purchase this property for the estimated value of £171,320, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £842 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, 4, Allery Banks, Morpeth sits on a plot of 134m2.
We have plot size data on 10 out of 14 other houses in the postcode and 4, Allery Banks, Morpeth sits on the 3rd largest plot.
According to HM Land Registry, 4, Allery Banks, Morpeth was last sold on 16 Nov 2020 for £147,550 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Nov 2020, the market for similar properties has risen 14.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Allery Banks, Morpeth within a radius of 243m over the last 2 years.
The most recent example is 26B, Alexandra Road, Morpeth, NE61 1UJ, a Freehold house which sold for £141,500 in Mar 2023.
Read more about house prices in NE61.
Allery Banks, Morpeth, NE61 has a total of 14 addresses. According to our analysis of all the public data, 4, Allery Banks, Morpeth is the 13th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in NE61.
4, Allery Banks, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 27 Oct 2020.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 4, Allery Banks, Morpeth is Morpeth station which is 400 m 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 4, Allery Banks, Morpeth, 46.0% of property is privately owned outright and 25.8% is socially 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 4, Allery Banks, Morpeth, 10.0% of residents are recorded as possessing school level qualifications and 47.4% 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 4, Allery Banks, 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 4, Allery Banks, Morpeth, 2.9% 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 4, Allery Banks, Morpeth, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.