According to the public record, 4 Aston Court, Morpeth is a modern leasehold apartment with 667 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Aston Court, Horseshoe Way, Morpeth, NE61.
Horseshoe Way, Morpeth, NE61 is located within the NE61 postal district.
4 Aston Court, Morpeth has a single entry in the Land Registry database from December 2018 and a single entry in the EPC database dated October 2017.
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 Aston Court Morpeth as £154,073 and the rental value as £989 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 4 Aston Court Morpeth has increased by £400 (0.3%) and its rental value has increased by £69 per month (7.0%).
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 4 Aston Court, Morpeth is in very good condition we estimate a sale value of £161,776 and rental value of £1,038 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £143,287 and a rental value of £920 per month.
If you were able to purchase this property for the estimated value of £154,073, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £757 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, 4 Aston Court, Morpeth was last sold on 21 Dec 2018 for £97,375 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2018, the market for similar properties has risen 15.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4 Aston Court, Morpeth within a radius of 700 metres over the last 2 years.
The most recent example is 75, Loansdean Wood, Morpeth, NE61 2FB, a Leasehold flat which sold for £148,500 in May 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Horseshoe Way, Morpeth, NE61 has a total of 38 addresses. According to our analysis of all the public data, 4 Aston Court, Morpeth is the 36th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in NE61.
4 Aston Court, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 04 Oct 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 4 Aston Court, Morpeth is Morpeth station which is 700 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 4 Aston Court, Morpeth, 54.1% of property is privately owned outright and 35.0% 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 4 Aston Court, Morpeth, 20.1% of residents are recorded as possessing school level qualifications and 49.0% 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 Aston Court, Morpeth, the average age was 47.5 and the most common age was 72.
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 Aston Court, Morpeth, 1.3% 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 Aston Court, Morpeth, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.