According to the public record, 4, Fourth Avenue, Morpeth is a mid-century freehold house with 861 ft2 of internal area and sits on a 188 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Fourth Avenue, Morpeth, NE61 is located within the NE61 postal district.
4, Fourth Avenue, Morpeth has a single entry in the Land Registry database from January 2014 and a single entry in the EPC database dated March 2015.
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 Fourth Avenue Morpeth as £142,268 and the rental value as £843 per month giving an expected gross yield of 7.1%.
Over the last 12 months the sale value of 4 Fourth Avenue Morpeth has increased by £3,065 (2.2%) and its rental value has increased by £76 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 4, Fourth Avenue, Morpeth is in very good condition we estimate a sale value of £149,381 and rental value of £885 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £132,309 and a rental value of £784 per month.
If you were able to purchase this property for the estimated value of £142,268, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £699 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, Fourth Avenue, Morpeth sits on a plot of 188m2.
We have plot size data on 7 out of 29 other houses in the postcode and 4, Fourth Avenue, Morpeth sits on the 6th largest plot.
According to HM Land Registry, 4, Fourth Avenue, Morpeth was last sold on 30 Jan 2014 for £60,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2014, the market for similar properties has risen 38.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Fourth Avenue, Morpeth within a radius of 660 metres over the last 2 years.
The most recent example is 22, Third Avenue, Morpeth, NE61 2HZ, a Freehold house which sold for £133,549 in Apr 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fourth Avenue, Morpeth, NE61 has a total of 74 addresses. According to our analysis of all the public data, 4, Fourth Avenue, Morpeth is the 16th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £117k less expensive than the average property in NE61.
4, Fourth Avenue, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Mar 2015.
The property is not connected to mains gas and has partial double glazing. It is heated using an dual fuel boiler (mineral and wood) and radiators.
The closest station to 4, Fourth Avenue, Morpeth is Morpeth station which is 400 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, Fourth Avenue, Morpeth, 66.4% of property is socially rented and 12.3% 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, Fourth Avenue, Morpeth, 26.8% of residents are recorded as possessing school level qualifications and 16.2% 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 4, Fourth 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 4, Fourth 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 4, Fourth 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.