According to the public record, 4 Silvas Court, Morpeth is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 552 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Silvas Court, Dacre Street, Morpeth, NE61.
Dacre Street, Morpeth, NE61 is located within the NE61 postal district.
4 Silvas Court, Morpeth has a single entry in the Land Registry database from August 2015 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 4 Silvas Court Morpeth as £124,171 and the rental value as £864 per month giving an expected gross yield of 8.3%.
Over the last 12 months the sale value of 4 Silvas Court Morpeth has increased by £274 (0.2%) and its rental value has increased by £60 per month (6.9%).
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 Silvas Court, Morpeth is in very good condition we estimate a sale value of £130,379 and rental value of £907 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £115,479 and a rental value of £803 per month.
If you were able to purchase this property for the estimated value of £124,171, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £610 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 Silvas Court, Morpeth was last sold on 07 Aug 2015 for £75,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2015, the market for similar properties has risen 18.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4 Silvas Court, Morpeth within a radius of 630 metres over the last 2 years.
The most recent example is 47 Silvas Court, Dacre Street, Morpeth, NE61 1HQ, a Leasehold flat which sold for £99,950 in Dec 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Dacre Street, Morpeth, NE61 has a total of 83 addresses. According to our analysis of all the public data, 4 Silvas Court, Morpeth is the 52nd largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £135k less expensive than the average property in NE61.
The closest station to 4 Silvas Court, Morpeth is Morpeth station which is 800 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 Silvas Court, Morpeth, 50.0% of property is privately owned outright and 23.0% is privately 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 Silvas Court, Morpeth, 5.0% of residents are recorded as possessing school level qualifications and 33.2% 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 Silvas Court, 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 Silvas Court, Morpeth, 3.3% 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 Silvas Court, Morpeth, there are an average of 0.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.