47 Silvas Court, Morpeth has 41 entries in the Land Registry database, most recently in December 2023 and a single entry in the EPC database dated June 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
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 47 Silvas Court, Morpeth is in very good condition we estimate a sale value of £126,318 and rental value of £885 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £111,881 and a rental value of £784 per month.
If you were able to purchase this property for the estimated value of £120,302, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £591 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, 47 Silvas Court, Morpeth was last sold on 01 Dec 2023 for £99,950 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Dec 2023, the market for similar properties has risen 4.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47 Silvas Court, Morpeth within a radius of 630 metres over the last 2 years.
The most recent example is 27 Silvas Court, Dacre Street, Morpeth, NE61 1HQ, a Leasehold flat which sold for £92,000 in Oct 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, 47 Silvas Court, Morpeth is the 54th largest and the 55th most expensive property on the street.
When compared to the postcode district it is £139k less expensive than the average property in NE61.
47 Silvas Court, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Jun 2022.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
According to the public record, 47 Silvas Court, Morpeth is a modern leasehold apartment with 516 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 47 Silvas Court Morpeth as £120,302 and the rental value as £843 per month giving an expected gross yield of 8.4%.
Over the last 12 months the sale value of 47 Silvas Court Morpeth has increased by £266 (0.2%) and its rental value has increased by £58 per month (6.9%).
The closest station to 47 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 47 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 47 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 47 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 47 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 47 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.