According to the public record, 5 Greystoke Apartments, Morpeth is a modern leasehold apartment with 2,055 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Greystoke Apartments, Kings Avenue, Morpeth, NE61.
Kings Avenue, Morpeth, NE61 is located within the NE61 postal district.
5 Greystoke Apartments, Morpeth has a single entry in the Land Registry database from August 2018 and a single entry in the EPC database dated April 2018.
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 5 Greystoke Apartments Morpeth as £735,022 and the rental value as £3,745 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 5 Greystoke Apartments Morpeth has increased by £2,082 (0.3%) and its rental value has increased by £262 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 5 Greystoke Apartments, Morpeth is in very good condition we estimate a sale value of £771,773 and rental value of £3,932 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £683,570 and a rental value of £3,483 per month.
If you were able to purchase this property for the estimated value of £735,022, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,612 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, 5 Greystoke Apartments, Morpeth was last sold on 31 Aug 2018 for £745,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Aug 2018, the market for similar properties has risen 13.5%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 5 Greystoke Apartments, Morpeth within a radius of 690 metres over the last 2 years.
The most recent example is 3 Greystoke Apartments, Kings Avenue, Morpeth, NE61 1EQ, a Leasehold flat which sold for £690,000 in Apr 2018.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Kings Avenue, Morpeth, NE61 has a total of 30 addresses. According to our analysis of all the public data, 5 Greystoke Apartments, Morpeth is the 20th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £476k more expensive than the average property in NE61.
5 Greystoke Apartments, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Apr 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler with both radiators and underfloor heating.
The closest station to 5 Greystoke Apartments, Morpeth is Morpeth station which is 1.0 kilometres 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 5 Greystoke Apartments, Morpeth, 67.3% of property is privately owned outright and 22.0% 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 5 Greystoke Apartments, Morpeth, 14.3% of residents are recorded as possessing school level qualifications and 54.0% 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 5 Greystoke Apartments, Morpeth, the average age was 45.1 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 5 Greystoke Apartments, Morpeth, 1.4% 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 5 Greystoke Apartments, 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.