According to the public record, 55, Second Avenue, Morpeth is a early-century freehold house with 419 ft2 of internal area and sits on a 126 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Second Avenue, Morpeth, NE61 is located within the NE61 postal district.
55, Second Avenue, Morpeth has 2 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated March 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 55 Second Avenue Morpeth as £84,038 and the rental value as £520 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 55 Second Avenue Morpeth has increased by £798 (0.9%) and its rental value has increased by £40 per month (7.7%).
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 55, Second Avenue, Morpeth is in very good condition we estimate a sale value of £88,240 and rental value of £546 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £78,156 and a rental value of £484 per month.
If you were able to purchase this property for the estimated value of £84,038, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £413 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, 55, Second Avenue, Morpeth sits on a plot of 126m2.
We have plot size data on 23 out of 43 other houses in the postcode and 55, Second Avenue, Morpeth sits on the 15th largest plot.
According to HM Land Registry, 55, Second Avenue, Morpeth was last sold on 01 Aug 2022 for £40,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has risen 3.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 55, Second Avenue, Morpeth within a radius of 660 metres over the last 2 years.
The most recent example is 62, Fourth Avenue, Morpeth, NE61 2HL, a Freehold house which sold for £80,000 in Dec 2018.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Second Avenue, Morpeth, NE61 has a total of 107 addresses. According to our analysis of all the public data, 55, Second Avenue, Morpeth is the 90th largest and the 86th most expensive property on the street.
When compared to the postcode district it is £175k less expensive than the average property in NE61.
55, Second Avenue, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Mar 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 55, Second Avenue, Morpeth is Morpeth station which is 300 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 55, Second Avenue, Morpeth, 30.5% of property is privately owned outright and 26.3% 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 55, Second Avenue, Morpeth, 17.1% of residents are recorded as possessing school level qualifications and 36.6% 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 55, Second Avenue, 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 55, Second 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 55, Second Avenue, Morpeth, there are an average of 1.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.