According to the public record, 56, Loansdean Wood, Morpeth is a modern leasehold apartment with 785 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Loansdean Wood, Morpeth, NE61 is located within the NE61 postal district.
56, Loansdean Wood, Morpeth has 2 entries in the Land Registry database, most recently in November 2023 and a single entry in the EPC database dated May 2023.
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 56 Loansdean Wood Morpeth as £152,794 and the rental value as £985 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 56 Loansdean Wood Morpeth has increased by £396 (0.3%) and its rental value has increased by £69 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 56, Loansdean Wood, Morpeth is in very good condition we estimate a sale value of £160,433 and rental value of £1,034 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £142,098 and a rental value of £916 per month.
If you were able to purchase this property for the estimated value of £152,794, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £751 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, 56, Loansdean Wood, Morpeth was last sold on 08 Nov 2023 for £135,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Nov 2023, the market for similar properties has risen 3.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Loansdean Wood, Morpeth within a radius of 730 metres over the last 2 years.
The most recent example is 60, Loansdean Wood, Morpeth, NE61 2FB, a Leasehold flat which sold for £100,000 in Dec 2022.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Loansdean Wood, Morpeth, NE61 has a total of 86 addresses. According to our analysis of all the public data, 56, Loansdean Wood, Morpeth is the 60th largest and the 61st most expensive property on the street.
When compared to the postcode district it is £106k less expensive than the average property in NE61.
56, Loansdean Wood, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 May 2023.
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 56, Loansdean Wood, Morpeth is Morpeth station which is 700 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 56, Loansdean Wood, Morpeth, 50.3% of property is privately owned outright and 26.2% 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 56, Loansdean Wood, Morpeth, 12.5% of residents are recorded as possessing school level qualifications and 51.7% 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 56, Loansdean Wood, 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 56, Loansdean Wood, 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 56, Loansdean Wood, Morpeth, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.