According to the public record, 56, The Gables, Morpeth is a mid-century leasehold house and with 719 ft2 of internal area and sits on a 301 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
The Gables, Widdrington, Morpeth, NE61 is located within the NE61 postal district.
56, The Gables, Morpeth has a single entry in the Land Registry database from September 2010 and no records in the EPC database.
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 The Gables Morpeth as £147,612 and the rental value as £893 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 56 The Gables Morpeth has increased by £2,208 (1.5%) and its rental value has increased by £75 per month (8.4%).
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, The Gables, Morpeth is in very good condition we estimate a sale value of £154,993 and rental value of £938 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £137,279 and a rental value of £831 per month.
If you were able to purchase this property for the estimated value of £147,612, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £725 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, 56, The Gables, Morpeth sits on a plot of 301m2.
We have plot size data on 18 out of 26 other houses in the postcode and 56, The Gables, Morpeth sits on the 14th largest plot.
According to HM Land Registry, 56, The Gables, Morpeth was last sold on 27 Sep 2010 for £102,500 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since Sep 2010, the market for similar properties has risen 39.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, The Gables, Morpeth within a radius of 167m over the last 2 years.
The most recent example is 68, The Gables, Morpeth, NE61 5QZ, a Freehold house which sold for £90,000 in Nov 2022.
Read more about house prices in NE61.
The Gables, Widdrington, Morpeth, NE61 has a total of 120 addresses. According to our analysis of all the public data, 56, The Gables, Morpeth is the 109th largest and the 92nd most expensive property on the street.
When compared to the postcode district it is £111k less expensive than the average property in NE61.
56, The Gables, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Dec 2008.
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, The Gables, Morpeth is Widdrington station which is 300 m 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, The Gables, Morpeth, 54.6% of property is privately owned outright and 21.8% 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, The Gables, Morpeth, 11.5% of residents are recorded as possessing school level qualifications and 26.8% 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, The Gables, Morpeth, the average age was 45 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 56, The Gables, Morpeth, 0.6% 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, The Gables, Morpeth, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.