According to the public record, 6, South Terrace, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,140 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
South Terrace, Morpeth, NE61 is located within the NE61 postal district.
6, South Terrace, Morpeth has a single entry in the Land Registry database from September 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 6 South Terrace Morpeth as £274,722 and the rental value as £1,157 per month giving an expected gross yield of 5.1%.
Over the last 12 months the sale value of 6 South Terrace Morpeth has decreased by £2,664 (1.0%) and its rental value has increased by £65 per month (5.7%).
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 6, South Terrace, Morpeth is in very good condition we estimate a sale value of £288,458 and rental value of £1,215 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £255,492 and a rental value of £1,076 per month.
If you were able to purchase this property for the estimated value of £274,722, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,350 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, 6, South Terrace, Morpeth was last sold on 18 Sep 2006 for £117,001 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 6, South Terrace, Morpeth within a radius of 750 metres over the last 2 years.
The most recent example is 8, Northbourne Avenue, Morpeth, NE61 1JG, a Freehold house which sold for £295,000 in Mar 2024.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South Terrace, Morpeth, NE61 has a total of 9 addresses. According to our analysis of all the public data, 6, South Terrace, Morpeth is the 7th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £16k more expensive than the average property in NE61.
The closest station to 6, South Terrace, Morpeth is Morpeth station which is 1.1 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 6, South Terrace, 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 6, South Terrace, 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 6, South Terrace, 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 6, South Terrace, 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 6, South Terrace, 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.