According to the public record, 60, Albion Terrace, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 545 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Albion Terrace, Lynemouth, Morpeth, NE61 is located within the NE61 postal district.
60, Albion Terrace, Morpeth has a single entry in the Land Registry database from February 2024 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 60 Albion Terrace Morpeth as £53,332 and the rental value as £330 per month giving an expected gross yield of 7.4%.
Over the last 12 months the sale value of 60 Albion Terrace Morpeth has increased by £1,270 (2.4%) and its rental value has increased by £33 per month (10.1%).
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 60, Albion Terrace, Morpeth is in very good condition we estimate a sale value of £55,999 and rental value of £347 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £49,599 and a rental value of £307 per month.
If you were able to purchase this property for the estimated value of £53,332, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £262 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, 60, Albion Terrace, Morpeth was last sold on 01 Feb 2024 for £25,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2024, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 60, Albion Terrace, Morpeth within a radius of 1.8 kilometres over the last 2 years.
The most recent example is 4, Kingsley Road, Morpeth, NE61 5YD, a Freehold house which sold for £39,999 in Feb 2018.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Albion Terrace, Lynemouth, Morpeth, NE61 has a total of 63 addresses. According to our analysis of all the public data, 60, Albion Terrace, Morpeth is the 63rd largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £206k less expensive than the average property in NE61.
The closest station to 60, Albion Terrace, Morpeth is Ashington station which is 3.9 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 60, Albion Terrace, Morpeth, 34.8% of property is socially rented and 34.1% is privately owned outright.
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 60, Albion Terrace, Morpeth, 12.5% of residents are recorded as possessing school level qualifications and 17.4% 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 60, Albion Terrace, 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 60, Albion Terrace, Morpeth, 1.2% 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 60, Albion Terrace, 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.