According to the public record, 7, Turner Square, Morpeth is a modern leasehold apartment with 403 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Turner Square, Morpeth, NE61 is located within the NE61 postal district.
7, Turner Square, Morpeth has a single entry in the Land Registry database from December 2010 and a single entry in the EPC database dated December 2010.
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 7 Turner Square Morpeth as £97,787 and the rental value as £726 per month giving an expected gross yield of 8.9%.
Over the last 12 months the sale value of 7 Turner Square Morpeth has increased by £410 (0.4%) and its rental value has increased by £51 per month (7.1%).
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 7, Turner Square, Morpeth is in very good condition we estimate a sale value of £102,676 and rental value of £763 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £90,942 and a rental value of £675 per month.
If you were able to purchase this property for the estimated value of £97,787, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £481 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, 7, Turner Square, Morpeth was last sold on 23 Dec 2010 for £82,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2010, the market for similar properties has risen 16.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Turner Square, Morpeth within a radius of 630 metres over the last 2 years.
The most recent example is 17, Turner Square, Morpeth, NE61 2JA, a Leasehold flat which sold for £85,000 in Dec 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Turner Square, Morpeth, NE61 has a total of 24 addresses. According to our analysis of all the public data, 7, Turner Square, Morpeth is the 17th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £161k less expensive than the average property in NE61.
7, Turner Square, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Dec 2010.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 7, Turner Square, 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 7, Turner Square, Morpeth, 45.8% of property is privately owned with a mortgage and 43.0% 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 7, Turner Square, Morpeth, 23.9% of residents are recorded as possessing school level qualifications and 56.5% 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 7, Turner Square, Morpeth, the average age was 44.7 and the most common age was 57.
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 7, Turner Square, Morpeth, 1.8% 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 7, Turner Square, Morpeth, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.