According to the public record, Apartment 17, Coble Quay, Morpeth is a modern leasehold apartment with 1,776 ft2 of internal area.
Apartments of this size in this area normally have 4 bedrooms with a balcony.
The apartment is in Coble Quay, Amble, Morpeth, NE65.
Amble, Morpeth, NE65 is located within the NE65 postal district.
Apartment 17, Coble Quay, Morpeth has 2 entries in the Land Registry database, most recently in January 2022 and a single entry in the EPC database dated December 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 good condition, we estimate the current sale value for Apartment 17 Coble Quay Morpeth as £533,382 and the rental value as £2,780 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of Apartment 17 Coble Quay Morpeth has decreased by £3,649 (0.7%) and its rental value has increased by £130 per month (4.7%).
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 Apartment 17, Coble Quay, Morpeth is in very good condition we estimate a sale value of £560,051 and rental value of £2,919 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £496,045 and a rental value of £2,585 per month.
If you were able to purchase this property for the estimated value of £533,382, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,621 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, Apartment 17, Coble Quay, Morpeth was last sold on 20 Jan 2022 for £510,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2022, the market for similar properties has dropped 2.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 17, Coble Quay, Morpeth within a radius of 780 metres over the last 2 years.
The most recent example is Apartment 3, Coble Quay, Morpeth, NE65 0FB, a Leasehold flat which sold for £507,500 in Aug 2020.
Read more about house prices in NE65.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Amble, Morpeth, NE65 has a total of 50 addresses. According to our analysis of all the public data, Apartment 17, Coble Quay, Morpeth is the 10th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £258k more expensive than the average property in NE65.
Apartment 17, Coble Quay, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 Dec 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler with both radiators and underfloor heating.
The closest station to Apartment 17, Coble Quay, Morpeth is Acklington station which is 5.4 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 Apartment 17, Coble Quay, Morpeth, 38.5% of property is privately owned outright and 27.9% is privately rented.
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 Apartment 17, Coble Quay, Morpeth, 6.8% of residents are recorded as possessing school level qualifications and 27.5% 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 Apartment 17, Coble Quay, Morpeth, the average age was 48 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 Apartment 17, Coble Quay, Morpeth, 0.9% 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 Apartment 17, Coble Quay, Morpeth, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.