According to the public record, Apartment 7, St. James Place 7, Morpeth is a modern leasehold apartment with 1,087 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in St. James Place, Dacre Street, Morpeth, NE61.
Dacre Street, Morpeth, NE61 is located within the NE61 postal district.
Apartment 7, St. James Place 7, Morpeth has 2 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated October 2016.
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 Apartment 7 St. James Place 7 Morpeth as £399,269 and the rental value as £2,034 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of Apartment 7 St. James Place 7 Morpeth has increased by £1,131 (0.3%) and its rental value has increased by £142 per month (7.0%).
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 7, St. James Place 7, Morpeth is in very good condition we estimate a sale value of £419,233 and rental value of £2,136 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £371,320 and a rental value of £1,892 per month.
If you were able to purchase this property for the estimated value of £399,269, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,962 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 7, St. James Place 7, Morpeth was last sold on 05 Aug 2020 for £370,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2020, the market for similar properties has risen 5.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 7, St. James Place 7, Morpeth within a radius of 610 metres over the last 2 years.
The most recent example is Apartment 8, St. James Place 7, Dacre Street, Morpeth, NE61 1HW, a Leasehold flat which sold for £415,000 in Nov 2021.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Dacre Street, Morpeth, NE61 has a total of 83 addresses. According to our analysis of all the public data, Apartment 7, St. James Place 7, Morpeth is the 16th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £140k more expensive than the average property in NE61.
Apartment 7, St. James Place 7, Morpeth has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 18 Oct 2016.
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 Apartment 7, St. James Place 7, Morpeth is Morpeth station which is 900 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 Apartment 7, St. James Place 7, 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 Apartment 7, St. James Place 7, 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 Apartment 7, St. James Place 7, 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 Apartment 7, St. James Place 7, 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 Apartment 7, St. James Place 7, 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.