According to the public record, Flat 1, Bon Accord House 92, Morpeth is a period leasehold apartment with 645 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Bon Accord House, Newgate Street, Morpeth, NE61.
Newgate Street, Morpeth, NE61 is located within the NE61 postal district.
Flat 1, Bon Accord House 92, Morpeth has 31 entries in the Land Registry database, most recently in February 2020 and a single entry in the EPC database dated August 2019.
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 Flat 1 Bon Accord House 92 Morpeth as £115,775 and the rental value as £827 per month giving an expected gross yield of 8.6%.
Over the last 12 months the sale value of Flat 1 Bon Accord House 92 Morpeth has increased by £256 (0.2%) and its rental value has increased by £57 per month (6.9%).
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 Flat 1, Bon Accord House 92, Morpeth is in very good condition we estimate a sale value of £121,564 and rental value of £869 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £107,671 and a rental value of £769 per month.
If you were able to purchase this property for the estimated value of £115,775, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £569 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, Flat 1, Bon Accord House 92, Morpeth was last sold on 07 Feb 2020 for £92,500 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Feb 2020, the market for similar properties has risen 10.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Bon Accord House 92, Morpeth within a radius of 700 metres over the last 2 years.
The most recent example is 84B, Newgate Street, Morpeth, NE61 1BU, a Leasehold flat which sold for £118,500 in May 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newgate Street, Morpeth, NE61 has a total of 125 addresses. According to our analysis of all the public data, Flat 1, Bon Accord House 92, Morpeth is the 85th largest and the 117th most expensive property on the street.
When compared to the postcode district it is £143k less expensive than the average property in NE61.
Flat 1, Bon Accord House 92, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 09 Aug 2019.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to Flat 1, Bon Accord House 92, 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 Flat 1, Bon Accord House 92, Morpeth, 35.9% of property is privately owned outright and 34.5% 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 Flat 1, Bon Accord House 92, Morpeth, 12.5% of residents are recorded as possessing school level qualifications and 42.8% 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 Flat 1, Bon Accord House 92, Morpeth, the average age was 48.3 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 Flat 1, Bon Accord House 92, Morpeth, 1.5% 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 Flat 1, Bon Accord House 92, 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.