According to the public record, Flat 1, Bow Villa 41, Morpeth is a period leasehold apartment with 495 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Bow Villa, Bullers Green, Morpeth, NE61.
Bullers Green, Morpeth, NE61 is located within the NE61 postal district.
Flat 1, Bow Villa 41, Morpeth has 31 entries in the Land Registry database, most recently in January 2007 and a single entry in the EPC database dated March 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 Bow Villa 41 Morpeth as £156,938 and the rental value as £957 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of Flat 1 Bow Villa 41 Morpeth has increased by £286 (0.2%) and its rental value has increased by £66 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, Bow Villa 41, Morpeth is in very good condition we estimate a sale value of £164,785 and rental value of £1,005 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £145,952 and a rental value of £890 per month.
If you were able to purchase this property for the estimated value of £156,938, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £771 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, Bow Villa 41, Morpeth was last sold on 26 Jan 2007 for £150,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2007, the market for similar properties has risen 7.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, Bow Villa 41, Morpeth within a radius of 810 metres over the last 2 years.
The most recent example is Flat 1, 42A, Bullers Green, Morpeth, NE61 1BF, a Leasehold flat which sold for £167,500 in Jul 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bullers Green, Morpeth, NE61 has a total of 48 addresses. According to our analysis of all the public data, Flat 1, Bow Villa 41, Morpeth is the 47th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £102k less expensive than the average property in NE61.
Flat 1, Bow Villa 41, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Mar 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, Bow Villa 41, Morpeth is Morpeth station which is 1.3 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, Bow Villa 41, Morpeth, 51.7% of property is privately owned outright and 31.9% 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 Flat 1, Bow Villa 41, Morpeth, 17.7% of residents are recorded as possessing school level qualifications and 61.0% 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 Flat 1, Bow Villa 41, 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 Flat 1, Bow Villa 41, Morpeth, 1.7% 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, Bow Villa 41, Morpeth, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.