Flat 2, Newminster Abbey House has 31 entries in the Land Registry database, most recently in October 2016 and a single entry in the EPC database dated November 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
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 2, Newminster Abbey House is in very good condition we estimate a sale value of £280,690 and rental value of £1,555 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £248,611 and a rental value of £1,378 per month.
If you were able to purchase this property for the estimated value of £267,323, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,314 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 2, Newminster Abbey House was last sold on 14 Oct 2016 for £190,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Oct 2016, the market for similar properties has risen 13.0%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 2, Newminster Abbey House within a radius of 720 metres over the last 2 years.
The most recent example is Flat 13, 42A, Bullers Green, Morpeth, NE61 1BF, a Leasehold flat which sold for £230,000 in Aug 2023.
Read more about house prices in NE61.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morpeth, NE61 has a total of 258 addresses. According to our analysis of all the public data, Flat 2, Newminster Abbey House is the 142nd largest and the 190th most expensive property on the street.
When compared to the postcode district it is £8k more expensive than the average property in NE61.
Flat 2, Newminster Abbey House has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Nov 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
According to the public record, Flat 2, Newminster Abbey House is a period leasehold apartment with 1,399 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in Newminster Abbey House, Morpeth, NE61.
Morpeth, NE61 is located within the NE61 postal district.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 2 Newminster Abbey House as £267,323 and the rental value as £1,481 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Flat 2 Newminster Abbey House has increased by £842 (0.3%) and its rental value has increased by £105 per month (7.1%).
The closest station to Flat 2, Newminster Abbey House is Morpeth station which is 1.2 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 2, Newminster Abbey House, 52.0% of property is privately owned outright and 43.2% 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 2, Newminster Abbey House, 16.7% of residents are recorded as possessing school level qualifications and 50.8% 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 2, Newminster Abbey House, the average age was 47.5 and the most common age was 72.
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 2, Newminster Abbey House, 0.0% 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 2, Newminster Abbey House, 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.