According to the public record, The Stables, Newminster is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 5,360 ft2 of internal area and sits on a 8,639 m2 plot and a garden.
Houses of this size in this area normally have 5 bedrooms.
Morpeth, NE61 is located within the NE61 postal district.
The Stables, Newminster has 31 entries in the Land Registry database, most recently in March 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for The Stables Newminster as £550,021 and the rental value as £1,538 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of The Stables Newminster has decreased by £10,683 (1.9%) and its rental value has increased by £71 per month (4.6%).
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 The Stables, Newminster is in very good condition we estimate a sale value of £577,522 and rental value of £1,614 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £511,519 and a rental value of £1,430 per month.
If you were able to purchase this property for the estimated value of £550,021, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,703 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 data from HM Land Registry, The Stables, Newminster sits on a plot of 8639m2.
We have plot size data on 5 out of 5 other houses in the postcode and The Stables, Newminster sits on the largest plot.
According to HM Land Registry, The Stables, Newminster was last sold on 06 Mar 2006 for £570,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 890 metres radius of The Stables, Newminster over the last 2 years.
The most recent example is 3, High House Close, Morpeth, NE61 2BL, a Freehold house which sold for £125,000 in Jan 2019.
Read more about house prices in NE61.
Morpeth, NE61 has a total of 258 addresses. According to our analysis of all the public data, The Stables, Newminster is the 4th largest and the 61st most expensive property on the street.
When compared to the postcode district it is £291k more expensive than the average property in NE61.
The closest station to The Stables, Newminster 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 The Stables, Newminster, 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 The Stables, Newminster, 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 The Stables, Newminster, 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 The Stables, Newminster, 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 The Stables, Newminster, 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.