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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
According to the public record, 2, Fourth Avenue, Morpeth is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 594 ft2 of internal area and sits on a 264 m2 plot and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Fourth Avenue, Morpeth is £126,973 and the estimated rental value is £937 per month.
Fourth Avenue, Morpeth, NE61 is located within the NE61 postal district.
2, Fourth Avenue, Morpeth has 31 entries in the Land Registry , most recently in April 2015 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.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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 2, Fourth Avenue, Morpeth is in very good condition we estimate a sale value of £133,322 and a rental value of £983 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £118,085 and a rental value of £871 per month.
Over the last 12 months the sale value of 2 Fourth Avenue Morpeth has increased by an estimated £4,969 (3.9%) and its rental value has increased by an estimated £46 per month (4.9%), giving an expected gross yield of 8.9%.
According to data from HM Land Registry, 2, Fourth Avenue, Morpeth sits on a plot of 264m2.
We have plot size data on 12 out of 29 other houses in the postcode and 2, Fourth Avenue, Morpeth sits on the 2nd largest plot.
According to HM Land Registry, 2, Fourth Avenue, Morpeth was last sold on 17th April 2015 for £97,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since April 2015, the market for similar properties has risen 104.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Fourth Avenue, Morpeth within a radius of 650 metres over the last 2 years.
The most recent example is 36, Third Avenue, Morpeth, NE61 2HZ, a freehold house which sold for £63,000 on the 30th June 2023.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fourth Avenue, Morpeth, NE61 has a total of 74 addresses. According to our analysis of all the public data, 2, Fourth Avenue, Morpeth is the 71st largest and the 38th most expensive property on the street.
When compared to the postcode district it is £152k less expensive than the average property in NE61.
The closest station to 2, Fourth Avenue, Morpeth is Morpeth station which is 400 metres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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The recent census recorded whether a resident owned or rented their home.
In the area around 2, Fourth Avenue, Morpeth, 66.4% of property is socially rented and 12.3% is privately owned with a mortgage.
The graph below shows how this compares to North East 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 2, Fourth Avenue, Morpeth, 26.8% of residents are recorded as possessing school level qualifications and 16.2% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Fourth Avenue, 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 2, Fourth Avenue, Morpeth, 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 2, Fourth Avenue, Morpeth, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.
