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According to the public record, 2, Mathesons Gardens, Morpeth is a modern leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Mathesons Gardens, Morpeth is £168,938 and the estimated rental value is £1,039 per month.
Mathesons Gardens, Morpeth, NE61 is located within the NE61 postal district.
2, Mathesons Gardens, Morpeth has 31 entries in the Land Registry , most recently in March 2013 and a single entry in the EPC database dated April 2012.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high 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, Mathesons Gardens, Morpeth is in very good condition we estimate a sale value of £177,385 and a rental value of £1,091 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £157,113 and a rental value of £966 per month.
Over the last 12 months the sale value of 2 Mathesons Gardens Morpeth has increased by an estimated £893 (0.5%) and its rental value has increased by an estimated £22 per month (2.1%), giving an expected gross yield of 7.4%.
2, Mathesons Gardens, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Apr 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Mathesons Gardens, Morpeth was last sold on 25th March 2013 for £140,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since March 2013, the market for similar properties has risen 4.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mathesons Gardens, Morpeth within a radius of 590 metres over the last 2 years.
The most recent example is 46, Mathesons Gardens, Morpeth, NE61 1ET, a leasehold flat which sold for £190,000 on the 30th August 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mathesons Gardens, Morpeth, NE61 has a total of 47 addresses. According to our analysis of all the public data, 2, Mathesons Gardens, Morpeth is the 28th largest and the 36th most expensive property on the street.
When compared to the postcode district it is £112k less expensive than the average property in NE61.
The closest station to 2, Mathesons Gardens, Morpeth is Morpeth station which is 800 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.
The recent census recorded whether a resident owned or rented their home.
In the area around 2, Mathesons Gardens, Morpeth, 51.8% of property is privately owned outright and 25.2% is privately rented.
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, Mathesons Gardens, Morpeth, 13.7% of residents are recorded as possessing school level qualifications and 39.9% 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, Mathesons Gardens, 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, Mathesons Gardens, Morpeth, 0.4% 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, Mathesons Gardens, 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.
