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According to the public record, 2, Olympia Hill, Morpeth is a period freehold house with 990 ft2 of internal area and sits on a 143 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Olympia Hill, Morpeth is £277,331 and the estimated rental value is £1,493 per month.
Olympia Hill, Morpeth, NE61 is located within the NE61 postal district.
2, Olympia Hill, Morpeth has 31 entries in the Land Registry , most recently in February 2017 and a single entry in the EPC database dated September 2016.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 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, Olympia Hill, Morpeth is in very good condition we estimate a sale value of £291,198 and a rental value of £1,568 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £257,918 and a rental value of £1,389 per month.
Over the last 12 months the sale value of 2 Olympia Hill Morpeth has increased by an estimated £9,818 (3.5%) and its rental value has increased by an estimated £75 per month (5.0%), giving an expected gross yield of 6.5%.
According to data from HM Land Registry, 2, Olympia Hill, Morpeth sits on a plot of 143m2.
We have plot size data on 12 out of 28 other houses in the postcode and 2, Olympia Hill, Morpeth sits on the 6th largest plot.
2, Olympia Hill, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Sep 2016.
The property is 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, Olympia Hill, Morpeth was last sold on 27th February 2017 for £220,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since February 2017, the market for similar properties has dropped 5.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Olympia Hill, Morpeth within a radius of 730 metres over the last 2 years.
The most recent example is 16, Northbourne Avenue, Morpeth, NE61 1JG, a freehold house which sold for £321,253 on the 3rd December 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Olympia Hill, Morpeth, NE61 has a total of 28 addresses. According to our analysis of all the public data, 2, Olympia Hill, Morpeth is the 26th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £3k less expensive than the average property in NE61.
The closest station to 2, Olympia Hill, Morpeth is Morpeth station which is 1.1 kilometres 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, Olympia Hill, Morpeth, 46.3% of property is privately owned with a mortgage and 35.8% is privately owned outright.
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, Olympia Hill, Morpeth, 18.6% of residents are recorded as possessing school level qualifications and 55.5% 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, Olympia Hill, 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 2, Olympia Hill, Morpeth, 0.8% 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, Olympia Hill, Morpeth, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.
