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Company No. 11113204
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VAT No. GB 287 0845 68
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As updated by Kathryn Kent Residential Limited in July 2024, 2 Pethgate Court, Morpeth is a period leasehold apartment with 1,004 ft2 of internal area comprising 2 bedrooms with a garden.
The property has 958 years remaining on the lease.
Based on available information, and assuming reasonable condition, the estimated sale value for 2 Pethgate Court, Morpeth is £261,184 and the estimated rental value is £1,230 per month.
The apartment is within Pethgate Court, Castle Square, Morpeth, NE61.
Castle Square, Morpeth, NE61 is located within the NE61 postal district.
2 Pethgate Court, Morpeth has been updated by Kathryn Kent Residential Limited. This data along with public information allows us to provide estimates for both this and neighbouring properties.
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 Pethgate Court, Morpeth is in very good condition we estimate a sale value of £274,243 and a rental value of £1,291 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £242,901 and a rental value of £1,144 per month.
Over the past 12 months, the estimated sale value of 2 Pethgate Court, Morpeth has increased by £4,674 (1.8%), while its estimated rental value has grown by £40 per month (3.2%). Based on current estimates, the property offers a gross rental yield of 5.7%.
2 Pethgate Court, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Dec 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to Kathryn Kent Residential Limited and HM Land Registry, 2 Pethgate Court, Morpeth was last sold on 25th July 2024 for £295,000 and was recorded as a leasehold flat.
The selling agent was Kathryn Kent Residential Limited. The property has had 2 sales since 1995.
Since July 2024, the market for similar properties has dropped by 21.4%.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Pethgate Court, Morpeth within a radius of 630 metres over the last 2 years.
The most recent example is 5 Pethgate Court, Castle Square, Morpeth, NE61 1YL, a leasehold flat which sold for £280,000 on the 26th March 2025.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Castle Square, Morpeth, NE61 has a total of 9 addresses. According to our analysis of all the public data, 2 Pethgate Court, Morpeth is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £20k less expensive than the average property in NE61.
The closest station to 2 Pethgate Court, 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 low.
The recent census recorded whether a resident owned or rented their home.
In the area around 2 Pethgate Court, Morpeth, 51.6% of property is privately owned outright and 25.8% 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 Pethgate Court, Morpeth, 7.1% of residents are recorded as possessing school level qualifications and 38.8% 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 Pethgate Court, 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 Pethgate Court, Morpeth, 2.0% 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 Pethgate Court, 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.
