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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, 3, Model Buildings, Morpeth is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 800 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Model Buildings, Morpeth is £146,956 and the estimated rental value is £778 per month.
Model Buildings, Rothbury, Morpeth, NE65 is located within the NE65 postal district.
3, Model Buildings, Morpeth has 21 entries in the Land Registry , most recently in July 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 1 out of 5 and is considered of low 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 3, Model Buildings, Morpeth is in very good condition we estimate a sale value of £154,304 and a rental value of £817 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £136,669 and a rental value of £724 per month.
Over the last 12 months the sale value of 3 Model Buildings Morpeth has increased by an estimated £2,587 (1.8%) and its rental value has increased by an estimated £23 per month (3.0%), giving an expected gross yield of 6.4%.
According to HM Land Registry, 3, Model Buildings, Morpeth was last sold on 31st July 2015 for £115,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since July 2015, the market for similar properties has risen 5.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Model Buildings, Morpeth within a radius of 6.9 kilometres over the last 2 years.
The most recent example is 2 Woodland House, High Street, Morpeth, NE65 7TH, a leasehold flat which sold for £245,000 on the 10th December 2021.
Read more about house prices in NE65.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Model Buildings, Rothbury, Morpeth, NE65 has a total of 8 addresses. According to our analysis of all the public data, 3, Model Buildings, Morpeth is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £147k less expensive than the average property in NE65.
The closest station to 3, Model Buildings, Morpeth is Acklington station which is 16.5 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.
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The recent census recorded whether a resident owned or rented their home.
In the area around 3, Model Buildings, Morpeth, 34.7% of property is socially rented and 32.3% 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 3, Model Buildings, Morpeth, 11.3% of residents are recorded as possessing school level qualifications and 21.6% 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 3, Model Buildings, Morpeth, the average age was 50.7 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 3, Model Buildings, 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 3, Model Buildings, 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.
