4, Mill Race Court
4, Mill Race Court
Description & Estimates
Public records show 4, Mill Race Court, Morpeth to be a modern leasehold apartment with 775 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
4, Mill Race Court, Morpeth has an estimated sale value of £261,735 and an estimated rental value of £1,353 per month, assuming reasonable condition and based on the information available.
Mill Race Court, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
4, Mill Race Court, Morpeth has 41 entries in the Land Registry , most recently in September 2021 and a single entry in the EPC database dated July 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 4, Mill Race Court, Morpeth would be worth £274,822, with a potential rental value of £1,421 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £243,414, with a rental value of £1,258 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 4, Mill Race Court, Morpeth has grown by £1,384 (0.5%) over the last year. During the same period, its estimated monthly rental value has climbed by £28 (2.1%). The property's estimated gross yield is currently 6.2%.
Energy Efficiency
4, Mill Race Court, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Jul 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters, Room heaters, electric.
Sold Prices
4, Mill Race Court, Morpeth last changed hands on 23rd September 2021, selling for £250,000. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold 4 times since 1995.
The market for similar properties has dropped by 46.4% since September 2021.
- Sold Sep 2021£250,000
- Sold Nov 2011£179,950
- Sold Nov 2006£224,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 680 metres of 4, Mill Race Court, Morpeth across the last 2 years.
Most recently, 11, Mill Race Court, Morpeth, NE61 1AE, a leasehold flat, sold at £125,000 on the 17th May 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 4, Mill Race Court, Morpeth as the 15th largest and the 13th most expensive of the 25 addresses on Mill Race Court, Morpeth, NE61.
Against the NE61 postcode district average, it is £19k less expensive than the typical property.
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Schools Nearby
- 500mSt Roberts Catholic First School, Morpeth
- 1.0kmAbbeyfields First School
- 1.2kmMorpeth Stobhillgate First School
- 900mThe King Edward VI School
- 6.4kmSt Benet Biscop Catholic Academy
- 6.8kmAshington Academy
More reading links
Public Transport Nearby
Morpeth station is the nearest stop to 4, Mill Race Court, Morpeth at 600 metres away.
- 600mMorpeth
- 2.8kmPegswood
- 7.3kmAshington
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a low risk of flooding.
