47, Olympia Gardens
47, Olympia Gardens
Description & Estimates
Public records show 47, Olympia Gardens, Morpeth to be a period leasehold apartment with 796 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms with a garden.
47, Olympia Gardens, Morpeth has an estimated sale value of £148,490 and an estimated rental value of £969 per month, assuming reasonable condition and based on the information available.
Olympia Gardens, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
47, Olympia Gardens, Morpeth has a single entry in the Land Registry from April 2024 and a single entry in the EPC database dated September 2019.
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.
Price Range & Condition
In very good condition, we estimate 47, Olympia Gardens, Morpeth would be worth £155,914, with a potential rental value of £1,017 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £138,096, with a rental value of £901 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 47, Olympia Gardens, Morpeth has risen by £2,657 (1.8%) over the last year. During the same period, its estimated monthly rental value has moved up by £31 (3.2%). The property's estimated gross yield is currently 7.8%.
Energy Efficiency
47, Olympia Gardens, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Sep 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
47, Olympia Gardens, Morpeth last changed hands on 17th April 2024, selling for £135,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 27.1% since April 2024.
- Sold Apr 2024£135,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 700 metres of 47, Olympia Gardens, Morpeth across the last 2 years.
Most recently, 57, Olympia Gardens, Morpeth, NE61 1JQ, a leasehold flat, sold at £130,000 on the 9th May 2025.
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 47, Olympia Gardens, Morpeth as the 37th largest and the 38th most expensive of the 49 addresses on Olympia Gardens, Morpeth, NE61.
Against the NE61 postcode district average, it is £132k less expensive than the typical property.
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Schools Nearby
- 500mSt Roberts Catholic First School, Morpeth
- 1.1kmAbbeyfields First School
- 1.3kmMorpeth All Saints Church of England First School
- 500mThe King Edward VI School
- 6.8kmSt Benet Biscop Catholic Academy
- 6.9kmAshington Academy
More reading links
Public Transport Nearby
Morpeth station is the nearest stop to 47, Olympia Gardens, Morpeth at 1.0 kilometres away.
- 1.0kmMorpeth
- 2.8kmPegswood
- 7.4kmAshington
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 very low risk of flooding.
