51, Olympia Gardens
51, Olympia Gardens
Description & Estimates
51, Olympia Gardens, Morpeth appears in the public record as a leasehold apartment.
By comparing it to nearby properties, we estimate it to be a period apartment with 856 ft2 of internal area and a garden.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of 51, Olympia Gardens, Morpeth is £152,875 and its rental estimate is £970 per month, given the available information and assuming reasonable condition.
Olympia Gardens, Morpeth, NE61 falls within the NE61 postal district.
Our Data Sources
51, Olympia Gardens, Morpeth has 51 entries in the Land Registry , most recently in October 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 5 out of 5 and is considered of high accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 51, Olympia Gardens, Morpeth, we estimate a market value of £160,519 and a rental value of £1,018 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £142,174 and £902 per month respectively.
Recent Market Change
Over the last year, 51, Olympia Gardens, Morpeth has seen its estimated sale value increase by £2,736 (1.8%) and its estimated rental value grow by £31 per month (3.2%). This results in an estimated gross rental yield of 7.6%.
Sold Prices
The most recent sale of 51, Olympia Gardens, Morpeth completed on 15th October 2015 at £143,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 the property has sold 5 times.
Values of comparable properties have dropped by 9.7% over the period since October 2015.
- Sold Oct 2015£143,000
- Sold Apr 2009£137,000
- Sold Feb 2006£139,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 51, Olympia Gardens, Morpeth have sold within a radius of 700 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th May 2025, was 57, Olympia Gardens, Morpeth, NE61 1JQ, a leasehold flat which sold for £130,000.
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
Of the 49 addresses on Olympia Gardens, Morpeth, NE61, 51, Olympia Gardens, Morpeth comes out as the 32nd largest and the 34th most expensive in our analysis of the public data.
It is also £128k less expensive than the average property across the NE61 district.
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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
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Public Transport Nearby
From 51, Olympia Gardens, Morpeth, the nearest station is Morpeth, 1.0 kilometres away.
- 1.0kmMorpeth
- 2.8kmPegswood
- 7.4kmAshington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
