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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
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51, The Avenue, Morpeth is recorded publicly as an early-century freehold house across 1,517 ft2 of internal area, sitting on a 463 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 51, The Avenue, Morpeth is £500,262 and its rental estimate is £1,674 per month, given the available information and assuming reasonable condition.
The Avenue, Loansdean, Morpeth, NE61 falls within the NE61 postal district.
51, The Avenue, Morpeth has 2 entries in the Land Registry , most recently in September 2017 and a single entry in the EPC database dated April 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
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, The Avenue, Morpeth, we estimate a market value of £525,275 and a rental value of £1,758 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £465,244 and £1,557 per month respectively.
Over the last year, 51, The Avenue, Morpeth has seen its estimated sale value move up by £5,486 (1.1%) and its estimated rental value increase by £40 per month (2.4%). This results in an estimated gross rental yield of 4.0%.
HM Land Registry records the plot of land for 51, The Avenue, Morpeth as measuring 463 m2.
That makes it the 4th largest plot in the postcode, where 33 of the 35 other houses have recorded plot data.
51, The Avenue, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Apr 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 51, The Avenue, Morpeth completed on 13th September 2017 at £385,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 15.1% over the period since September 2017.
Over the past 2 years 3 properties similar to 51, The Avenue, Morpeth have sold within a radius of 960 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th November 2023, was 30, Kendor Grove, Morpeth, NE61 2BU, a freehold house which sold for £400,000.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 42 addresses on The Avenue, Loansdean, Morpeth, NE61, 51, The Avenue, Morpeth comes out as the 7th largest and the 4th most expensive in our analysis of the public data.
It is also £219k more expensive than the average property across the NE61 district.
From 51, The Avenue, Morpeth, the nearest station is Morpeth, 1.1 kilometres away.
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 51, The Avenue, Morpeth, 48.8% of property is privately owned outright and 43.8% is privately owned with a mortgage.
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 51, The Avenue, Morpeth, 19.9% of residents are recorded as possessing school level qualifications and 68.0% 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 51, The Avenue, Morpeth, the average age was 47.5 and the most common age was 72.
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 51, The Avenue, Morpeth, 2.3% 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 51, The Avenue, Morpeth, there are an average of 1.7 cars per household.
See below for how this compares to North East and the rest of England & Wales.
