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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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7, The Avenue, Morpeth is described in the public record as an early-century house with 1,076 ft2 of internal area, sitting on a 295 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 7, The Avenue, Morpeth is £335,773 and its rental estimate is £1,541 per month, given the available information and assuming reasonable condition.
The Avenue, Loansdean, Morpeth, NE61 falls within the NE61 postal district.
7, The Avenue, Morpeth has no records in the the Land Registry and a single entry in the EPC database dated August 2015.
We combine this information with public data 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.
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 7, The Avenue, Morpeth, we estimate a market value of £352,562 and a rental value of £1,618 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £312,269 and £1,433 per month respectively.
Over the last year, 7, The Avenue, Morpeth has seen its estimated sale value climb by £11,886 (3.5%) and its estimated rental value rise by £77 per month (5.0%). This results in an estimated gross rental yield of 5.5%.
HM Land Registry records the plot of land for 7, The Avenue, Morpeth as measuring 295 m2.
That makes it the 4th largest plot in the postcode, where 5 of the 7 other houses have recorded plot data.
7, The Avenue, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Aug 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties similar to 7, The Avenue, Morpeth have sold within a radius of 880 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th August 2024, was 36, The Avenue, Morpeth, NE61 2DF, a freehold house which sold for £260,000.
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, 7, The Avenue, Morpeth comes out as the 40th largest and the 40th most expensive in our analysis of the public data.
It is also £55k more expensive than the average property across the NE61 district.
From 7, The Avenue, Morpeth, the nearest station is Morpeth, 1.0 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 7, 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 7, 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 7, 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 7, 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 7, 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.
