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According to the public record, 7, Thorp Avenue, Morpeth is a early-century freehold house with 2,034 ft2 of internal area and sits on a 388 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, Thorp Avenue, Morpeth is £522,043 and the estimated rental value is £2,160 per month.
Thorp Avenue, Morpeth, NE61 is located within the NE61 postal district.
7, Thorp Avenue, Morpeth has 2 entries in the Land Registry , most recently in November 2022 and a single entry in the EPC database dated July 2022.
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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, Thorp Avenue, Morpeth is in very good condition we estimate a sale value of £548,145 and a rental value of £2,268 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £485,500 and a rental value of £2,009 per month.
Over the last 12 months the sale value of 7 Thorp Avenue Morpeth has increased by an estimated £1,395 (0.3%) and its rental value has increased by an estimated £35 per month (1.6%), giving an expected gross yield of 5%.
According to data from HM Land Registry, 7, Thorp Avenue, Morpeth sits on a plot of 388m2.
We have plot size data on 10 out of 12 other houses in the postcode and 7, Thorp Avenue, Morpeth sits on the 6th largest plot.
7, Thorp Avenue, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 7, Thorp Avenue, Morpeth was last sold on 29th November 2022 for £600,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since November 2022, the market for similar properties has dropped 13.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Thorp Avenue, Morpeth within a radius of 710 metres over the last 2 years.
The most recent example is 30, Palmerston Avenue, Morpeth, NE61 2GF, a freehold house which sold for £580,000 on the 8th March 2024.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Thorp Avenue, Morpeth, NE61 has a total of 31 addresses. According to our analysis of all the public data, 7, Thorp Avenue, Morpeth is the 19th largest and the 21st most expensive property on the street.
When compared to the postcode district it is £241k more expensive than the average property in NE61.
The closest station to 7, Thorp Avenue, Morpeth is Morpeth station which is 1.0 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Thorp Avenue, Morpeth, 46.3% of property is privately owned with a mortgage and 35.8% is privately owned outright.
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, Thorp Avenue, Morpeth, 18.6% of residents are recorded as possessing school level qualifications and 55.5% 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, Thorp Avenue, Morpeth, the average age was 45.1 and the most common age was 62.
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, Thorp Avenue, Morpeth, 0.8% 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, Thorp Avenue, Morpeth, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.
