8, Mill Race Court
8, Mill Race Court
Description & Estimates
The public record lists 8, Mill Race Court, Morpeth as a leasehold apartment.
Comparison with its neighbours suggests a modern apartment with 722 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
8, Mill Race Court, Morpeth has an estimated sale value of £252,403 and an estimated rental value of £1,337 per month, assuming reasonable condition and based on the information available.
Mill Race Court, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
8, Mill Race Court, Morpeth has a single entry in the Land Registry from February 2008 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 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 8, Mill Race Court, Morpeth would be worth £265,023, with a potential rental value of £1,404 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £234,735, with a rental value of £1,243 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 8, Mill Race Court, Morpeth has climbed by £1,335 (0.5%) over the last year. During the same period, its estimated monthly rental value has risen by £28 (2.1%). The property's estimated gross yield is currently 6.4%.
Sold Prices
8, Mill Race Court, Morpeth last changed hands on 8th February 2008, selling for £209,950. 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 47.2% since February 2008.
- Sold Feb 2008£209,950
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 680 metres of 8, Mill Race Court, Morpeth across the last 2 years.
Most recently, 11, Mill Race Court, Morpeth, NE61 1AE, a leasehold flat, sold at £125,000 on the 17th May 2024.
Read more about house prices in NE61.
- Sold May 2024£125,000 | 2 Bed Flat11, Mill Race Court, Morpeth, NE61 1AE11, Mill Race Court, Morpeth, NE61 1AE
- Sold Oct 2023£240,000 | 2 Bed Flat10, Mill Race Court, Morpeth, NE61 1AE10, Mill Race Court, Morpeth, NE61 1AE
- Sold Jan 2023£192,000 | 2 Bed Flat12, Mill Race Court, Morpeth, NE61 1AE12, Mill Race Court, Morpeth, NE61 1AE
•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 8, Mill Race Court, Morpeth as the 20th largest and the 18th most expensive of the 25 addresses on Mill Race Court, Morpeth, NE61.
Against the NE61 postcode district average, it is £28k less expensive than the typical property.
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Schools Nearby
- 500mSt Roberts Catholic First School, Morpeth
- 1.0kmAbbeyfields First School
- 1.2kmMorpeth Stobhillgate First School
- 900mThe King Edward VI School
- 6.4kmSt Benet Biscop Catholic Academy
- 6.8kmAshington Academy
More reading links
Public Transport Nearby
Morpeth station is the nearest stop to 8, Mill Race Court, Morpeth at 600 metres away.
- 600mMorpeth
- 2.8kmPegswood
- 7.3kmAshington
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 low risk of flooding.
