5A, Norman Terrace
5A, Norman Terrace
Description & Estimates
The public record describes 5A, Norman Terrace, Morpeth as a period apartment with 527 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
5A, Norman Terrace, Morpeth has an estimated sale value of £89,383 and an estimated rental value of £715 per month, assuming reasonable condition and based on the information available.
The apartment sits within 5, Norman Terrace, Morpeth, NE61.
Norman Terrace, Morpeth, NE61 lies within the NE61 postal district.
Our Data Sources
5A, Norman Terrace, Morpeth has no recent1 records in the the Land Registry and a single entry in the EPC database dated July 2021.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 5A, Norman Terrace, Morpeth would be worth £93,853, with a potential rental value of £751 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £83,127, with a rental value of £665 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 5A, Norman Terrace, Morpeth has risen by £473 (0.5%) over the last year. During the same period, its estimated monthly rental value has moved up by £15 (2.1%). The property's estimated gross yield is currently 9.6%.
Energy Efficiency
5A, Norman Terrace, Morpeth has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Jul 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
5A, Norman Terrace, Morpeth last changed hands on 10th October 2003, selling for £59,995. The transaction was logged as a leasehold flat by HM Land Registry.
In total it has sold twice since 1995.
- Sold Oct 2003£59,995
- Sold Jan 2002£32,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 2 sales of comparable properties within 770 metres of 5A, Norman Terrace, Morpeth across the last 2 years.
Most recently, Flat 2, Phoenix Yard, Bridge Street, Morpeth, NE61 1PQ, a leasehold flat, sold at £75,000 on the 10th May 2019.
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
Our analysis of the public data ranks 5A, Norman Terrace, Morpeth as the 13th largest and the 13th most expensive of the 14 addresses on Norman Terrace, Morpeth, NE61.
Against the NE61 postcode district average, it is £191k less expensive than the typical property.
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Schools Nearby
- 800mSt Roberts Catholic First School, Morpeth
- 900mMorpeth Stobhillgate First School
- 1.2kmAbbeyfields First School
- 1.2kmThe King Edward VI School
- 6.1kmSt Benet Biscop Catholic Academy
- 6.5kmAshington Academy
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Public Transport Nearby
Morpeth station is the nearest stop to 5A, Norman Terrace, Morpeth at 500 metres away.
- 500mMorpeth
- 2.6kmPegswood
- 7.1kmAshington
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.
