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Company No. 11113204
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According to the public record, 5A, Oldgate, Morpeth is a period leasehold house with 376 ft2 of internal area and sits on a 108 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 5A, Oldgate, Morpeth is £170,768 and the estimated rental value is £736 per month.
Oldgate, Morpeth, NE61 is located within the NE61 postal district.
5A, Oldgate, Morpeth has a single entry in the Land Registry from December 2022 and a single entry in the EPC database dated April 2024.
We combine this information with that 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.
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 5A, Oldgate, Morpeth is in very good condition we estimate a sale value of £179,306 and a rental value of £772 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £158,814 and a rental value of £684 per month.
Over the last 12 months the sale value of 5A Oldgate Morpeth has increased by an estimated £6,686 (3.9%) and its rental value has increased by an estimated £41 per month (5.6%), giving an expected gross yield of 5.2%.
According to data from HM Land Registry, 5A, Oldgate, Morpeth sits on a plot of 108m2.
We have plot size data on 3 out of 3 other houses in the postcode and 5A, Oldgate, Morpeth sits on the 2nd largest plot.
5A, Oldgate, Morpeth has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 25 Apr 2024.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, electric.
According to HM Land Registry, 5A, Oldgate, Morpeth was last sold on 22nd December 2022 for £20,000 and was recorded as a leasehold house.
The property has only had this single sale since 1995.
Since December 2022, the market for similar properties has dropped 18.3%
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 580 metres radius of 5A, Oldgate, Morpeth over the last 2 years.
The most recent example is 6, Clock Tower Flats, Morpeth, NE61 1LY, a leasehold flat which sold for £39,500 on the 22nd December 2021.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Oldgate, Morpeth, NE61 has a total of 15 addresses. According to our analysis of all the public data, 5A, Oldgate, Morpeth is the 15th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £108k less expensive than the average property in NE61.
The closest station to 5A, Oldgate, Morpeth is Morpeth station which is 800 metres 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 5A, Oldgate, Morpeth, 51.8% of property is privately owned outright and 25.2% is privately rented.
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 5A, Oldgate, Morpeth, 13.7% of residents are recorded as possessing school level qualifications and 39.9% 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 5A, Oldgate, Morpeth, the average age was 48.3 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 5A, Oldgate, Morpeth, 0.4% 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 5A, Oldgate, Morpeth, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.
