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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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According to the public record, Gigam is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,960 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Gigam is £1,144,082 and the estimated rental value is £3,750 per month.
Morpeth, NE61 is located within the NE61 postal district.
Gigam has a single entry in the Land Registry from September 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 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 Gigam is in very good condition we estimate a sale value of £1,201,287 and a rental value of £3,938 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,063,997 and a rental value of £3,488 per month.
Over the last 12 months the sale value of Gigam has increased by an estimated £4,918 (0.4%) and its rental value has increased by an estimated £48 per month (1.3%), giving an expected gross yield of 3.9%.
According to HM Land Registry, Gigam was last sold on 16th September 2008 for £900,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since September 2008, the market for similar properties has risen 45.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Gigam within a radius of 1.1 kilometres over the last 2 years.
The most recent example is 7, De Merley Road, Morpeth, NE61 1HZ, a freehold house which sold for £985,000 on the 31st October 2023.
Read more about house prices in NE61.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Morpeth, NE61 has a total of 243 addresses. According to our analysis of all the public data, Gigam is the 30th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £866k more expensive than the average property in NE61.
The closest station to Gigam is Morpeth station which is 1.9 kilometres away.
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 Gigam, 63.2% of property is privately owned outright and 27.2% 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 Gigam, 14.2% of residents are recorded as possessing school level qualifications and 52.2% 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 Gigam, 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 Gigam, 1.3% 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 Gigam, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.
