55 Second Avenue

    55, SECOND AVENUE, MORPETH, NE61 2ET

    This terraced freehold property on Second Avenue last sold in August 2022 for £40,000. Based on price growth in the NE61 district since then, its estimated current value is £47,289 — placing it in the 0th percentile nationally and the 1st percentile within NE61. The property covers 39 m² (420 sq ft), giving an estimated value of £1,213 per m². The EPC rating is E, with a potential rating of C.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    39 m²

    (420 sq ft)

    Last Sale Price

    £40,000

    Aug 2022

    Estimated Valuation

    £47,289

    Est. £/m²

    £1,213/m²

    £113/sq ft

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms2
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialC
    Floor area39 m² (420 sq ft)
    EPC dateMar 2017
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    1 Aug 2022

    £40,000

    8 Jun 2017

    £46,000

    Key Metrics

    Estimated valuation£47,289
    Value per m² / sq ft£1,213/m² (£113/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE61 district percentile1st percentile
    National percentile0th percentile

    District Context — NE61

    NE61 covers the area around Morpeth and nearby settlements in central Northumberland, located between Newcastle and the Scottish border. It is a rural and semi-rural district with strong community character and good access to both countryside and urban amenities.

    Average Property Price - NE61

    £293,975

    41

    National percentile

    Average Net Household Income - NE61

    £39,988

    58

    National percentile

    10-Year Annualised Price Growth - NE61

    3.5%

    47

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE61

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