2 Lancaster Terrace, Morpeth, NE61 1TZ is a freehold terraced property built between 1930-1949. The property offers approximately 614 square feet of living space. In this location, properties of similar size usually have one bedroom.

The estimated current market value of the property is £134,094 , which equates to approximately £219 per square foot. It was last sold on 18 Nov 2022 for £123,000. Since then, the value has increased by £11,094, representing a 9.0% increase, or approximately 2.9% per year.

The current estimated value of £134,094 is:

  • 9.2% higher than the average property price on Lancaster Terrace
  • 15.8% higher than the average in the NE61 1TZ postcode area
  • and 58.3% lower than the average price for Morpeth as a whole

Based on EPC inspection history, this property has been mostly rented (2 out of 3 inspections). This suggests the property has often been rented out, which may indicate use as an investment or buy-to-let.

At the most recent EPC inspection on 25 March 2023, the property was recorded as rented.

View sold house prices in NE61 1TZ

Building approximate location

About Property

Type
Terraced House
Built
1930-1949
Interior Size
614 sq ft
Tenure
Freehold
Price (estimate)
£134,094
Price Per sq ft (estimate)
£219
Bedroom Count (estimate)
1 bedroom

EPC Summary

2 Lancaster Terrace, Morpeth, Northumberland, NE61 1TZ has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 25 Mar 2023.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 16 Aug 2022. The rating of C remains the same, but the energy efficiency score improved by 7.2%.

Since the previous assessment, several changes were observed:

  • The roof construction or insulation changed from pitched, 250 mm loft insulation to pitched, 300 mm loft insulation, improving energy efficiency from good to very good.
  • The wall construction or insulation changed from cavity wall, as built, no insulation (assumed) to cavity wall, filled cavity, improving energy efficiency from poor to average.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 300 mm loft insulation
Very Good
Walls
Cavity wall, filled cavity
Average
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Sale History

Today
£134,094
streetscan.co.uk estimate
+9 %
18 Nov 2022
£123,000
Leasehold
+46.4 %
15 Jan 2016
£84,000
Leasehold

Area Insights

Similar Properties Sold Nearby

7 Lancaster Terrace, Morpeth, NE61 1TZ
rooms: 2
size: 560 sq ft
sale price: £61,000
sale date: 10 Jan 2025
1 Lancaster Terrace, Morpeth, NE61 1TZ
rooms: 2
size: 560 sq ft
sale price: £105,000
sale date: 3 Mar 2023
4 Lancaster Terrace, Morpeth, NE61 1TZ
rooms: 4
size: 570 sq ft
sale price: £110,000
sale date: 2 Feb 2023

Data Sources

The property at 2 Lancaster Terrace, Morpeth, NE61 1TZ appears two times in the Land Registry records, with the latest transaction recorded on 18 Nov 2022. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 25 Mar 2023. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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