Aston Court, Horseshoe Way, Morpeth, NE61 2GN

Property Overview

Ground floor two-bedroom leasehold flat at Aston Court, Horseshoe Way, Morpeth, NE61 2GN. The property has access to a communal garden, one allocated parking bay and additional visitor parking. No onward chain.

Accommodation

• Entrance hallway
• Open-plan lounge/kitchen: 21'4 x 12'9 max points (6.50m x 3.89m max points)
• Bedroom one: 13'7 x 10'3 (4.14m x 3.12m)
• Bedroom two: 9'0 x 16'3 (2.74m x 4.95m)
• Bathroom: 7'6 x 5'7 (2.29m x 1.70m)

Location

Located on Horseshoe Way, within walking distance of the local first school and a short walk from Morpeth Town Centre.

Tenure & Key Information

• Tenure: Leasehold
• Lease: 125 years from 1 January 2018
• Ground rent: £116 per annum
• Service charge: £1,939.62 per annum
• EPC: B
• Council Tax: Band C
• Parking: One allocated parking bay and additional visitor parking
• Occupancy: Not stated
• Services: Seller advises mains gas, electricity, water and sewerage
• Very low risk of surface water flooding, as advised

Auction & Buyer Charges

• Guide Price: £145,000+
• Auction date: 30th September 2026
• Auction administration fee: £2,400 including VAT (£2,000 + VAT)
• Option 2 deposit: £3,000, which comes off the purchase price
• Buyer premium and other auction costs: not supplied

Investment Analysis

HB estimates only, not a formal valuation. The supplied three most recent Aston Court sales averaged £187,500, with a median of £180,000. The £145,000+ guide is materially below this evidence; however, individual flat details, condition, lease terms, service charges and occupancy should be verified.

• HB estimated GDV: £187,500
• HB estimated rent: £795 pcm
• HB estimated gross yield: 5.09%
• HB maximum bid: £170,000
• HB estimated all-in price at the maximum bid, including the known administration fee: £172,400
• HB estimated position against the comparable average: approximately 8.1% below £187,500
• At the £145,000 guide, the known fee produces an HB estimated all-in cost of £147,400 before any other costs

Sold Comparables

Supplied sold comparable data:

Address	Sold price	Sold date	Type	Tenure
Aston Court, Horseshoe Way, Morpeth, NE61 2GN	£207,500	28 April 2025	Flat/Maisonette	Leasehold
Aston Court, Horseshoe Way, Morpeth, NE61 2GN	£180,000	20 March 2025	Flat/Maisonette	Leasehold
Aston Court, Horseshoe Way, Morpeth, NE61 2GN	£175,000	13 September 2024	Flat/Maisonette	Leasehold
Aston Court, Horseshoe Way, Morpeth, NE61 2GN	£157,500	17 December 2021	Flat/Maisonette	Leasehold
Aston Court, Horseshoe Way, Morpeth, NE61 2GN	£183,000	16 July 2021	Flat/Maisonette	Leasehold

Rental Evidence

The only supplied rental evidence is an advertised asking rent of £795 pcm for a two-bedroom flat/apartment in Alnwick, NE66. This is not Morpeth rental evidence and is not an achieved or passing rent. The £795 pcm figure and 5.09% gross yield are HB estimates only.

Strategy & Risks

HB estimate: bid selectively below the supplied comparable evidence and do not exceed the HB maximum bid of £170,000 without further checks.

• Occupancy is not stated, so vacant possession or tenancy status is unconfirmed.
• Confirm lease terms, ground rent, service charges and other lease liabilities.
• Rental evidence is a single advertised asking rent from Alnwick rather than Morpeth.
• Property condition and refurbishment requirements are unknown.
• The comparable sales do not provide individual flat specifications or condition, limiting direct comparability.
• No buyer premium, legal costs, finance costs or other auction costs have been supplied.