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House Prices in NE61 House Prices in NE61 (Morpeth)

The average house price in NE61 (Morpeth) is £239,275 using HM Land Registry data.

The average property price increased by £2,253 (30.75%) over the last 5 years and increased by £451 (4.5%) over the last 12 months.

Over the last year, there were 412 residential property sales – a decrease of 285 transactions (-69.17%) relative to the previous year. The majority of house sales (95) were in the £162,000 - £234,000 range. Then came properties in the £90,000 - £162,000 range, where 93 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 47 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,062 (-3%).

In Oct 24, there were 98 new estate agency instructions, 64 agreed home sales and 47 property price reductions.

Nearby Postcodes: NE12, NE13, NE15, NE18, NE19, NE20, NE22, NE23, NE24, NE25, NE27, NE3, NE45, NE46, NE48, NE5, NE62, NE63, NE64, NE65, NE66, TD5, TD8

5-Year Average Property Prices in NE61 (Morpeth)

30.75%

Property prices in Morpeth increased by 30.75% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NE61 (Morpeth) Over the Last Year

4.5%

Property prices in Morpeth increased by 4.5% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for NE61 (Morpeth) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NE61 (Morpeth)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NE61 (Morpeth)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NE61 (Morpeth)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NE61 (Morpeth) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE61 postcode area since 1995.

Recent Sales in NE61 (Morpeth)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Morrison Road, Morpeth, Northumberland, NE61 1JP£364,950£335,000-£29,95025 Mar 202421 Aug 2024149 Days
4a, Kings Avenue, Morpeth, Northumberland, NE61 1HX£475,000£465,000-£10,00027 Mar 202420 Aug 2024146 Days
19 Jersey Square, Lynemouth, Morpeth, Northumberland, NE61 5XZ£78,000£73,500-£4,50009 Jan 202419 Aug 2024223 Days
61 Bluebell Drive, Blossom Park, Morpeth, Northumberland, NE61 6FS£290,000£290,000£0026 May 202316 Aug 2024448 Days
49 Park Road, Lynemouth, Morpeth, Northumberland, NE61 5XJ£84,950£80,000-£4,95009 May 202416 Aug 202499 Days
9 Chibburn Court, Widdrington, Morpeth, Northumberland, NE61 5QT£480,000£477,500-£2,50022 Mar 202402 Aug 2024133 Days
43 Shadfen Crescent, Pegswood, Morpeth, Northumberland, NE61 6SD£89,950£89,950£0023 Feb 202402 Aug 2024161 Days
11 Pretoria Avenue, Morpeth, Northumberland, NE61 1QE£115,000£113,000-£2,00021 Mar 202402 Aug 2024134 Days
21 Eden Grove, Morpeth, Northumberland, NE61 2UN£260,000£260,000£0017 Mar 202401 Aug 2024137 Days
22 Oakland Terrace, Lynemouth, Morpeth, Northumberland, NE61 5YG£120,000£115,000-£5,00002 Oct 202331 Jul 2024303 Days
18 Mayfield, Morpeth, Northumberland, NE61 2AG£210,000£200,000-£10,00007 Mar 202431 Jul 2024146 Days
24 Maple Drive, Widdrington, Morpeth, Northumberland, NE61 5PF£115,000£115,000£0009 May 202426 Jul 202478 Days
12 St Marys Field, Morpeth, Northumberland, NE61 2QB£210,000£210,000£0020 Feb 202426 Jul 2024157 Days
15 Mile Road, Widdrington, Morpeth, Northumberland, NE61 5QL£130,000£119,828-£10,17209 Feb 202417 Jul 2024159 Days
12 St Marks Street, Morpeth, Northumberland, NE61 1QY£234,950£232,500-£2,45002 Jan 202416 Jul 2024196 Days
27 Castle Close, Morpeth, Northumberland, NE61 2LL£165,000£162,500-£2,50008 Feb 202412 Jul 2024155 Days
19 Dawson Place, Morpeth, Northumberland, NE61 1AQ£115,000£115,000£0026 Apr 202412 Jul 202477 Days
1 Woodman Close, Morpeth, Northumberland, NE61 2RB£215,000£205,000-£10,00018 Apr 202411 Jul 202484 Days
19 Olympia Hill, Morpeth, Northumberland, NE61 1JH£280,000£271,500-£8,50004 Jan 202409 Jul 2024187 Days
15 Loansdean Wood, Morpeth, Northumberland, NE61 2FB£499,950£312,000-£187,95014 Aug 201502 Jul 20243245 Days

Most Expensive Streets in NE61 (Morpeth)

PostcodeStreetAreaAverageNo. of Sales
NE61 3TUWhalton Park, GallowhillMorpeth£1,598,7504
NE61 6BHGubeon Wood, Tranwell WoodsMorpeth£1,490,6254
NE61 6AQTranwell WoodsMorpeth£1,419,0005
NE61 3FQAshford Grove, MitfordMorpeth£1,055,8056
NE61 6LUField House Close, HepscottMorpeth£848,2857
NE61 1HXKings AvenueMorpeth£837,7504
NE61 3JUFulbeckMorpeth£819,6663
NE61 2ENSouthgate WoodMorpeth£760,0054
NE61 3JTFulbeckMorpeth£758,3333
NE61 3DTTritlingtonMorpeth£674,2504

Least Expensive Streets in NE61 (Morpeth)

PostcodeStreetAreaAverageNo. of Sales
NE61 5TXEden Terrace, LynemouthMorpeth£40,6234
NE61 5TUEden Terrace, LynemouthMorpeth£44,0006
NE61 5TDDalton Avenue, LynemouthMorpeth£50,8333
NE61 5UFChester Square, LynemouthMorpeth£56,6663
NE61 5TYRiver View, LynemouthMorpeth£58,3005
NE61 5UDBoland Road, LynemouthMorpeth£59,0003
NE61 5XRIngleby Terrace, LynemouthMorpeth£63,0003
NE61 5YJBridge Road, LynemouthMorpeth£66,0005
NE61 5XUHenley Square, LynemouthMorpeth£67,3333
NE61 5YGOakland Terrace, LynemouthMorpeth£67,3905

Explore NE61 (Morpeth) using map

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