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House Prices in NE61 House Prices in NE61 (Morpeth)

The average house price in NE61 (Morpeth) is £279,351 using HM Land Registry data.

The average property price increased by £4,751 (30.75%) over the last 5 years and increased by £952 (4.5%) over the last 12 months.

Over the last year, there were 442 residential property sales – a decrease of 250 transactions (-56.56%) relative to the previous year. The majority of house sales (97) were in the £160,000 - £230,000 range. Then came properties in the £90,000 - £160,000 range, where 88 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,577 (-3%).

In Dec 24, there were 55 new estate agency instructions, 28 agreed home sales and 24 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) - Dec 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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
10 Cottingvale, Morpeth, Northumberland, NE61 1DW£650,000£650,000£0002 Jul 202421 Nov 2024142 Days
16 Hollon Street, Morpeth, Northumberland, NE61 1QX£270,000£270,000£0021 May 202415 Nov 2024178 Days
16 Dalton Avenue, Lynemouth, Morpeth, Northumberland, NE61 5TQ£65,000£62,000-£3,00008 Jun 202415 Nov 2024160 Days
15 Sycamore Close, Widdrington, Morpeth, Northumberland, NE61 5PP£370,000£352,500-£17,50017 Apr 202406 Nov 2024203 Days
17 Great North Road, Clifton, Morpeth, Northumberland, NE61 6DQ£875,000£765,000-£110,00001 Jun 202304 Nov 2024522 Days
7 Carlisle View, Morpeth, Northumberland, NE61 1LW£110,000£110,000£0024 May 202401 Nov 2024161 Days
18 Stanton Drive, Pegswood, Morpeth, Northumberland, NE61 6YW£175,000£170,000-£5,00017 May 202430 Oct 2024166 Days
10 Stobhill Villas, Morpeth, Northumberland, NE61 2SH£275,000£275,000£0010 Jul 202429 Oct 2024111 Days
31 St Aidans Crescent, Morpeth, Northumberland, NE61 2UP£210,000£185,000-£25,00030 Jul 202425 Oct 202487 Days
29 Micklewood Close, Longhirst, Morpeth, Northumberland, NE61 3LP£267,500£267,500£0003 Jul 202425 Oct 2024114 Days
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

Most Expensive Streets in NE61 (Morpeth)

PostcodeStreetAreaAverageNo. of Sales
NE61 3TUWhalton Park, GallowhillMorpeth£1,524,7005
NE61 6BHGubeon Wood, Tranwell WoodsMorpeth£1,490,6254
NE61 6AQTranwell WoodsMorpeth£1,419,0005
NE61 3FQAshford Grove, MitfordMorpeth£1,055,8056
NE61 6LHHepscottMorpeth£896,0463
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

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 5UDBoland Road, LynemouthMorpeth£59,0003
NE61 5XRIngleby Terrace, LynemouthMorpeth£63,0003
NE61 5TYRiver View, LynemouthMorpeth£64,4005
NE61 5XUHenley Square, LynemouthMorpeth£67,3333
NE61 5YGOakland Terrace, LynemouthMorpeth£67,3905
NE61 2TPCheviot CourtMorpeth£70,1427

Explore NE61 (Morpeth) using map

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