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House Prices in NE61

The average house price in NE61 (Morpeth) is £274,695 using HM Land Registry data.

The average property price increased by £9,419 (30.75%) over the last 5 years and increased by £1,887 (4.5%) over the last 12 months.

Over the last year, there were 474 residential property sales – a decrease of 179 transactions (-37.76%) relative to the previous year. The majority of house sales (109) were in the £162,000 - £234,000 range. Then came properties in the £90,000 - £162,000 range, where 91 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 184 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,440 (-3%).

In February 2025, there were 95 new estate agency instructions, 67 agreed home sales and 32 property price reductions.

5-Year Average Property Prices in NE61 (Morpeth)

30.75%

Property prices in NE61 (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 NE61 (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.

Property Market Heat Gauge for NE61 (Morpeth) - February 2025

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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
29 Norham Drive, Morpeth, Northumberland, NE61 2XA	£300,000	£300,000	£0	14 Oct 2024	20 Dec 2024	67 Days
18 Westfield, Morpeth, Northumberland, NE61 2RG	£169,950	£120,000	-£49,950	10 Aug 2013	20 Dec 2024	4150 Days
16 Whiteacres, Morpeth, Northumberland, NE61 2UT	£329,950	£329,950	£0	20 Sep 2024	20 Dec 2024	91 Days
78 The Pastures, Morpeth, Northumberland, NE61 2AT	£278,000	£276,500	-£1,500	03 Oct 2024	18 Dec 2024	76 Days
40 Comfrey Drive, Fairmoor Meadows, Morpeth, Northumberland, NE61 3FN	£320,000	£315,000	-£5,000	03 Jun 2024	17 Dec 2024	197 Days
104 Beechlea, Stannington, Morpeth, Northumberland, NE61 6HR	£105,000	£100,000	-£5,000	13 Jun 2024	17 Dec 2024	187 Days
41 Choppington Road, Morpeth, Northumberland, NE61 2HX	£130,000	£130,000	£0	15 Aug 2024	16 Dec 2024	123 Days
12 Whinham Way, Morpeth, Northumberland, NE61 2TF	£350,000	£350,000	£0	24 Apr 2024	15 Dec 2024	235 Days
12 Windmill Heights, Ellington, Morpeth, Northumberland, NE61 5HW	£420,000	£410,000	-£10,000	24 Jun 2024	13 Dec 2024	172 Days
37 Lindisfarne Lane, Morpeth, Northumberland, NE61 2UH	£205,000	£195,000	-£10,000	21 Feb 2024	09 Dec 2024	292 Days
14 Burghley Gardens, Pegswood, Morpeth, Northumberland, NE61 6TN	£200,000	£200,000	£0	14 Feb 2024	09 Dec 2024	299 Days
7 The Chip, Loansdean, Morpeth, Northumberland, NE61 2DR	£285,000	£262,000	-£23,000	21 Aug 2024	06 Dec 2024	107 Days
11 Cresswell Road, Ellington, Morpeth, Northumberland, NE61 5HR	£265,000	£265,000	£0	19 Sep 2024	03 Dec 2024	75 Days
4 Swinneys Court, Staithes Lane, Morpeth, Northumberland, NE61 1TD	£85,000	£80,000	-£5,000	20 Mar 2024	27 Nov 2024	252 Days
1 Kirkharle Drive, Pegswood, Morpeth, Northumberland, NE61 6TE	£165,000	£165,000	£0	03 Jul 2024	25 Nov 2024	145 Days
Warenford, Main Street, Red Row, Morpeth, Northumberland, NE61 5AF	£135,000	£130,000	-£5,000	03 May 2023	25 Nov 2024	572 Days
10 Cottingvale, Morpeth, Northumberland, NE61 1DW	£650,000	£650,000	£0	02 Jul 2024	21 Nov 2024	142 Days
39 Abbots Way, Morpeth, Northumberland, NE61 2LZ	£199,950	£195,000	-£4,950	28 Jun 2024	21 Nov 2024	146 Days
14 Vanburgh Gardens, Morpeth, Northumberland, NE61 2YF	£375,000	£367,500	-£7,500	27 Jun 2024	21 Nov 2024	147 Days
16 Hollon Street, Morpeth, Northumberland, NE61 1QX	£270,000	£270,000	£0	21 May 2024	15 Nov 2024	178 Days

Most Expensive Streets in NE61 (Morpeth)

Postcode	Street	Area	Average	No. of Sales
NE61 3TU	Whalton Park, Gallowhill	Morpeth	£1,524,700	5
NE61 6BH	Gubeon Wood, Tranwell Woods	Morpeth	£1,490,625	4
NE61 6AQ	Tranwell Woods	Morpeth	£1,419,000	5
NE61 3FQ	Ashford Grove, Mitford	Morpeth	£1,044,976	7
NE61 6LH	Hepscott	Morpeth	£904,535	4
NE61 6LU	Field House Close, Hepscott	Morpeth	£848,285	7
NE61 1HX	Kings Avenue	Morpeth	£837,750	4
NE61 3JU	Fulbeck	Morpeth	£819,666	3
NE61 2EN	Southgate Wood	Morpeth	£760,005	4
NE61 3JT	Fulbeck	Morpeth	£758,333	3

Least Expensive Streets in NE61 (Morpeth)

Postcode	Street	Area	Average	No. of Sales
NE61 5TX	Eden Terrace, Lynemouth	Morpeth	£40,623	4
NE61 5TU	Eden Terrace, Lynemouth	Morpeth	£44,000	6
NE61 5TD	Dalton Avenue, Lynemouth	Morpeth	£50,833	3
NE61 5AT	Market Place, Red Row	Morpeth	£55,333	3
NE61 5UF	Chester Square, Lynemouth	Morpeth	£56,666	3
NE61 5UD	Boland Road, Lynemouth	Morpeth	£59,000	3
NE61 5TQ	Dalton Avenue, Lynemouth	Morpeth	£61,333	3
NE61 5XR	Ingleby Terrace, Lynemouth	Morpeth	£63,000	3
NE61 5TY	River View, Lynemouth	Morpeth	£64,400	5
NE61 5YG	Oakland Terrace, Lynemouth	Morpeth	£67,390	5