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Morpeth House Prices

The average house price in Morpeth is £201,850 using HM Land Registry data.

The average property price increased by £21,026 (8.55%) over the last 5 years and increased by £4,204 (1.6%) over the last 12 months.

Over the last year, there were 217 residential property sales – a decrease of 77 transactions (-35.48%) relative to the previous year. The majority of house sales (55) were in the £120,000 - £180,000 range. Then came properties in the £300,000 - £360,000 range, where 34 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 54 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,062 (-3%).

In June 2024, there were 31 new estate agency instructions, 26 agreed home sales and 18 property price reductions.

5-Year Average Property Prices in Morpeth

8.55%

Property prices in Morpeth increased by 8.55% 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 Morpeth Over the Last Year

1.6%

Property prices in Morpeth increased by 1.6% 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 Morpeth - June 2024

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 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 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 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 Morpeth since 1995

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

Recent Property Sales in Morpeth

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
3 Hawthorn Court, Morpeth, Northumberland, NE61 2LF	£145,000	£140,000	-£5,000	06 Oct 2023	14 May 2024	221 Days
8 The Steads, Morpeth, Northumberland, NE61 2EG	£189,950	£181,500	-£8,450	29 Dec 2023	09 May 2024	132 Days
102 Abbey Meadows, Morpeth, Northumberland, NE61 2XZ	£275,000	£265,000	-£10,000	29 Feb 2024	30 Apr 2024	61 Days
42 Castle Close, Morpeth, Northumberland, NE61 2LJ	£140,000	£137,500	-£2,500	22 Aug 2023	29 Apr 2024	251 Days
58 Lindisfarne Lane, Morpeth, Northumberland, NE61 2UL	£350,000	£335,000	-£15,000	03 Nov 2023	26 Apr 2024	175 Days
3 Armstrong Terrace, Morpeth, Northumberland, NE61 1UP	£135,000	£130,000	-£5,000	19 Oct 2023	26 Apr 2024	190 Days
8 Eden Grove, Morpeth, Northumberland, NE61 2UN	£175,000	£175,000	£00	23 Aug 2023	19 Apr 2024	240 Days
26 Boundary Drive, Morpeth, Northumberland, NE61 2RX	£330,000	£310,000	-£20,000	28 Dec 2023	12 Apr 2024	106 Days
Bolland House, Bullers Green, Morpeth, Northumberland, NE61 1DE	£485,000	£460,000	-£25,000	22 Mar 2023	10 Apr 2024	385 Days
34 Curlew Hill, Lancaster Park, Morpeth, Northumberland, NE61 3SH	£395,000	£380,000	-£15,000	05 Aug 2023	08 Apr 2024	247 Days
10 Charlton Gardens, Morpeth, Northumberland, NE61 2HG	£240,000	£240,000	£00	27 Sep 2023	28 Mar 2024	183 Days
49 Shields Road, Morpeth, Northumberland, NE61 2SA	£125,000	£120,000	-£5,000	30 Nov 2023	26 Mar 2024	117 Days
49 Grange Road, Morpeth, Northumberland, NE61 2UF	£249,950	£234,000	-£15,950	04 Oct 2023	22 Mar 2024	170 Days
39 Castle Close, Morpeth, Northumberland, NE61 2LL	£175,000	£170,000	-£5,000	17 Aug 2023	18 Mar 2024	214 Days
30 Merley Gate, Morpeth, Northumberland, NE61 2EP	£325,000	£308,000	-£17,000	27 Oct 2023	08 Mar 2024	133 Days
8 Northbourne Avenue, Morpeth, Northumberland, NE61 1JG	£295,000	£295,000	£00	28 Nov 2023	08 Mar 2024	101 Days
6 Alder Close, Morpeth, Northumberland, NE61 1XH	£330,000	£320,000	-£10,000	01 Sep 2023	23 Feb 2024	175 Days
27 Olympia Gardens, Morpeth, Northumberland, NE61 1JQ	£155,000	£155,000	£00	11 Nov 2023	19 Feb 2024	100 Days
8 Pretoria Avenue, Morpeth, Northumberland, NE61 1QE	£135,000	£124,250	-£10,750	09 Nov 2023	14 Feb 2024	97 Days
11 Mayfield, Morpeth, Northumberland, NE61 2AG	£260,000	£260,000	£00	24 Oct 2023	02 Feb 2024	101 Days

Most Expensive Streets in Morpeth

Postcode	Street	Area	Average	No. of Sales
NE61 1HX	Kings Avenue	Morpeth	£962,000	3
NE61 3JU	Fulbeck	Morpeth	£819,666	3
NE61 2EN	Southgate Wood	Morpeth	£760,005	4
NE61 3JT	Fulbeck	Morpeth	£758,333	3
NE61 3JY	The Dell	Morpeth	£629,833	3
NE61 1JT	Thorp Avenue	Morpeth	£620,800	3
NE61 3GQ	Fulbeck Grange	Morpeth	£599,398	13
NE61 3JP	Oakland Park	Morpeth	£589,133	12
NE61 1JR	Thorp Avenue	Morpeth	£475,166	3
NE61 2FW	Hepscott Burn	Morpeth	£473,852	7

Least Expensive Streets in Morpeth

Postcode	Street	Area	Average	No. of Sales
NE61 2TP	Cheviot Court	Morpeth	£67,285	7
NE61 2HP	Fourth Avenue	Morpeth	£82,333	3
NE61 2ET	Second Avenue	Morpeth	£89,200	5
NE61 1XG	Willow Close	Morpeth	£100,000	9
NE61 2HQ	Second Avenue	Morpeth	£101,833	3
NE61 2NB	Renwick Walk	Morpeth	£107,325	6
NE61 2JA	Turner Square	Stobhill Gate	£110,071	7
NE61 1HQ	Silvas Court	Dacre Street, Morpeth	£111,156	25
NE61 2HX	Choppington Road	Morpeth	£113,750	4
NE61 1TD	Staithes Lane	Morpeth	£113,928	7