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Morpeth House Prices Morpeth House Prices

The average house price in Morpeth is £285,817 using HM Land Registry data.

The average property price increased by £12,518 (5.01%) over the last 5 years and increased by £2,501 (0.96%) over the last 12 months.

Over the last year, there were 215 residential property sales – a decrease of 75 transactions (-34.88%) relative to the previous year. The majority of house sales (57) were in the £110,000 - £176,000 range. Then came properties in the £176,000 - £242,000 range, where 40 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 50 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,062 (-3%).

In April 2024, there were 41 new estate agency instructions, 38 agreed home sales and 11 property price reductions.

Postcodes Covered: NE61

5-Year Average Property Prices in Morpeth

5.01%

Property prices in Morpeth increased by 5.01% 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

0.96%

Property prices in Morpeth increased by 0.96% 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 Morpeth - April 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
30 Merley Gate, Morpeth, Northumberland, NE61 2EP£325,000£308,000-£17,00027 Oct 202308 Mar 2024133 Days
8 Pretoria Avenue, Morpeth, Northumberland, NE61 1QE£135,000£124,250-£10,75009 Nov 202314 Feb 202497 Days
11 Mayfield, Morpeth, Northumberland, NE61 2AG£260,000£260,000£0024 Oct 202302 Feb 2024101 Days
12 Fernway, Morpeth, Northumberland, NE61 1XJ£325,000£322,000-£3,00017 Oct 202330 Jan 2024105 Days
5 Lindisfarne Close, Morpeth, Northumberland, NE61 2UG£260,000£260,000£0021 Oct 202305 Jan 202476 Days
2 Melbourne Terrace, Morpeth, Northumberland, NE61 1TR£435,000£435,000£0004 Sep 202305 Jan 2024123 Days
11 Green Acres, Morpeth, Northumberland, NE61 2AD£245,000£225,000-£20,00011 Oct 202320 Dec 202370 Days
5 Westgate, Morpeth, Northumberland, NE61 2BH£450,000£425,000-£25,00025 Aug 202318 Dec 2023115 Days
17 The Pastures, Morpeth, Northumberland, NE61 2AH£230,000£175,000-£55,00014 Jan 202313 Dec 2023333 Days
28 Low Stobhill, Morpeth, Northumberland, NE61 2SQ£325,000£320,000-£5,00018 Jan 202311 Dec 2023327 Days
North Lodge, Southgate Wood, Morpeth, Northumberland, NE61 2EB£365,000£338,500-£26,50028 Oct 202208 Dec 2023406 Days
10 Rookswood, Morpeth, Northumberland, NE61 2UB£240,000£240,000£0001 Aug 202301 Dec 2023122 Days
21 Pretoria Avenue, Morpeth, Northumberland, NE61 1QE£150,000£145,000-£5,00007 Aug 202330 Nov 2023115 Days
4 Long Drive, Loansdean, Morpeth, Northumberland, NE61 2DN£340,000£325,000-£15,00027 Jul 202328 Nov 2023124 Days
7 Rookswood, Morpeth, Northumberland, NE61 2UB£255,000£230,000-£25,00001 Jul 202324 Nov 2023146 Days
30 Kendor Grove, Loansdean, Morpeth, Northumberland, NE61 2BU£400,000£400,000£0027 Jun 202317 Nov 2023143 Days
10 Felton Close, Morpeth, Northumberland, NE61 2TG£300,000£292,000-£8,00017 May 202310 Nov 2023177 Days
26 Brumell Drive, Lancaster Park, Morpeth, Northumberland, NE61 3RB£390,000£385,000-£5,00012 Aug 202309 Nov 202389 Days
19 The Covers, Morpeth, Northumberland, NE61 2RU£190,000£185,000-£5,00006 Dec 202206 Nov 2023335 Days
3 South Terrace, Morpeth, Northumberland, NE61 1DZ£370,000£365,000-£5,00020 Jun 202303 Nov 2023136 Days

Most Expensive Streets in Morpeth

PostcodeStreetAreaAverageNo. of Sales
NE61 1HXKings AvenueMorpeth£962,0003
NE61 3JUFulbeckMorpeth£819,6663
NE61 2ENSouthgate WoodMorpeth£760,0054
NE61 3JTFulbeckMorpeth£758,3333
NE61 3JYThe DellMorpeth£629,8333
NE61 1JTThorp AvenueMorpeth£620,8003
NE61 3GQFulbeck GrangeMorpeth£606,43112
NE61 3JPOakland ParkMorpeth£590,88813
NE61 1JRThorp AvenueMorpeth£475,1663
NE61 2FWHepscott BurnMorpeth£473,8527

Least Expensive Streets in Morpeth

PostcodeStreetAreaAverageNo. of Sales
NE61 2TPCheviot CourtMorpeth£67,2857
NE61 2HPFourth AvenueMorpeth£82,3333
NE61 2ETSecond AvenueMorpeth£86,8336
NE61 1XGWillow CloseMorpeth£100,0009
NE61 2NBRenwick WalkMorpeth£107,3256
NE61 2JATurner SquareStobhill Gate£110,0717
NE61 1HQSilvas CourtDacre Street, Morpeth£112,65026
NE61 2HXChoppington RoadMorpeth£113,7504
NE61 1TDStaithes LaneMorpeth£113,9287
NE61 2TNGrange CourtMorpeth£114,1663

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