NE61 2GN is a residential postcode situated on Horseshoe Way, Morpeth, NE61 with 14 addresses.
It ranks as the 913th largest and 321st most expensive of the 1,363 postcodes in the NE61 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 14 properties: 14 flats.
NE61 2GN is a residential postcode situated on Horseshoe Way, Morpeth, NE61 with 14 addresses.
It ranks as the 913th largest and 321st most expensive of the 1,363 postcodes in the NE61 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 14 properties: 14 flats.
Sale prices range from £175,769 for 2 bedroom leasehold flats (667 ft2) to £197,171 for 2 bedroom leasehold flats (850 ft2) .
Monthly rental prices range from £1,054 pcm for 2 bed flats to £1,148 pcm for 2 bed flats.
The gross rental yield is between 7.0% and 7.2%.
The average value per square foot is £255.
The last sale in NE61 2GN sold for £207,500 on 28th April 2025. Since then prices are up an average of 1.4%.
The current average value in the postcode is £182,318.
The NE61 2GN Sales Market has increased by 22.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.4% | £182,318 |
| April 2025 | 2.6% | £179,832 |
| April 2024 | 5.1% | £175,230 |
| April 2023 | 1.6% | £166,730 |
| April 2022 | 6.3% | £164,039 |
| April 2021 | -0.3% | £154,301 |
| April 2020 | 4.1% | £154,712 |
| April 2019 | 0.4% | £148,570 |
| April 2018 | -0.7% | £147,952 |
| April 2017 | 0.3% | £148,970 |
| April 2016 | 2.6% | £148,575 |
| April 2015 | 1% | £144,791 |
| April 2014 | 2.3% | £143,372 |
| April 2013 | -6.3% | £140,202 |
| April 2012 | 1.2% | £149,698 |
| April 2011 | -3.9% | £147,850 |
| April 2010 | 2.8% | £153,872 |
| April 2009 | -9.2% | £149,736 |
| April 2008 | 3.3% | £164,920 |
| April 2007 | 0% | £159,694 |
The current average rental value in the postcode is £1,083.
The NE61 2GN Rental Market has increased by 35.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.3% | £1,083pcm |
| April 2025 | 5.8% | £1,059pcm |
| April 2024 | 8.6% | £1,002pcm |
| April 2023 | 5.7% | £923pcm |
| April 2022 | 6.3% | £873pcm |
| April 2021 | 4.1% | £821pcm |
| April 2020 | 1.3% | £789pcm |
| April 2019 | -0.5% | £779pcm |
| April 2018 | -2% | £783pcm |
| April 2017 | -0.3% | £799pcm |
| April 2016 | 1.4% | £801pcm |
| April 2015 | -0.1% | £790pcm |
| April 2014 | -0.3% | £791pcm |
| April 2013 | -0.7% | £793pcm |
| April 2012 | 0.5% | £799pcm |
| April 2011 | -0.1% | £795pcm |
| April 2010 | -1% | £796pcm |
| April 2009 | -3.9% | £804pcm |
| April 2008 | 1.6% | £837pcm |
| April 2007 | 0% | £823pcm |
The last sale was on 28th April 2025 for £207,500 and since then the market in the area has increased by 1.4%. The postcode has had a total of 21 sales since 1995.
NE61 2GN has seen 3 sales in the last three years and no sales in the last twelve months.
NE61 2GN is the 913th largest and the 321st most expensive postcode out of the 1,363 postcodes in the NE61 area.
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