Abbots Way - NE61 2LZ
Key Postcode Insights
NE61 2LZ is a residential postcode situated on Abbots Way, Morpeth, NE61 with 24 addresses.
It ranks as the 1145th largest and 382nd most expensive of the 1,363 postcodes in the NE61 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 24 properties: 24 houses.
- Ave. Sale Price
- £200,157
- 10 Year change
- up 45.8%
- Ave. Rental Price
- £1,280pcm
- 10 Year change
- up 58.3%
- Ave. £ per ft²
- £223/ft²
- Ave. Gross Yield
- 7.7%/year/yr
Key Postcode Insights
NE61 2LZ is a residential postcode situated on Abbots Way, Morpeth, NE61 with 24 addresses.
It ranks as the 1145th largest and 382nd most expensive of the 1,363 postcodes in the NE61 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 24 properties: 24 houses.
- Ave. Sale Price
- £200,157
- 10 Year change
- up 45.8%
- Ave. Rental Price
- £1,280pcm
- 10 Year change
- up 58.3%
- Ave. £ per ft²
- £223/ft²
- Ave. Gross Yield
- 7.7%/year/yr
Explore Propertiesin NE61 2LZ
- School House
3 Bed Mid-century House
- 37 Abbots Way
3 Bed Mid-century House
- 39 Abbots Way
3 Bed Mid-century House
- 41 Abbots Way
3 Bed Mid-century House
- 42 Abbots Way
Unknown
Sales Market Trends
The last sale in NE61 2LZ sold for £195,000 on 21st November 2024. Since then prices are up an average of 8.0%.
The current average value in the postcode is £200,157.
The NE61 2LZ Sales Market has increased by 45.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4% | £200,157 |
| June 2025 | 4.2% | £192,508 |
| June 2024 | 6.2% | £184,821 |
| June 2023 | 2.9% | £174,003 |
| June 2022 | 10.5% | £169,132 |
| June 2021 | 2.6% | £153,105 |
| June 2020 | 5.4% | £149,229 |
| June 2019 | 0.3% | £141,622 |
| June 2018 | 2.4% | £141,232 |
| June 2017 | 0.5% | £137,953 |
| June 2016 | 3.2% | £137,302 |
| June 2015 | 2.8% | £133,074 |
| June 2014 | 3.1% | £129,498 |
| June 2013 | -3.2% | £125,622 |
| June 2012 | 0.2% | £129,719 |
| June 2011 | -5.6% | £129,412 |
| June 2010 | 6.9% | £137,055 |
| June 2009 | -9.5% | £128,208 |
| June 2008 | 2.6% | £141,624 |
| June 2007 | 0% | £138,046 |
Rental Market Trends
The current average rental value in the postcode is £1,280.
The NE61 2LZ Rental Market has increased by 58.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.3% | £1,280pcm |
| June 2025 | 6% | £1,239pcm |
| June 2024 | 9.7% | £1,168pcm |
| June 2023 | 7.7% | £1,065pcm |
| June 2022 | 10% | £989pcm |
| June 2021 | 8.6% | £899pcm |
| June 2020 | -0.3% | £828pcm |
| June 2019 | 0.3% | £830pcm |
| June 2018 | 2% | £828pcm |
| June 2017 | 0.3% | £811pcm |
| June 2016 | 2% | £809pcm |
| June 2015 | 0.7% | £793pcm |
| June 2014 | 3% | £787pcm |
| June 2013 | -1% | £764pcm |
| June 2012 | 0% | £771pcm |
| June 2011 | -0.6% | £771pcm |
| June 2010 | 2.9% | £776pcm |
| June 2009 | -7.1% | £754pcm |
| June 2008 | 2.9% | £811pcm |
| June 2007 | 0% | £788pcm |
Sales History
The last sale was on 21st November 2024 for £195,000 and since then the market in the area has increased by 8.0%. The postcode has had a total of 27 sales since 1995.
NE61 2LZ has seen 3 sales in the last three years and no sales in the last twelve months.
- Sold Nov 2024£195,000 | 3 Bed House39, Abbots Way, Morpeth, NE61 2LZ39, Abbots Way, Morpeth, NE61 2LZ
- Sold Sep 2024£195,000 | 3 Bed House54, Abbots Way, Morpeth, NE61 2LZ54, Abbots Way, Morpeth, NE61 2LZ
- Sold May 2024£216,000 | 4 Bed House43, Abbots Way, Morpeth, NE61 2LZ43, Abbots Way, Morpeth, NE61 2LZ
- Sold Aug 2021£162,000 | 3 Bed House50, Abbots Way, Morpeth, NE61 2LZ50, Abbots Way, Morpeth, NE61 2LZ
- Sold Jun 2021£130,000 | 3 Bed House37, Abbots Way, Morpeth, NE61 2LZ37, Abbots Way, Morpeth, NE61 2LZ
Nearby Postcodes
NE61 2LZ is the 1145th largest and the 382nd most expensive postcode out of the 1,363 postcodes in the NE61 area.
- NE61 2NA, Woodhill Drive, Morpeth, NE61NE61 2NA22 Addresses|69 m away
- NE61 2LX, Church Walk, Morpeth, NE61NE61 2LX9 Addresses|73 m away
- NE61 2NE, Clarks Field, Morpeth, NE61NE61 2NE20 Addresses|97 m away
- NE61 2LY, Abbots Way, Morpeth, NE61NE61 2LY36 Addresses|125 m away
- NE61 2PN, Ogle Avenue, Morpeth, NE61NE61 2PN19 Addresses|140 m away
Property Types
- 16 mid-century houses built between 1936 and 1979
- 2 houses of an unknown age
- 1 early-century house built between 1912 and 1935
- 5 other addresses of unknown type
- mid-century house (16)
- house (2)
- early-century house (1)
- Unknown (5)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 17 properties.
- The most common rating is C.
- A (0)
- E (3)
- B (1)
- F (0)
- C (8)
- G (0)
- D (5)
- No EPC (7)
Top 3 Most Expensive Sales
- Sold Jul 2024£231,500 | 3 Bed House36, Abbots Way, Morpeth, NE61 2LY36, Abbots Way, Morpeth, NE61 2LY
- Sold May 2024£216,000 | 4 Bed House43, Abbots Way, Morpeth, NE61 2LZ43, Abbots Way, Morpeth, NE61 2LZ
- Sold Apr 2026£210,000 | 3 Bed House11, Abbots Way, Morpeth, NE61 2LY11, Abbots Way, Morpeth, NE61 2LY
Schools Nearby
- Abbeyfields First School100 m away
- St Roberts Catholic First School, Morpeth500 m away
- Morpeth All Saints Church of England First School1.2 km away
- The King Edward VI School1.1 km away
- St Benet Biscop Catholic Academy6.9 km away
- Ashington Academy7.7 km away
More reading links
Public Transport Nearby
The closest station to NE61 2LZ is Morpeth station, which is 1.0 kilometres away.
- Morpeth|1.0 km away
- Pegswood|3.7 km away
- Ashington|8.2 km away
- Bedlington|8.6 km away
