Spelvit Lane - NE61 2RD
Key Postcode Insights
NE61 2RD is a residential postcode situated on Spelvit Lane, Morpeth, NE61 with 27 addresses.
It ranks as the 1176th largest and 298th 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 27 properties: 27 houses.
- Ave. Sale Price
- £184,529
- 10 Year change
- up 44.2%
- Ave. Rental Price
- £1,192pcm
- 10 Year change
- up 56.5%
- Ave. £ per ft²
- £186/ft²
- Ave. Gross Yield
- 7.8%/year/yr
Key Postcode Insights
NE61 2RD is a residential postcode situated on Spelvit Lane, Morpeth, NE61 with 27 addresses.
It ranks as the 1176th largest and 298th 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 27 properties: 27 houses.
- Ave. Sale Price
- £184,529
- 10 Year change
- up 44.2%
- Ave. Rental Price
- £1,192pcm
- 10 Year change
- up 56.5%
- Ave. £ per ft²
- £186/ft²
- Ave. Gross Yield
- 7.8%/year/yr
Explore Propertiesin NE61 2RD
- 7 Spelvit Lane
Unknown
- 8 Spelvit Lane
Unknown
- 9 Spelvit Lane
3 Bed Mid-century House
- 10 Spelvit Lane
3 Bed Early-century House
- 11 Spelvit Lane
3 Bed Mid-century House
Sales Market Trends
The last sale in NE61 2RD sold for £160,000 on 15th December 2023. Since then prices are up an average of 15.6%.
The current average value in the postcode is £184,529.
The NE61 2RD Sales Market has increased by 44.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.6% | £184,529 |
| June 2025 | 3.8% | £178,081 |
| June 2024 | 6.1% | £171,536 |
| June 2023 | 3.1% | £161,684 |
| June 2022 | 10.2% | £156,815 |
| June 2021 | 2.3% | £142,243 |
| June 2020 | 5.4% | £139,013 |
| June 2019 | 0.3% | £131,950 |
| June 2018 | 2.2% | £131,509 |
| June 2017 | 0.6% | £128,705 |
| June 2016 | 3.3% | £127,965 |
| June 2015 | 2.9% | £123,933 |
| June 2014 | 3.1% | £120,493 |
| June 2013 | -3% | £116,888 |
| June 2012 | 0.2% | £120,464 |
| June 2011 | -5.4% | £120,257 |
| June 2010 | 7.5% | £127,074 |
| June 2009 | -9% | £118,207 |
| June 2008 | 3% | £129,833 |
| June 2007 | 0% | £126,062 |
Rental Market Trends
The current average rental value in the postcode is £1,192.
The NE61 2RD Rental Market has increased by 56.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3% | £1,192pcm |
| June 2025 | 5.7% | £1,157pcm |
| June 2024 | 9.6% | £1,095pcm |
| June 2023 | 7.9% | £999pcm |
| June 2022 | 9.8% | £926pcm |
| June 2021 | 8.3% | £844pcm |
| June 2020 | -0.3% | £779pcm |
| June 2019 | 0.4% | £781pcm |
| June 2018 | 1.8% | £778pcm |
| June 2017 | 0.4% | £764pcm |
| June 2016 | 2.1% | £761pcm |
| June 2015 | 0.8% | £745pcm |
| June 2014 | 3% | £740pcm |
| June 2013 | -0.8% | £718pcm |
| June 2012 | -0.1% | £723pcm |
| June 2011 | -0.4% | £724pcm |
| June 2010 | 3.5% | £727pcm |
| June 2009 | -6.6% | £702pcm |
| June 2008 | 3.3% | £751pcm |
| June 2007 | 0% | £727pcm |
Sales History
The last sale was on 15th December 2023 for £160,000 and since then the market in the area has increased by 15.6%. The postcode has had a total of 26 sales since 1995.
NE61 2RD has seen 3 sales in the last three years and no sales in the last twelve months.
- Sold Dec 2023£160,000 | 3 Bed House9, Spelvit Lane, Morpeth, NE61 2RD9, Spelvit Lane, Morpeth, NE61 2RD
- Sold Oct 2023£152,000 | 3 Bed House24, Spelvit Lane, Morpeth, NE61 2RD24, Spelvit Lane, Morpeth, NE61 2RD
- Sold Apr 2023£124,000 | 3 Bed House33, Spelvit Lane, Morpeth, NE61 2RD33, Spelvit Lane, Morpeth, NE61 2RD
- Sold Mar 2022£128,500 | 3 Bed House10, Spelvit Lane, Morpeth, NE61 2RD10, Spelvit Lane, Morpeth, NE61 2RD
- Sold Mar 2021£120,000 | 3 Bed House26, Spelvit Lane, Morpeth, NE61 2RD26, Spelvit Lane, Morpeth, NE61 2RD
Nearby Postcodes
NE61 2RD is the 1176th largest and the 298th most expensive postcode out of the 1,363 postcodes in the NE61 area.
- NE61 2JR, Fontburn Gardens, Morpeth, NE61NE61 2JR19 Addresses|69 m away
- NE61 2RE, Priors Walk, Morpeth, NE61NE61 2RE8 Addresses|76 m away
- NE61 2JS, Highford Gardens, Morpeth, NE61NE61 2JS24 Addresses|77 m away
- NE61 2RA, Ash Grove, Morpeth, NE61NE61 2RA7 Addresses|84 m away
- NE61 2RB, Woodman Close, Morpeth, NE61NE61 2RB18 Addresses|117 m away
Property Types
- 11 mid-century houses built between 1936 and 1979
- 1 house of an unknown age
- 2 early-century houses built between 1912 and 1935
- 13 other addresses of unknown type
- mid-century house (11)
- house (1)
- early-century house (2)
- Unknown (13)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 13 properties.
- The most common rating is C.
- A (0)
- E (1)
- B (0)
- F (0)
- C (8)
- G (0)
- D (4)
- No EPC (14)
Top 3 Most Expensive Sales
- Sold Oct 2009£550,000 | 5 Bed HousePostern House, Spelvit Lane, Morpeth, NE61 2PRPostern House, Spelvit Lane, Morpeth, NE61 2PR
- Sold Jan 2023£327,500 | 4 Bed House43, Spelvit Lane, Morpeth, NE61 2AA43, Spelvit Lane, Morpeth, NE61 2AA
- Sold Jul 2024£290,000 | 3 Bed House41, Spelvit Lane, Morpeth, NE61 2AA41, Spelvit Lane, Morpeth, NE61 2AA
Schools Nearby
- Abbeyfields First School500 m away
- St Roberts Catholic First School, Morpeth800 m away
- Morpeth First School1.0 km away
- The King Edward VI School1.6 km away
- St Benet Biscop Catholic Academy6.7 km away
- Ashington Academy7.7 km away
More reading links
Public Transport Nearby
The closest station to NE61 2RD is Morpeth station, which is 900 metres away.
- Morpeth|900 m away
- Pegswood|3.8 km away
- Ashington|8.3 km away
- Bedlington|8.5 km away
