NE61 5AE is a residential postcode situated on Main Street, Red Row, Morpeth, NE61 with 8 addresses.
It ranks as the 649th largest and 102nd most expensive of the 1,363 postcodes in the NE61 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 8 properties: 3 houses and 5 flats.
NE61 5AE is a residential postcode situated on Main Street, Red Row, Morpeth, NE61 with 8 addresses.
It ranks as the 649th largest and 102nd most expensive of the 1,363 postcodes in the NE61 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 8 properties: 3 houses and 5 flats.
Sale prices range from £102,346 for 2 bedroom leasehold flats (516 ft2) to £540,023 for 5 bedroom freehold houses with a garden (2,981 ft2) .
Monthly rental prices range from £771 pcm for 2 bed flats to £2,052 pcm for 5 bed houses.
The gross rental yield is between 4.6% and 9.0%.
The average value per square foot is £198.
The last sale in NE61 5AE sold for £120,000 on 30th June 2023. Since then prices are up an average of 38.2%.
The current average value in the postcode is £201,618.
The NE61 5AE Sales Market has increased by 48.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.3% | £201,618 |
| April 2025 | 2.6% | £199,113 |
| April 2024 | 3.6% | £194,107 |
| April 2023 | 3.9% | £187,403 |
| April 2022 | 13.9% | £180,415 |
| April 2021 | 9.8% | £158,383 |
| April 2020 | -0.7% | £144,190 |
| April 2019 | -0.4% | £145,232 |
| April 2018 | 1.2% | £145,833 |
| April 2017 | 6.3% | £144,174 |
| April 2016 | -1% | £135,573 |
| April 2015 | 5.8% | £136,926 |
| April 2014 | -3% | £129,466 |
| April 2013 | 1.9% | £133,402 |
| April 2012 | 2.2% | £130,864 |
| April 2011 | 1% | £128,077 |
| April 2010 | 0% | £126,791 |
| April 2009 | -7.5% | £126,808 |
| April 2008 | 3.1% | £137,153 |
| April 2007 | 0% | £132,978 |
The current average rental value in the postcode is £1,090.
The NE61 5AE Rental Market has increased by 42.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.4% | £1,090pcm |
| April 2025 | 8.8% | £1,054pcm |
| April 2024 | 8.6% | £969pcm |
| April 2023 | 6.2% | £892pcm |
| April 2022 | 5.7% | £840pcm |
| April 2021 | 3.3% | £794pcm |
| April 2020 | 0.1% | £769pcm |
| April 2019 | -0.3% | £769pcm |
| April 2018 | 1.8% | £771pcm |
| April 2017 | -0.9% | £758pcm |
| April 2016 | 1.1% | £765pcm |
| April 2015 | 1.9% | £756pcm |
| April 2014 | -0.2% | £742pcm |
| April 2013 | 1.5% | £744pcm |
| April 2012 | -0.6% | £733pcm |
| April 2011 | 1.1% | £738pcm |
| April 2010 | -1.4% | £730pcm |
| April 2009 | -5.8% | £740pcm |
| April 2008 | 4.4% | £786pcm |
| April 2007 | 0% | £753pcm |
The last sale was on 30th June 2023 for £120,000 and since then the market in the area has increased by 38.2%. The postcode has had a total of 4 sales since 1995.
NE61 5AE has seen 1 sale in the last three years and no sales in the last twelve months.
NE61 5AE is the 649th largest and the 102nd most expensive postcode out of the 1,363 postcodes in the NE61 area.
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According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around NE61 5AE, 40.8% of property is privately owned outright and 25.7% is privately owned with a mortgage.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NE61 5AE, 9.5% of residents are recorded as possessing school level qualifications and 23.6% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around NE61 5AE, the average age was 45 and the most common age was 62.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NE61 5AE, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NE61 5AE, there are an average of 1.3 cars per household.
See below for how this compares to North East and the rest of England & Wales.