NE61 6TU is a residential postcode situated on Pegswood Village, Pegswood, Morpeth, NE61 with 3 addresses.
It ranks as the 317th largest and 110th most expensive of the 1,363 postcodes in the NE61 area.
The postcode contains a total of 3 properties: 3 flats.
NE61 6TU is a residential postcode situated on Pegswood Village, Pegswood, Morpeth, NE61 with 3 addresses.
It ranks as the 317th largest and 110th most expensive of the 1,363 postcodes in the NE61 area.
The postcode contains a total of 3 properties: 3 flats.
Sale prices range from £99,385 for 2 bedroom leasehold flats with a garden (588 ft2) to £102,346 for 2 bedroom leasehold flats (446 ft2) .
Monthly rental prices range from £719 pcm for 2 bed flats to £771 pcm for 2 bed flats.
The gross rental yield is between 8.7% and 9.0%.
The average value per square foot is £209.
The last sale in NE61 6TU sold for £116,064 on 24th January 2024. Since then prices are up an average of 7.4%.
The current average value in the postcode is £101,359.
The NE61 6TU Sales Market has increased by 24.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.5% | £101,359 |
| April 2025 | 2.9% | £99,893 |
| April 2024 | 4.9% | £97,046 |
| April 2023 | 1.8% | £92,486 |
| April 2022 | 7.8% | £90,859 |
| April 2021 | -0.6% | £84,301 |
| April 2020 | 3.9% | £84,791 |
| April 2019 | 0.5% | £81,627 |
| April 2018 | -0.4% | £81,187 |
| April 2017 | 0.1% | £81,479 |
| April 2016 | 1.7% | £81,426 |
| April 2015 | 0.3% | £80,076 |
| April 2014 | 1.3% | £79,857 |
| April 2013 | -5.6% | £78,829 |
| April 2012 | 0.4% | £83,486 |
| April 2011 | -5.1% | £83,156 |
| April 2010 | 1.7% | £87,643 |
| April 2009 | -10.3% | £86,167 |
| April 2008 | 3.8% | £96,085 |
| April 2007 | 0% | £92,601 |
The current average rental value in the postcode is £754.
The NE61 6TU Rental Market has increased by 36.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.4% | £754pcm |
| April 2025 | 6.2% | £736pcm |
| April 2024 | 8.4% | £693pcm |
| April 2023 | 5.8% | £640pcm |
| April 2022 | 7.8% | £605pcm |
| April 2021 | 3.5% | £561pcm |
| April 2020 | 1% | £542pcm |
| April 2019 | -0.4% | £537pcm |
| April 2018 | -1.6% | £539pcm |
| April 2017 | -0.6% | £548pcm |
| April 2016 | 0.6% | £551pcm |
| April 2015 | -0.8% | £548pcm |
| April 2014 | -1.3% | £552pcm |
| April 2013 | 0.1% | £559pcm |
| April 2012 | -0.3% | £559pcm |
| April 2011 | -1.3% | £561pcm |
| April 2010 | -2% | £568pcm |
| April 2009 | -4.9% | £580pcm |
| April 2008 | 2.3% | £610pcm |
| April 2007 | 0% | £597pcm |
The last sale was on 24th January 2024 for £116,064 and since then the market in the area has increased by 7.4%. The postcode has had a total of 9 sales since 1995.
NE61 6TU has seen 1 sale in the last three years and no sales in the last twelve months.
NE61 6TU is the 317th largest and the 110th most expensive postcode out of the 1,363 postcodes in the NE61 area.
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