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Chestnut Way is a residential street with 25 addresses.
It ranks as the 537th largest and 121st most expensive of the 770 streets in the NE61 area. The dominant property type is a modern house built after 1980.
The street contains a total of 25 properties: 25 houses.
Chestnut Way is a residential street with 25 addresses.
It ranks as the 537th largest and 121st most expensive of the 770 streets in the NE61 area. The dominant property type is a modern house built after 1980.
The street contains a total of 25 properties: 25 houses.
Sale prices range from £125,789 for 3 bedroom freehold houses with a garden (602 ft2) to £177,905 for 3 bedroom freehold houses with a garden (1,108 ft2) .
Monthly rental prices range from £928 pcm for 3 bed houses to £1,134 pcm for 3 bed houses.
The gross rental yield is between 7.6% and 8.9%.
The average value per square foot is £191.
The last sale on Chestnut Way sold for £140,000 on 30th November 2023. Since then prices are up an average of 10.8%.
The current average value in the street is £146,518.
The Chestnut Way Sales Market has increased by 50.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.5% | £146,518 |
| May 2025 | 3.8% | £141,555 |
| May 2024 | 4.1% | £136,436 |
| May 2023 | 2.6% | £131,008 |
| May 2022 | 11.9% | £127,727 |
| May 2021 | 8.7% | £114,152 |
| May 2020 | 3% | £105,023 |
| May 2019 | -0.5% | £101,956 |
| May 2018 | 2.1% | £102,514 |
| May 2017 | 3.3% | £100,390 |
| May 2016 | 0.3% | £97,228 |
| May 2015 | 2.7% | £96,928 |
| May 2014 | 1.8% | £94,343 |
| May 2013 | -1.5% | £92,715 |
| May 2012 | 0.5% | £94,139 |
| May 2011 | -5.1% | £93,629 |
| May 2010 | 2.6% | £98,673 |
| May 2009 | -13.3% | £96,136 |
| May 2008 | -0.5% | £110,840 |
| May 2007 | 0% | £111,391 |
The current average rental value in the street is £1,030.
The Chestnut Way Rental Market has increased by 59.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 5.3% | £1,030pcm |
| May 2025 | 7.3% | £978pcm |
| May 2024 | 9.2% | £911pcm |
| May 2023 | 6.9% | £835pcm |
| May 2022 | 10% | £781pcm |
| May 2021 | 7.5% | £710pcm |
| May 2020 | 0% | £660pcm |
| May 2019 | 0.1% | £661pcm |
| May 2018 | 2.4% | £660pcm |
| May 2017 | -0.2% | £644pcm |
| May 2016 | 1.8% | £645pcm |
| May 2015 | 0.8% | £634pcm |
| May 2014 | 2% | £629pcm |
| May 2013 | -0.9% | £617pcm |
| May 2012 | 0.4% | £622pcm |
| May 2011 | -0.9% | £620pcm |
| May 2010 | 0.8% | £625pcm |
| May 2009 | -7.7% | £621pcm |
| May 2008 | 3.2% | £673pcm |
| May 2007 | 0% | £652pcm |
The last sale was on 30th November 2023 for £140,000 and since then the market in the area has increased by 10.8%. The street has had a total of 56 sales since 1995.
Chestnut Way, Widdrington, Morpeth, NE61 has seen 5 sales in the last three years and no sales in the last twelve months.
Chestnut Way, Widdrington, Morpeth, NE61 is the 537th largest and the 121st most expensive street in the NE61 area.
There is 1 postcode on Chestnut Way, Widdrington, Morpeth, NE61.
The closest station to Chestnut Way, Widdrington, Morpeth, NE61 is Widdrington station, which is 200 metres away.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
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 Chestnut Way, Widdrington, Morpeth, NE61, 46.1% of property is privately owned with a mortgage and 27.3% is privately rented.
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 Chestnut Way, Widdrington, Morpeth, NE61, 19.6% of residents are recorded as possessing school level qualifications and 34.1% 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 Chestnut Way, Widdrington, Morpeth, NE61, 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 Chestnut Way, Widdrington, Morpeth, NE61, 1.1% 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 Chestnut Way, Widdrington, Morpeth, NE61, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.