Melbourne Terrace - NE61 1TR
Key Street Insights
Melbourne Terrace is a residential street with 4 addresses.
It ranks as the 89th largest of the 770 streets in the NE61 area.
The street contains a total of 4 properties: 2 houses and 2 other properties.
- Ave. Sale Price
- £420,538
- 10 Year change
- up 37.1%
- Ave. Rental Price
- £2,154pcm
- 10 Year change
- up 50.9%
- Ave. £ per ft²
- £197/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Key Street Insights
Melbourne Terrace is a residential street with 4 addresses.
It ranks as the 89th largest of the 770 streets in the NE61 area.
The street contains a total of 4 properties: 2 houses and 2 other properties.
- Ave. Sale Price
- £420,538
- 10 Year change
- up 37.1%
- Ave. Rental Price
- £2,154pcm
- 10 Year change
- up 50.9%
- Ave. £ per ft²
- £197/ft²
- Ave. Gross Yield
- 6.1%/year/yr
Explore Properties on Melbourne Terrace, Morpeth, NE61
- 1 Melbourne Terrace
4 Bed Period House
- 2 Melbourne Terrace
5 Bed Period House
- 3 Melbourne Terrace
House
- 4 Melbourne Terrace
House
Sales Market Trends
The last sale on Melbourne Terrace sold for £365,000 on 15th November 2024. Since then prices are up an average of 3.5%.
The current average value in the street is £420,538.
The Melbourne Terrace Sales Market has increased by 37.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | 1.5% | £420,538 |
| July 2025 | 2.4% | £414,133 |
| July 2024 | 6% | £404,400 |
| July 2023 | 3.5% | £381,625 |
| July 2022 | 9% | £368,661 |
| July 2021 | 2% | £338,346 |
| July 2020 | 5.2% | £331,762 |
| July 2019 | 0.8% | £315,314 |
| July 2018 | 1.4% | £312,823 |
| July 2017 | 0.6% | £308,604 |
| July 2016 | 3.5% | £306,782 |
| July 2015 | 3.6% | £296,409 |
| July 2014 | 2.2% | £286,148 |
| July 2013 | -0.1% | £279,969 |
| July 2012 | -0.9% | £280,363 |
| July 2011 | -5.3% | £282,905 |
| July 2010 | 9.3% | £298,647 |
| July 2009 | -5.7% | £273,169 |
| July 2008 | 3.1% | £289,694 |
| July 2007 | 0% | £281,109 |
Rental Market Trends
The current average rental value in the street is £2,154.
The Melbourne Terrace Rental Market has increased by 50.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| July 2026 | 2.3% | £2,154pcm |
| July 2025 | 3.5% | £2,105pcm |
| July 2024 | 9.5% | £2,033pcm |
| July 2023 | 8.4% | £1,856pcm |
| July 2022 | 9.5% | £1,712pcm |
| July 2021 | 8% | £1,563pcm |
| July 2020 | -0.5% | £1,446pcm |
| July 2019 | 0.5% | £1,454pcm |
| July 2018 | 1.2% | £1,447pcm |
| July 2017 | 0.2% | £1,430pcm |
| July 2016 | 2.9% | £1,427pcm |
| July 2015 | 2.4% | £1,387pcm |
| July 2014 | 2.3% | £1,354pcm |
| July 2013 | 0.4% | £1,324pcm |
| July 2012 | -1.8% | £1,319pcm |
| July 2011 | 1.1% | £1,343pcm |
| July 2010 | 5.2% | £1,329pcm |
| July 2009 | -3.9% | £1,263pcm |
| July 2008 | 1.6% | £1,313pcm |
| July 2007 | 0% | £1,293pcm |
Sales History
The last recorded sale was on 15th November 2024 for £365,000 and since then the market in the area has increased by 3.5%.
Melbourne Terrace, Morpeth, NE61 has had 3 sales since 1995, with 2 in the last three years and none in the last twelve months.
- Sold Nov 2024£365,000 | 4 Bed House1, Melbourne Terrace, Morpeth, NE61 1TR1, Melbourne Terrace, Morpeth, NE61 1TR
- Sold Jan 2024£435,000 | 5 Bed House2, Melbourne Terrace, Morpeth, NE61 1TR2, Melbourne Terrace, Morpeth, NE61 1TR
- Sold Jun 2019£315,000 | 5 Bed House2, Melbourne Terrace, Morpeth, NE61 1TR2, Melbourne Terrace, Morpeth, NE61 1TR
Top 3 Most Expensive Sales
- Sold Jan 2024£435,000 | 5 Bed House2, Melbourne Terrace, Morpeth, NE61 1TR2, Melbourne Terrace, Morpeth, NE61 1TR
- Sold Nov 2024£365,000 | 4 Bed House1, Melbourne Terrace, Morpeth, NE61 1TR1, Melbourne Terrace, Morpeth, NE61 1TR
- Sold Jun 2019£315,000 | 5 Bed House2, Melbourne Terrace, Morpeth, NE61 1TR2, Melbourne Terrace, Morpeth, NE61 1TR
Nearby Streets
Melbourne Terrace, Morpeth, NE61 is the 89th largest and the 624th most expensive street in the NE61 area.
- Bennetts Walk, Morpeth, NE6116 Addresses|31 m away
- Jackson Terrace, Morpeth, NE6110 Addresses|41 m away
- Alexandra Place, Morpeth, NE612 Addresses|49 m away
- Crown Street, Morpeth, NE617 Addresses|54 m away
- Grey Place, Morpeth, NE617 Addresses|54 m away
- Hamilton Terrace, Morpeth, NE615 Addresses|71 m away
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 2 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (2)
- No EPC (2)
Schools Nearby
- St Roberts Catholic First School, Morpeth700 m away
- Morpeth Stobhillgate First School1.0 km away
- Abbeyfields First School1.1 km away
- The King Edward VI School1.1 km away
- St Benet Biscop Catholic Academy6.2 km away
- Ashington Academy6.7 km away
More reading links
Public Transport Nearby
The closest station to Melbourne Terrace, Morpeth, NE61 - NE61 1TR is Morpeth station, which is 500 metres away.
- Morpeth|500 m away
- Pegswood|2.7 km away
- Ashington|7.2 km away
