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Melbourne TerraceHouse Prices / North East, Northumberland
Last updated Jun 2026
Key Street Insights
Melbourne Terrace is a residential street with 4 addresses.
It ranks as the 89th largest and 626th most expensive of the 770 streets in the NE61 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 4 properties: 4 houses.
4
Properties
- Houses
Key Street Insights
Melbourne Terrace is a residential street with 4 addresses.
It ranks as the 89th largest and 626th most expensive of the 770 streets in the NE61 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 4 properties: 4 houses.
4
Properties
- Houses
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House Priceson Melbourne Terrace
Sale prices range from £333,939 for 4 bedroom freehold houses with a garden (1,474 ft2) to £482,054 for 5 bedroom freehold houses with a garden (3,024 ft2) .
Monthly rental prices range from £1,662 pcm for 4 bed houses to £2,464 pcm for 5 bed houses.
The gross rental yield is between 6.0% and 6.1%.
The average value per square foot is £193.
Average Sale Value
£411,607
Average Rental Value
£2,081 pcm
Average Rental Yield
6.1% /year
Average Value Per Sqft
£193 /ft2
Sales Market Trendson Melbourne Terrace
The last sale on Melbourne Terrace sold for £365,000 on 15th November 2024. Since then prices are up an average of 1.8%.
The current average value in the street is £411,607.
The Melbourne Terrace Sales Market has increased by 37.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.7% | £411,607 |
| May 2025 | 2.8% | £408,692 |
| May 2024 | 5.5% | £397,671 |
| May 2023 | 4.1% | £376,860 |
| May 2022 | 9.2% | £361,911 |
| May 2021 | 1.8% | £331,513 |
| May 2020 | 4.2% | £325,526 |
| May 2019 | 0.8% | £312,302 |
| May 2018 | 1.9% | £309,798 |
| May 2017 | 1.3% | £304,166 |
| May 2016 | 4% | £300,392 |
| May 2015 | 2.6% | £288,922 |
| May 2014 | 3.5% | £281,685 |
| May 2013 | -3.2% | £272,124 |
| May 2012 | 0% | £281,085 |
| May 2011 | -3.2% | £281,134 |
| May 2010 | 9.1% | £290,426 |
| May 2009 | -8.2% | £266,194 |
| May 2008 | 5.1% | £289,859 |
| May 2007 | 0% | £275,685 |
Rental Market Trendson Melbourne Terrace
The current average rental value in the street is £2,081.
The Melbourne Terrace Rental Market has increased by 51.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.1% | £2,081pcm |
| May 2025 | 5% | £2,038pcm |
| May 2024 | 8.9% | £1,941pcm |
| May 2023 | 9.1% | £1,783pcm |
| May 2022 | 8.2% | £1,635pcm |
| May 2021 | 7.4% | £1,510pcm |
| May 2020 | -0.9% | £1,406pcm |
| May 2019 | 0.9% | £1,419pcm |
| May 2018 | 1.4% | £1,407pcm |
| May 2017 | 0.9% | £1,387pcm |
| May 2016 | 2.7% | £1,375pcm |
| May 2015 | 0.8% | £1,338pcm |
| May 2014 | 2.5% | £1,328pcm |
| May 2013 | 0.4% | £1,296pcm |
| May 2012 | -0.4% | £1,291pcm |
| May 2011 | 1% | £1,296pcm |
| May 2010 | 5% | £1,283pcm |
| May 2009 | -4.9% | £1,221pcm |
| May 2008 | 5.6% | £1,284pcm |
| May 2007 | 0% | £1,216pcm |
Explore Propertieson Melbourne Terrace, Morpeth, NE61
Sales Historyon Melbourne Terrace, Morpeth, NE61
The last sale was on 15th November 2024 for £365,000 and since then the market in the area has increased by 1.8%. The street has had a total of 8 sales since 1995.
Melbourne Terrace, Morpeth, NE61 has seen 2 sales in the last three years and no sales in the last twelve months.
Sold Jan 2024£435,000 | 5 Bed HouseMelbourne Terrace2, Melbourne Terrace, Morpeth, NE61 1TR
Sold Jun 2019£315,000 | 5 Bed HouseMelbourne Terrace2, Melbourne Terrace, Morpeth, NE61 1TR
Sold Feb 2017£190,000 | 4 Bed HouseMelbourne Terrace1, Melbourne Terrace, Morpeth, NE61 1TR
Sold Jun 2015£240,000 | 5 Bed HouseMelbourne Terrace2, Melbourne Terrace, Morpeth, NE61 1TR
Sold Jan 2008£190,000 | 4 Bed HouseMelbourne Terrace1, Melbourne Terrace, Morpeth, NE61 1TR
Sold Jul 2003£185,000 | 5 Bed HouseMelbourne Terrace2, Melbourne Terrace, Morpeth, NE61 1TR
Sold Nov 1996£86,000 | 5 Bed HouseMelbourne Terrace4, Melbourne Terrace, Morpeth, NE61 1TR
Top 3 Most Expensive Saleson Melbourne Terrace, Morpeth, NE61
Nearby Streetsto Melbourne Terrace, Morpeth, NE61
Melbourne Terrace, Morpeth, NE61 is the 89th largest and the 626th most expensive street in the NE61 area.
- 31 mBennetts Walk, Morpeth, NE6116 Addresses
- 41 mJackson Terrace, Morpeth, NE6110 Addresses
- 49 mAlexandra Place, Morpeth, NE612 Addresses
- 54 mCrown Street, Morpeth, NE617 Addresses
- 54 mGrey Place, Morpeth, NE617 Addresses
- 71 mHamilton Terrace, Morpeth, NE615 Addresses
Postcodeson Melbourne Terrace, Morpeth, NE61
There is 1 postcode on Melbourne Terrace, Morpeth, NE61.
- House prices in NE61 1TR4 Addresses
Property Typesin Melbourne Terrace
- 2 period houses built between 1800 and 1911
- 2 other addresses of unknown type
- period house (2)
- Unknown (2)
Energy Efficiencyof properties on Melbourne Terrace
- Energy Performance Certificate (EPC) surveys conducted for 2 properties.
- The dominant rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (2)
- No EPC (2)
Schools Nearbyto Melbourne Terrace, Morpeth, NE61
The nearest primary school to Melbourne Terrace, Morpeth, NE61 is St Roberts Catholic First School, Morpeth which is 700 metres away.
- 700mSt Roberts Catholic First School, Morpeth
- 1.0kmMorpeth Stobhillgate First School
- 1.1kmAbbeyfields First School
The nearest secondary school is The King Edward VI School which is 1.1 kilometres away.
- 1.1kmThe King Edward VI School
- 6.2kmSt Benet Biscop Catholic Academy
- 6.7kmAshington Academy
More reading links
Public Transport Nearbyto Melbourne Terrace, Morpeth, NE61
The closest station to Melbourne Terrace, Morpeth, NE61 is Morpeth station which is 500 metres away.
- 500mMorpeth
- 2.7kmPegswood
- 7.2kmAshington
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