Merchant Way - NE61 2ZG
Key Street Insights
Merchant Way is a residential street with 14 addresses.
It ranks as the 364th largest and 629th most expensive of the 770 streets in the NE61 area. The most common property type is a modern house built after 1980.
The street contains a total of 14 properties: 14 houses.
- Ave. Sale Price
- £409,396
- 10 Year change
- up 39.4%
- Ave. Rental Price
- £1,683pcm
- 10 Year change
- up 52.2%
- Ave. £ per ft²
- £345/ft²
- Ave. Gross Yield
- 4.9%/year/yr
Key Street Insights
Merchant Way is a residential street with 14 addresses.
It ranks as the 364th largest and 629th most expensive of the 770 streets in the NE61 area. The most common property type is a modern house built after 1980.
The street contains a total of 14 properties: 14 houses.
- Ave. Sale Price
- £409,396
- 10 Year change
- up 39.4%
- Ave. Rental Price
- £1,683pcm
- 10 Year change
- up 52.2%
- Ave. £ per ft²
- £345/ft²
- Ave. Gross Yield
- 4.9%/year/yr
Explore Properties on Merchant Way, Morpeth, NE61
- 1 Merchant Way
4 Bed Modern House
- 2 Merchant Way
4 Bed Modern House
- 3 Merchant Way
4 Bed Modern House
- 4 Merchant Way
4 Bed Modern House
- 5 Merchant Way
4 Bed Modern House
Sales Market Trends
The last sale on Merchant Way sold for £310,000 on 5th September 2025. Since then prices are down an average of 0.2%.
The current average value in the street is £409,396.
The Merchant Way Sales Market has increased by 39.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.6% | £409,396 |
| June 2025 | 2.7% | £399,013 |
| June 2024 | 4.9% | £388,580 |
| June 2023 | 4.1% | £370,516 |
| June 2022 | 9.2% | £356,046 |
| June 2021 | 2.6% | £326,159 |
| June 2020 | 4.9% | £317,783 |
| June 2019 | 0.6% | £302,958 |
| June 2018 | 1.8% | £301,229 |
| June 2017 | 0.7% | £295,831 |
| June 2016 | 3.1% | £293,783 |
| June 2015 | 2.9% | £284,894 |
| June 2014 | 3% | £276,821 |
| June 2013 | -1.7% | £268,633 |
| June 2012 | -0.5% | £273,337 |
| June 2011 | -4.6% | £274,588 |
| June 2010 | 8.2% | £287,924 |
| June 2009 | -8.1% | £266,146 |
| June 2008 | 3.2% | £289,641 |
| June 2007 | 0% | £280,682 |
Rental Market Trends
The current average rental value in the street is £1,683.
The Merchant Way Rental Market has increased by 52.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2% | £1,683pcm |
| June 2025 | 4.7% | £1,651pcm |
| June 2024 | 9.1% | £1,576pcm |
| June 2023 | 8.5% | £1,445pcm |
| June 2022 | 9% | £1,331pcm |
| June 2021 | 8% | £1,221pcm |
| June 2020 | -0.5% | £1,130pcm |
| June 2019 | 0.7% | £1,136pcm |
| June 2018 | 1.5% | £1,128pcm |
| June 2017 | 0.4% | £1,111pcm |
| June 2016 | 2.4% | £1,106pcm |
| June 2015 | 0.9% | £1,080pcm |
| June 2014 | 2.9% | £1,071pcm |
| June 2013 | 0% | £1,040pcm |
| June 2012 | -0.4% | £1,040pcm |
| June 2011 | 0.3% | £1,045pcm |
| June 2010 | 4.8% | £1,042pcm |
| June 2009 | -5.3% | £994pcm |
| June 2008 | 4.2% | £1,050pcm |
| June 2007 | 0% | £1,007pcm |
Sales History
The last recorded sale was on 5th September 2025 for £310,000 and since then the market in the area has decreased by 0.2%.
Merchant Way, Morpeth, NE61 has had 3 sales since 1995, with 3 in the last three years and 1 in the last twelve months.
- Sold Sep 2025£310,000 | 3 Bed House13, Merchant Way, Morpeth, NE61 2ZG13, Merchant Way, Morpeth, NE61 2ZG
- Sold Dec 2023£365,746 | 4 Bed House1, Merchant Way, Morpeth, NE61 2ZG1, Merchant Way, Morpeth, NE61 2ZG
- Sold Oct 2023£409,995 | 4 Bed House3, Merchant Way, Morpeth, NE61 2ZG3, Merchant Way, Morpeth, NE61 2ZG
Top 3 Most Expensive Sales
- Sold Mar 2023£429,995 | 4 Bed House7, Merchant Way, Morpeth, NE61 2ZG7, Merchant Way, Morpeth, NE61 2ZG
- Sold Jun 2023£427,995 | 4 Bed House12, Merchant Way, Morpeth, NE61 2ZG12, Merchant Way, Morpeth, NE61 2ZG
- Sold May 2023£422,995 | 4 Bed House4, Merchant Way, Morpeth, NE61 2ZG4, Merchant Way, Morpeth, NE61 2ZG
Nearby Streets
Merchant Way, Morpeth, NE61 is the 364th largest and the 629th most expensive street in the NE61 area.
- Sleekburn, Morpeth, NE6169 Addresses|68 m away
- Potters Way, Morpeth, NE6113 Addresses|93 m away
- Smiths Close, Morpeth, NE6114 Addresses|131 m away
- Baker Way, Morpeth, NE617 Addresses|140 m away
- Tailor Way, Morpeth, NE6124 Addresses|145 m away
- Hepscott Burn, Morpeth, NE618 Addresses|167 m away
Property Types
- 14 modern houses built after 1980
- modern house (14)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 14 properties.
- The most common rating is B.
- A (0)
- E (0)
- B (14)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (0)
Schools Nearby
- Morpeth Stobhillgate First School400 m away
- Morpeth First School1.2 km away
- St Roberts Catholic First School, Morpeth2.0 km away
- The King Edward VI School2.5 km away
- St Benet Biscop Catholic Academy4.9 km away
- Ashington Academy6.0 km away
More reading links
Public Transport Nearby
The closest station to Merchant Way, Morpeth, NE61 - NE61 2ZG is Morpeth station, which is 1.1 kilometres away.
- Morpeth|1.1 km away
- Pegswood|2.7 km away
- Bedlington|6.5 km away
