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The Chip is a residential street with 8 addresses.
It ranks as the 222nd largest and 378th most expensive of the 770 streets in the NE61 area. The dominant property type is a mid-century house built between 1936 and 1979.
The street contains a total of 8 properties: 8 houses.
The Chip is a residential street with 8 addresses.
It ranks as the 222nd largest and 378th most expensive of the 770 streets in the NE61 area. The dominant property type is a mid-century house built between 1936 and 1979.
The street contains a total of 8 properties: 8 houses.
Sale prices range from £231,793 for 3 bedroom leasehold houses with a garden (871 ft2) to £294,062 for 3 bedroom freehold houses with a garden (1,108 ft2) .
Monthly rental prices range from £1,303 pcm for 3 bed houses to £1,527 pcm for 3 bed houses.
The gross rental yield is between 6.2% and 6.8%.
The average value per square foot is £287.
The last sale on The Chip sold for £262,000 on 6th December 2024. Since then prices are up an average of 3.9%.
The current average value in the street is £265,819.
The The Chip Sales Market has increased by 40.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2% | £265,819 |
| May 2025 | 3.5% | £260,519 |
| May 2024 | 5.6% | £251,657 |
| May 2023 | 3.8% | £238,390 |
| May 2022 | 9.8% | £229,730 |
| May 2021 | 2% | £209,168 |
| May 2020 | 4.6% | £204,967 |
| May 2019 | 0.4% | £195,973 |
| May 2018 | 1.9% | £195,235 |
| May 2017 | 1.3% | £191,516 |
| May 2016 | 3.5% | £188,991 |
| May 2015 | 2.5% | £182,638 |
| May 2014 | 3.6% | £178,140 |
| May 2013 | -3.7% | £171,947 |
| May 2012 | 0.4% | £178,465 |
| May 2011 | -4% | £177,708 |
| May 2010 | 7.9% | £185,027 |
| May 2009 | -9.3% | £171,486 |
| May 2008 | 4.2% | £188,971 |
| May 2007 | 0% | £181,296 |
The current average rental value in the street is £1,464.
The The Chip Rental Market has increased by 55.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.5% | £1,464pcm |
| May 2025 | 5.9% | £1,415pcm |
| May 2024 | 9.2% | £1,336pcm |
| May 2023 | 8.6% | £1,224pcm |
| May 2022 | 9% | £1,127pcm |
| May 2021 | 7.4% | £1,034pcm |
| May 2020 | -0.5% | £963pcm |
| May 2019 | 0.5% | £967pcm |
| May 2018 | 1.5% | £963pcm |
| May 2017 | 1% | £948pcm |
| May 2016 | 2.4% | £939pcm |
| May 2015 | 0.7% | £917pcm |
| May 2014 | 2.6% | £910pcm |
| May 2013 | -0.4% | £888pcm |
| May 2012 | 0.1% | £891pcm |
| May 2011 | 0.2% | £890pcm |
| May 2010 | 4.1% | £887pcm |
| May 2009 | -5.7% | £852pcm |
| May 2008 | 5% | £904pcm |
| May 2007 | 0% | £862pcm |
The last sale was on 6th December 2024 for £262,000 and since then the market in the area has increased by 3.9%. The street has had a total of 14 sales since 1995.
The Chip, Loansdean, Morpeth, NE61 has seen 2 sales in the last three years and no sales in the last twelve months.
The Chip, Loansdean, Morpeth, NE61 is the 222nd largest and the 378th most expensive street in the NE61 area.
There is 1 postcode on The Chip, Loansdean, Morpeth, NE61.
The closest station to The Chip, Loansdean, Morpeth, NE61 is Morpeth station which is 1.2 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around The Chip, Loansdean, Morpeth, NE61, % of property is and % is .
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 The Chip, Loansdean, Morpeth, NE61, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 The Chip, Loansdean, Morpeth, NE61, 0.0% 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 The Chip, Loansdean, Morpeth, NE61, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.
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.