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The Grove is a residential street with 4 addresses.
It ranks as the 98th largest and 725th 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.
The Grove is a residential street with 4 addresses.
It ranks as the 98th largest and 725th 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.
Sale prices range from £489,059 for 4 bedroom freehold houses with a garden (1,463 ft2) to £612,930 for 5 bedroom freehold houses with a garden (2,174 ft2) .
Monthly rental prices range from £1,664 pcm for 4 bed houses to £2,141 pcm for 5 bed houses.
The gross rental yield is between 4.1% and 4.2%.
The average value per square foot is £294.
The last sale on The Grove sold for £425,000 on 26th September 2019. Since then prices are up an average of 30.0%.
The current average value in the street is £563,266.
The The Grove Sales Market has increased by 36.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0.6% | £563,266 |
| May 2025 | 2.7% | £559,868 |
| May 2024 | 5.5% | £545,107 |
| May 2023 | 4.2% | £516,729 |
| May 2022 | 9.1% | £496,049 |
| May 2021 | 1.8% | £454,635 |
| May 2020 | 4.2% | £446,397 |
| May 2019 | 0.8% | £428,402 |
| May 2018 | 1.8% | £424,837 |
| May 2017 | 1.3% | £417,146 |
| May 2016 | 4% | £411,996 |
| May 2015 | 2.6% | £396,176 |
| May 2014 | 3.5% | £386,249 |
| May 2013 | -3.1% | £373,163 |
| May 2012 | -0.1% | £385,215 |
| May 2011 | -3.1% | £385,443 |
| May 2010 | 9.2% | £397,945 |
| May 2009 | -8.1% | £364,514 |
| May 2008 | 5.2% | £396,643 |
| May 2007 | 0% | £377,090 |
The current average rental value in the street is £1,944.
The The Grove Rental Market has increased by 51.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2% | £1,944pcm |
| May 2025 | 4.9% | £1,907pcm |
| May 2024 | 8.8% | £1,817pcm |
| May 2023 | 9.1% | £1,669pcm |
| May 2022 | 8.2% | £1,530pcm |
| May 2021 | 7.4% | £1,414pcm |
| May 2020 | -0.9% | £1,317pcm |
| May 2019 | 0.9% | £1,329pcm |
| May 2018 | 1.4% | £1,317pcm |
| May 2017 | 0.9% | £1,299pcm |
| May 2016 | 2.7% | £1,288pcm |
| May 2015 | 0.8% | £1,253pcm |
| May 2014 | 2.5% | £1,244pcm |
| May 2013 | 0.5% | £1,213pcm |
| May 2012 | -0.4% | £1,208pcm |
| May 2011 | 1.1% | £1,213pcm |
| May 2010 | 5.1% | £1,200pcm |
| May 2009 | -4.8% | £1,142pcm |
| May 2008 | 5.7% | £1,200pcm |
| May 2007 | 0% | £1,135pcm |
The last sale was on 26th September 2019 for £425,000 and since then the market in the area has increased by 30.0%. The street has had a total of 11 sales since 1995.
The Grove, Morpeth, NE61 has seen no sales in the last three years and no sales in the last twelve months.
The Grove, Morpeth, NE61 is the 98th largest and the 725th most expensive street in the NE61 area.
There is 1 postcode on The Grove, Morpeth, NE61.
The closest station to The Grove, Morpeth, NE61 is Morpeth station which is 1.1 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around The Grove, Morpeth, NE61, 67.3% of property is privately owned outright and 22.0% is privately owned with a mortgage.
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 Grove, Morpeth, NE61, 14.3% of residents are recorded as possessing school level qualifications and 54.0% 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 The Grove, Morpeth, NE61, the average age was 45.1 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 The Grove, Morpeth, NE61, 1.4% 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 Grove, Morpeth, NE61, there are an average of 1.4 cars per household.
See below for how this compares to North East and the rest of England & Wales.