Our Data Sources
2, Melbourne Terrace, Morpeth has 41 entries in the Land Registry, most recently in January 2024 and a single entry in the EPC database dated December 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
1Sales dated prior to 2007 are shown, but are not used in our calculations.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Melbourne Terrace, Morpeth, we estimate a market value of £514,108 and a rental value of £2,582 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £455,353 and £2,287 per month respectively.
Plot Size
HM Land Registry records the plot of land for 2, Melbourne Terrace, Morpeth as measuring 410 m2.
That makes it the 2nd largest plot in the postcode, where all 4 other houses have recorded plot data.
Energy Efficiency
2, Melbourne Terrace, Morpeth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Dec 2018.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators (mains gas).
Sold Prices
The most recent sale of 2, Melbourne Terrace, Morpeth completed on 5th January 2024 at £435,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have risen by 3.5% over the period since January 2024.
- Sold Jan 2024£435,000
- Sold Jun 2019£315,000
- Sold Jun 2015£240,000
Similar Properties Sold Nearby
Since 2020 1 property similar to 2, Melbourne Terrace, Morpeth has sold within a radius of 710 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th March 2020, was 59, Newgate Street, Morpeth, NE61 1AY, a freehold house which sold for £625,000.
Read more about house prices in NE61.
- Sold Mar 2020£625,000 | 5 Bed House59, Newgate Street, Morpeth, NE61 1AY59, Newgate Street, Morpeth, NE61 1AY
Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Explore Nearby Properties
The surrounding properties have an average estimated value of £238,344, ranging from £168,195 to £369,021.
- 1 Melbourne Terrace
4 Bed House | 7 m | Est. Value: £337,277
- 8 Bennetts Walk
3 Bed House | 15 m | Est. Value: £356,071
- 6 Bennetts Walk
3 Bed House | 30 m | Est. Value: £221,904
- 14 Bennetts Walk
4 Bed House | 37 m | Est. Value: £369,021
- 1 Jackson Terrace
3 Bed House | 38 m | Est. Value: £172,893
Location Comparison
Of the 4 addresses on Melbourne Terrace, Morpeth, NE61, 2, Melbourne Terrace, Morpeth comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £206k more expensive than the average property across the NE61 district.
More reading links
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
- Morpeth|500 m away
- Pegswood|2.7 km away
- Ashington|7.2 km away
Risk of Flooding
The flood risk here is rated Low, based on Environment Agency data.
