Average Price for property in Morpeth is around £217,674 which varies based on type of property you are interested in and ranges from £315,982 for detached house to around £170,685 for semi-detached. Similarly terraced house is around £145,774 and a flat is worth £147,768. Values have been changing and have risen £683 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,492 in last 6 months, £17,890 in last 1 year, £28,146 in last 2 years, £23,893 in last 3 years, £21,113 in last 4 years and £21,119 in last 5 years.
Currently average asking price of a property in Morpeth is around £291,371 based on approximately 680 properties for sale. Same is the case with rental options based on 120 properties up for rent, average asking rent is around £720 per month.
Estimated property value in Morpeth is £217,674. Average asking price is £291,371 while average price paid is £191,996 which is up by £17,890 and Avg. asking rent £720.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Morpeth area. In last 1 year alone average price buyer paid is around £191,996 based on approximately 680 sales in Morpeth area alone. If you compare it to last 3 years sales of 1,981 properties where buyers paid around £190,663. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £186,547 for 3,169 and average amount paid for purchase of approx. 4,326 properties sold in last 7 years comes to about £189,481 per sale.