Average Price for property in Merley Gate, Morpeth, NE61 is around £238,840 which varies based on type of property you are interested in and ranges from £284,051 for detached house to around £151,429 for semi-detached. Similarly terraced house is around £177,891. Values have been changing and have risen £830 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,755 in last 6 months, £12,691 in last 1 year, £17,970 in last 2 years, £25,589 in last 3 years, £18,129 in last 4 years and £12,839 in last 5 years.
Currently average asking price of a property in Merley Gate, Morpeth, NE61 is around £298,258 based on approximately 8 properties for sale. Same is the case with rental options based on 68 properties up for rent, average asking rent is around £860 per month.
Estimated property value in Merley Gate, Morpeth, NE61 is £238,840. Average asking price is £298,258 while average price paid is £220,718 which is up by £12,691 and Avg. asking rent £860.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 Merley Gate, Morpeth, NE61 area. In last 1 year alone average price buyer paid is around £220,718 based on approximately 8 sales in Merley Gate, Morpeth, NE61 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £195,826. 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 £185,867 for 17 and average amount paid for purchase of approx. 22 properties sold in last 7 years comes to about £184,761 per sale.