Values have been changing and have risen £580 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,226 in last 6 months, £8,874 in last 1 year, £12,566 in last 2 years, £17,896 in last 3 years, £12,684 in last 4 years and £8,988 in last 5 years.
Currently average asking price of a property in Oldgate, Morpeth, NE61 is around £298,258 based on approximately 1 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 Oldgate, Morpeth, NE61 is £162,134. Average asking price is £298,258 while average price paid is £101,500 which is up by £8,874 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 Oldgate, Morpeth, NE61 area. In last 1 year alone average price buyer paid is around £101,500 based on approximately 1 sales in Oldgate, Morpeth, NE61 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £115,725. 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 £114,483 for 3 and average amount paid for purchase of approx. 3 properties sold in last 7 years comes to about £114,483 per sale.