2 Melbourne Terrace

    2, MELBOURNE TERRACE, MORPETH, NE61 1TR

    This terraced freehold property on Melbourne Terrace last sold in January 2024 for £435,000. Based on price growth in the NE61 district since then, its estimated current value is £482,653 — placing it in the 77th percentile nationally and the 87th percentile within NE61. The property covers 281 m² (3,025 sq ft), giving an estimated value of £1,718 per m². The EPC rating is D, with a potential rating of B.

    Type

    Terraced

    Tenure

    Freehold

    Floor Area

    281 m²

    (3,025 sq ft)

    Last Sale Price

    £435,000

    Jan 2024

    Estimated Valuation

    £482,653

    Est. £/m²

    £1,718/m²

    £160/sq ft

    Property Details

    TypeTerraced
    TenureFreehold
    Built formMid-Terrace
    Construction ageEngland and Wales: 1900-1929
    Habitable rooms8
    Main fuelmains gas (not community)
    EPC currentD
    EPC potentialB
    Floor area281 m² (3,025 sq ft)
    EPC dateDec 2018
    WallsSandstone or limestone, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    5 Jan 2024

    £435,000

    27 Jun 2019

    £315,000

    25 Jun 2015

    £240,000

    8 Jul 2003

    £185,000

    Key Metrics

    Estimated valuation£482,653
    Value per m² / sq ft£1,718/m² (£160/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE61 district percentile87th percentile
    National percentile77th percentile

    District Context — NE61

    NE61 covers the area around Morpeth and nearby settlements in central Northumberland, located between Newcastle and the Scottish border. It is a rural and semi-rural district with strong community character and good access to both countryside and urban amenities.

    Average Property Price - NE61

    £293,975

    41

    National percentile

    Average Net Household Income - NE61

    £39,988

    58

    National percentile

    10-Year Annualised Price Growth - NE61

    3.5%

    47

    National percentile

    10-Year Annualised Rent Growth - NE

    4.0%

    54

    National percentile

    View full analysis for NE61

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