1 Merchant Way

    1, MERCHANT WAY, MORPETH, NE61 2ZG

    This detached freehold property on Merchant Way last sold in December 2023 for £365,746. Based on price growth in the NE61 district since then, its estimated current value is £389,213 — placing it in the 66th percentile nationally and the 76th percentile within NE61. The property covers 100 m² (1,076 sq ft), giving an estimated value of £3,892 per m². The EPC rating is B, with a potential rating of A.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    100 m²

    (1,076 sq ft)

    Last Sale Price

    £365,746

    Dec 2023

    Estimated Valuation

    £389,213

    Est. £/m²

    £3,892/m²

    £362/sq ft

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction age2018
    Habitable roomsNot available
    Main fuelGas: mains gas
    EPC currentB
    EPC potentialA
    Floor area100 m² (1,076 sq ft)
    EPC dateDec 2022
    WallsAverage thermal transmittance 0.27 W/m²K
    HeatingBoiler and radiators, mains gas

    Transaction History

    11 Dec 2023

    New build

    £365,746

    Key Metrics

    Estimated valuation£389,213
    Value per m² / sq ft£3,892/m² (£362/sq ft)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    NE61 district percentile76th percentile
    National percentile66th 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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