Housing Market Analysis for MELBOURNE TERRACE, NE61 1TR

Are you looking to understand NE61 1TR house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Northumberland postcode.

For the location information and nearby amenities in the NE61 1TR area, explore the NE61 1TR Area information page.
For comprehensive crime statistics in the NE61 1TR area, explore the NE61 1TR Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE61 1TR postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £269,000 median price is £277,500 Standard Deviation is £126,493 with Total Sold: 4
    • The Last 5 Year average price is £435,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 2 MELBOURNE TERRACE: £315,000 (Sold on 27 Jun 2019)
    • The first recorded sale happened at this postcode is 2 MELBOURNE TERRACE: £435,000 (Sold on 05 Jan 2024)
  • Semi-Detached
    • The average price is around £188,333 median price is £190,000 Standard Deviation is £2,357 with Total Sold: 3
    • The most recent sale happened at this postcode is 1 MELBOURNE TERRACE: £190,000 (Sold on 02 Feb 2017)
    • The first recorded sale happened at this postcode is 2 MELBOURNE TERRACE: £185,000 (Sold on 08 Jul 2003)

Sold Price Trend Over the Years:

Below table and chart gives the average NE61 1TR house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£315,000 £1,121 1
2015£240,000 £854 1
1996£86,0001
2024£435,000 £1,548 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2017£190,0001
2008£190,0001
2003£185,000 £658 1

All the Sales in the MELBOURNE TERRACE, NE61 1TR

See the table below for more details on the sold house prices in the NE61 1TR, Northumberland postcode.

AddressSold DatePrice% Change
2 MELBOURNE TERRACETerraced, FreeholdArea: 281 Sq.mtrAge: 1900-192927 Jun 2019£315,00031.25%
25 Jun 2015£240,00029.73%
08 Jul 2003£185,000-57.47%
05 Jan 2024£435,000First Sale
1 MELBOURNE TERRACESemi-Detached, Freehold02 Feb 2017£190,0000.0
18 Jan 2008£190,000First Sale
4 MELBOURNE TERRACETerraced, Freehold28 Nov 1996£86,000First Sale

Check out the sold house prices near the NE61 1TR postcode. Properties currently for saleProperties currently for rent

MELBOURNE TERRACE, NE61 1TR Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE61 1TR postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the NE61 1TR postcode.

  • Detached
    • The average price is around £225,920 median price is £215,000 Standard Deviation is £136,495 with Total Sold: 235
    • The Last 5 Year average price is £354,441 with Total Sold: 26
    • The most recent sale happened at this postcode is , 8 MANCHESTER STREET: £165,000 (Sold on 12 Sep 2024)
    • The first recorded sale happened at this postcode is , 75 KINGSWELL: £116,000 (Sold on 13 Jan 1995)
  • Flat
    • The average price is around £140,390 median price is £125,000 Standard Deviation is £79,216 with Total Sold: 747
    • The Last 5 Year average price is £174,894 with Total Sold: 90
    • The most recent sale happened at this postcode is 5, CHANTRY MEWS BRIDGE STREET: £185,000 (Sold on 02 Sep 2024)
    • The first recorded sale happened at this postcode is 2, CLOCK TOWER FLATS OLDGATE: £34,500 (Sold on 31 Mar 1995)
  • Terraced
    • The average price is around £108,382 median price is £100,000 Standard Deviation is £71,018 with Total Sold: 793
    • The Last 5 Year average price is £160,894 with Total Sold: 105
    • The most recent sale happened at this postcode is , 11 PRETORIA AVENUE: £113,000 (Sold on 02 Aug 2024)
    • The first recorded sale happened at this postcode is , 35 HOWARD TERRACE: £85,000 (Sold on 13 Jan 1995)
  • Other
    • The average price is around £969,629 median price is £350,000 Standard Deviation is £2,178,766 with Total Sold: 48
    • The Last 5 Year average price is £1,395,639 with Total Sold: 18
    • The most recent sale happened at this postcode is , 57 BRIDGE STREET: £342,000 (Sold on 18 Jul 2024)
    • The first recorded sale happened at this postcode is , 28 NEWGATE STREET: £270,000 (Sold on 19 Jun 2014)
  • Semi-Detached
    • The average price is around £155,536 median price is £140,000 Standard Deviation is £95,269 with Total Sold: 201
    • The Last 5 Year average price is £268,336 with Total Sold: 28
    • The most recent sale happened at this postcode is , 33 STOBHILL VILLAS: £310,000 (Sold on 15 Mar 2024)
    • The first recorded sale happened at this postcode is , 7 ORCHARD CLOSE: £68,500 (Sold on 31 Mar 1995)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£255,667 £3,500 3
2023£525,500 £3,134 4
2022£340,750 £3,108 4
2021£317,500 £2,660 6
2020£342,053 £2,732 9
2019£297,750 £2,604 9
2018£249,750 £2,625 3
2017£260,992 £2,505 6
2016£289,833 £2,242 6
2015£259,158 £2,634 6
2014£292,825 £2,349 6
2013£375,833 £2,604 6
2012£270,143 £1,954 7
2011£345,000 £2,025 3
2010£217,500 £2,751 2
2009£400,000 £2,588 3
2008£369,382 £2,280 11
2007£245,120 £2,538 12
2006£247,531 £2,183 13
2005£238,825 £2,293 6
2004£257,200 £2,153 5
2003£241,417 £1,672 12
2002£158,604 £1,468 12
2001£121,246 £1,143 12
2000£116,167 £1,006 15
1999£111,421 £841 7
1998£120,996 £901 12
1997£107,247 £893 17
1996£85,500 £731 7
1995£129,182 £856 11
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£234,556 £2,976 9
2023£196,020 £2,816 23
2022£142,587 £2,639 23
2021£155,975 £2,328 20
2020£181,467 £2,596 15
2019£174,912 £2,775 25
2018£197,516 £2,994 108
2017£169,361 £2,305 33
2016£238,907 £2,992 27
2015£139,865 £2,196 13
2014£138,744 £2,265 16
2013£127,997 £1,749 18
2012£179,818 £2,468 11
2011£127,079 £2,253 13
2010£149,912 £2,381 12
2009£128,350 £2,254 10
2008£153,150 £2,702 16
2007£154,763 £2,425 19
2006£196,707 £2,357 42
2005£143,903 £2,534 18
2004£125,671 £2,010 21
2003£111,934 £1,703 28
2002£89,304 £1,462 35
2001£97,929 £1,434 50
2000£65,524 £1,121 23
1999£55,046 £1,164 26
1998£65,129 £1,239 24
1997£63,536 £1,150 42
1996£42,226 £677 23
1995£38,250 £545 4
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£170,250 £1,885 7
2023£164,429 £1,960 21
2022£177,020 £2,012 19
2021£155,420 £1,990 35
2020£149,828 £1,657 23
2019£149,273 £1,586 22
2018£159,031 £1,756 32
2017£151,364 £1,667 28
2016£124,826 £1,653 31
2015£141,219 £1,599 16
2014£137,662 £1,724 20
2013£140,997 £1,817 15
2012£138,096 £1,500 13
2011£110,107 £1,391 14
2010£116,300 £1,454 18
2009£117,408 £1,814 8
2008£143,672 £1,737 20
2007£131,990 £1,877 25
2006£132,232 £1,751 49
2005£133,237 £1,626 23
2004£137,592 £1,653 24
2003£105,801 £1,135 33
2002£79,553 £1,007 36
2001£57,509 £701 51
2000£52,616 £737 29
1999£58,206 £681 34
1998£51,915 £599 46
1997£55,652 £653 27
1996£49,719 £635 40
1995£40,691 £563 34
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£3,572,8336
2023£495,000 £3,333 2
2022£90,0001
2021£240,6254
2020£328,400 £1,818 5
2019£322,1676
2018£478,892 £7,685 7
2017£614,600 £3,230 4
2016£238,000 £1,542 4
2015£417,367 £11,111 6
2014£3,406,948 £11,806 3
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£360,000 £2,531 2
2023£258,444 £2,623 9
2022£307,486 £3,073 7
2021£245,625 £2,840 4
2020£222,083 £3,007 6
2019£163,000 £2,158 8
2018£201,625 £2,399 4
2017£177,950 £2,108 11
2016£158,786 £2,039 7
2015£228,833 £2,423 3
2014£191,250 £1,629 5
2013£164,500 £2,696 5
2012£174,992 £1,930 6
2011£198,688 £2,411 8
2010£146,500 £2,347 1
2009£166,750 £2,154 4
2008£206,433 £2,243 9
2007£158,600 £2,580 5
2006£181,873 £2,106 11
2005£185,600 £1,694 5
2004£143,200 £1,744 5
2003£153,772 £1,223 9
2002£112,743 £1,006 7
2001£83,811 £975 9
2000£75,445 £837 11
1999£59,330 £909 10
1998£68,600 £766 9
1997£70,758 £627 6
1996£69,562 £681 8
1995£58,143 £760 7

House Type in NE61 1TR area

The most common house types in the NE61 1TR postcode area are Terraced (106), Semi-detached (7), and Detached (3).

Total120
Terraced106
Semi-detached7
Detached3
Flat3
Shared house1
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (40), and Owned: Owns outright (39).

Owned: Owns with a mortgage or loan40
Owned: Owns outright39
Private rented: Private landlord or letting agency30
Private rented: Other private rented6
Social rented: Rents from council or Local Authority5
Social rented: Other social rented3
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the NE61 1TR have 2 people in household (48), and 1 person in household (42).

2 people in household48
1 person in household42
3 people in household14
4 people in household11
5 people in household5
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0