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Postcode Overview
of NE61 1LN
NE61 1LN is a residential postcode located on Phoenix Court, Morpeth, NE61. It is the 1249th largest postcode in the NE61 area.
It contains 33 flats and the most common type of property is a modern flat built after 1980.
Average property prices
in NE61 1LN
The average house value is £115,780. Sales values have increased in the last 12 months by 0.2% and Rental values have increased by 6.9%.
Property sale values range from £101,561 for a leasehold flat, with 2 bedrooms split across 420 square feet of gross internal area and has no outside space to £136,830 for a leasehold flat, with 2 bedrooms split across 527 square feet of gross internal area and has no outside space.
Average £/ft2 for properties in NE61 1LN is £203/ft2.
Properties achieve a rental yield of between 8.1% and 8.8%, and rental values range from £748 to £921 per month.
Recent sales
within NE61 1LN
The last sale was 10 Dec 2021 for £112,500 and since then the market in the area as increased by 5.8%. The postcode has had a total of 4 sales since 1995.
NE61 1LN has seen 1 sale in the last three years and no sales in the last twelve months.
Nearby postcodes
to NE61 1LN
NE61 1LN is the 1249th largest and the 148th most expensive postcode out of the 1,369 postcodes in the NE61 area.
Property types
in NE61 1LN
NE61 1LN is a residential postcode located on Phoenix Court, Morpeth, NE61 with 33 flats within its bounds.
The most common property type in NE61 1LN is a modern flat built after 1980.
Energy Efficiency
of properties within NE61 1LN
The homes are generally modern in style with the most common Energy Performance Certificate (EPC) rating being C.
Schools nearby
to NE61 1LN
Public transport nearby
to NE61 1LN
The closest station to NE61 1LN is Morpeth station which is 600 m away.
