NE61 5LA is a residential postcode located on Cresswell, Morpeth, NE61. It is the 620th largest postcode in the NE61 area.
It contains 5 houses and 2 unknown and the most common type of property is a early-century house built between 1912 and 1935.
The average house value is £421,392. Sales values have decreased in the last 12 months by 0.3% and Rental values have increased by 6.9%.
Property sale values range from £144,872 for a freehold house, with 3 bedrooms split across 859 square feet of gross internal area and has a garden to £549,058 for a freehold house, with 5 bedrooms split across 1,981 square feet of gross internal area and has a garden.
Average £/ft2 for properties in NE61 5LA is £306/ft2.
Properties achieve a rental yield of between 2.9% and 6.8%, and rental values range from £820 to £1,360 per month.
The last sale was 10 Nov 2022 for £475,000 and since then the market in the area has increased by 2.2%. The postcode has had a total of 4 sales since 1995.
NE61 5LA has seen 2 sales in the last three years and no sales in the last twelve months.
NE61 5LA is the 620th largest and the 1038th most expensive postcode out of the 1,369 postcodes in the NE61 area.
NE61 5LA is the 620th largest and the 1038th most expensive postcode out of the 1,369 postcodes in the NE61 area.
NE61 5LA is a residential postcode located on Cresswell, Morpeth, NE61 with 5 houses and 2 unknown within its bounds.
The most common property type in NE61 5LA is a early-century house built between 1912 and 1935.
The homes with certificates are generally early-century in style with the most common Energy Performance Certificate (EPC) rating being D.
The closest station to NE61 5LA is Widdrington station which is 4.9 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around NE61 5LA, 57.0% of property is privately owned outright and 21.0% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NE61 5LA, 7.7% of residents are recorded as possessing school level qualifications and 36.6% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around NE61 5LA, the average age was 45 and the most common age was 62.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NE61 5LA, 2.8% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NE61 5LA, there are an average of 1.6 cars per household.
See below for how this compares to North East and the rest of England & Wales.