16, MERLEY GATE, MORPETH, NE61 2EP - £148,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 MERLEY GATE is a terraced house, which could now be worth an estimated £232,056. It was last sold for £148,950 in August 2005, which was around 37% above the average August 2005 terraced price in the Northumberland local authority area.

16 MERLEY GATE Sold Prices

Land registry data shows three sales for 16 MERLEY GATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. All of the three 16 MERLEY GATE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2005 19 AUG	£148,950	£108,374	37% above HPI
1999 3 FEB	£57,000	£36,699	55% above HPI
1997 21 JUL	£56,950	£37,496	52% above HPI

What might 16 MERLEY GATE be worth now?

16 MERLEY GATE might now be worth an estimated £232,056.

This is based on house price inflation of 55.8%, between August 2005 and May 2026, for terraced houses, in the Northumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55.8% inflationary increase is applied to the most recent sale price for 16 MERLEY GATE of £148,950 on 19th August 2005. For the value to have increased from £148,950 to £232,056 over the 21 years and three months to May 2026, the following assumptions must hold true:

• The value of 16 MERLEY GATE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The August 2005 sale price of £148,950 represented a fair market value for the property.
• The size, condition, and specification of 16 MERLEY GATE has not materially changed since August 2005.

Where is 16 MERLEY GATE?

16 MERLEY GATE is located in MORPETH, in the NE61 postcode district.