46A, MERLEY GATE, MORPETH, NE61 2EP - £68,000

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.

46A MERLEY GATE is a terraced house, which could now be worth an estimated £249,244. It was last sold for £68,000 in November 2001, which was around 48% above the average November 2001 terraced price in the Northumberland local authority area.

46A MERLEY GATE Sold Prices

Land registry data shows two sales for 46A MERLEY GATE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Northumberland local authority area for the corresponding sale date. Both of the two 46A 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
2001 16 NOV	£68,000	£46,064	48% above HPI
1998 8 MAY	£59,995	£37,560	60% above HPI

What might 46A MERLEY GATE be worth now?

46A MERLEY GATE might now be worth an estimated £249,244.

This is based on house price inflation of 266.5%, between November 2001 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 266.5% inflationary increase is applied to the most recent sale price for 46A MERLEY GATE of £68,000 on 16th November 2001. For the value to have increased from £68,000 to £249,244 over the 25 years and six months to May 2026, the following assumptions must hold true:

• The value of 46A MERLEY GATE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The November 2001 sale price of £68,000 represented a fair market value for the property.
• The size, condition, and specification of 46A MERLEY GATE has not materially changed since November 2001.

Where is 46A MERLEY GATE?

46A MERLEY GATE is located in MORPETH, in the NE61 postcode district.