7, MERLEY GATE, MORPETH, NE61 2EP - £152,500

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.

7 MERLEY GATE is a terraced house, which could now be worth an estimated £234,337. It was last sold for £152,500 in April 2006, which was around 39% above the average April 2006 terraced price in the Northumberland local authority area.

7 MERLEY GATE Sold Prices

Land registry data shows three sales for 7 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 7 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
2006 10 APR	£152,500	£109,877	39% above HPI
2004 16 JUL	£146,950	£94,148	56% above HPI
1996 5 JUN	£51,500	£35,533	45% above HPI

What might 7 MERLEY GATE be worth now?

7 MERLEY GATE might now be worth an estimated £234,337.

This is based on house price inflation of 53.7%, between April 2006 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 53.7% inflationary increase is applied to the most recent sale price for 7 MERLEY GATE of £152,500 on 10th April 2006. For the value to have increased from £152,500 to £234,337 over the nineteen years and eleven months to May 2026, the following assumptions must hold true:

• The value of 7 MERLEY GATE has moved in line with the HPI for terraced houses in the Northumberland local authority area.
• The April 2006 sale price of £152,500 represented a fair market value for the property.
• The size, condition, and specification of 7 MERLEY GATE has not materially changed since April 2006.

Where is 7 MERLEY GATE?

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