House Prices in NE15 House Prices in NE15 (Newcastle Upon Tyne)

The average house price in NE15 (Newcastle Upon Tyne) is £189,656 using HM Land Registry data.

The average property price increased by £11,564 (26.65%) over the last 5 years and increased by £2,317 (4%) over the last 12 months.

Over the last year, there were 315 residential property sales – a decrease of 141 transactions (-44.76%) relative to the previous year. The majority of house sales (86) were in the £120,000 - £160,000 range. Then came properties in the £160,000 - £200,000 range, where 67 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 96 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,178 (-2%).

In Dec 24, there were 27 new estate agency instructions, 34 agreed home sales and 9 property price reductions.

5-Year Average Property Prices in NE15 (Newcastle Upon Tyne)

26.65%

Property prices in Newcastle Upon Tyne increased by 26.65% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NE15 (Newcastle Upon Tyne) Over the Last Year

4%

Property prices in Newcastle Upon Tyne increased by 4% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for NE15 (Newcastle Upon Tyne) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NE15 (Newcastle Upon Tyne)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NE15 (Newcastle Upon Tyne)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NE15 (Newcastle Upon Tyne)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NE15 (Newcastle Upon Tyne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE15 postcode area since 1995.

Recent Sales in NE15 (Newcastle Upon Tyne)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
7 Castle View, Horsley, Newcastle Upon Tyne, Northumberland, NE15 0AG£129,000£125,000-£4,00019 Sep 202411 Nov 202453 Days
1 Overdene, Newcastle Upon Tyne, Tyne And Wear, NE15 7TS£160,000£160,000£0011 Jun 202408 Nov 2024150 Days
31 Townfield Gardens, Newcastle Upon Tyne, Tyne And Wear, NE15 8PY£269,950£246,000-£23,95008 Sep 202301 Nov 2024420 Days
8 Romsey Grove, Newcastle Upon Tyne, Tyne And Wear, NE15 8TD£140,000£133,000-£7,00013 Jul 202431 Oct 2024110 Days
50 Benwell Village Mews, Benwell, Newcastle Upon Tyne, Tyne And Wear, NE15 6LF£129,950£129,950£0005 Jun 202425 Oct 2024142 Days
4 Davison Street, Newcastle Upon Tyne, Tyne And Wear, NE15 8NB£135,000£135,000£0007 Jun 202418 Oct 2024133 Days
125 Valley View, Lemington, Newcastle Upon Tyne, Tyne And Wear, NE15 8UB£159,950£157,000-£2,95018 Jun 202418 Oct 2024122 Days
15 Orchard Terrace, Throckley, Newcastle Upon Tyne, Tyne And Wear, NE15 9NR£125,000£125,000£0004 Mar 202417 Oct 2024227 Days
12 Tyne View, Newcastle Upon Tyne, Tyne And Wear, NE15 8RA£115,000£110,000-£5,00019 Jun 202415 Oct 2024118 Days
1 Heyburn Gardens, Newcastle Upon Tyne, Tyne And Wear, NE15 6QT£135,000£135,000£0027 Jun 202410 Oct 2024105 Days
26 Woodside Avenue, Throckley, Newcastle Upon Tyne, Tyne And Wear, NE15 9BE£140,000£135,000-£5,00024 May 202404 Oct 2024133 Days
3 Eldon Place, Lemington, Newcastle Upon Tyne, Tyne And Wear, NE15 8AQ£129,950£129,950£0020 May 202423 Aug 202495 Days
11 Castle View, Horsley, Newcastle Upon Tyne, Northumberland, NE15 0AG£135,000£134,000-£1,00028 May 202419 Aug 202483 Days
5 Hayleazes Road, Newcastle Upon Tyne, Tyne And Wear, NE15 7TQ£120,000£120,000£0013 Mar 202414 Aug 2024154 Days
74 Avalon Drive, Newcastle Upon Tyne, Tyne And Wear, NE15 7SF£84,950£84,950£0027 Sep 202309 Aug 2024317 Days
87 Burnham Avenue, Newcastle Upon Tyne, Tyne And Wear, NE15 8QG£160,000£160,000£0023 Mar 202407 Aug 2024137 Days
1 Southway, Newcastle Upon Tyne, Tyne And Wear, NE15 7RA£145,000£145,000£0016 Feb 202431 Jul 2024166 Days
6 Castle View, Horsley, Newcastle Upon Tyne, Northumberland, NE15 0AG£145,000£137,500-£7,50006 Mar 202430 Jul 2024146 Days
46 The Glade, North Walbottle, Newcastle Upon Tyne, Tyne And Wear, NE15 9XJ£375,000£368,000-£7,00029 Feb 202426 Jul 2024148 Days
4 West Spencer Terrace, Newcastle Upon Tyne, Tyne And Wear, NE15 9SL£95,000£92,500-£2,50027 Sep 202305 Jul 2024282 Days

Most Expensive Streets in NE15 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE15 0QDHarlow HillNewcastle Upon Tyne£554,59011
NE15 9RHThrockleyNewcastle Upon Tyne£517,0003
NE15 0BUHeddon Banks, Heddon On The WallNewcastle Upon Tyne£511,3336
NE15 0HAMilitary Road, Heddon On The WallNewcastle Upon Tyne£474,7504
NE15 0AFStonecroft, HorsleyNewcastle Upon Tyne£433,0003
NE15 9FEPeregrine WayNewcastle Upon Tyne£423,07812
NE15 9FDGoldcrest RoadNewcastle Upon Tyne£419,94520
NE15 0DRHeddon On The WallNewcastle Upon Tyne£416,5006
NE15 0NSHorsleyNewcastle Upon Tyne£383,3336
NE15 8JBQueens Road, WalbottleNewcastle Upon Tyne£379,5004

Least Expensive Streets in NE15 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE15 9LNWoodlands CourtNewcastle Upon Tyne£46,9905
NE15 6AGHawthorn CloseNewcastle Upon Tyne£55,2818
NE15 7HURavenburn GardensNewcastle Upon Tyne£57,6254
NE15 7HXSwinley GardensNewcastle Upon Tyne£58,7005
NE15 8DPEva StreetNewcastle Upon Tyne£62,6503
NE15 7HTHowdene RoadNewcastle Upon Tyne£64,9166
NE15 7SZAvalon DriveNewcastle Upon Tyne£66,2506
NE15 8EFBennett CourtNewcastle Upon Tyne£67,0004
NE15 7XSOttringham CloseNewcastle Upon Tyne£67,3333
NE15 7DQTantobie RoadNewcastle Upon Tyne£67,3754

Explore NE15 (Newcastle Upon Tyne) using map