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House Prices in NE29 House Prices in NE29 (North Shields)

The average house price in NE29 (North Shields) is £193,747 using HM Land Registry data.

The average property price increased by £40,320 (20.95%) over the last 5 years and increased by £8,058 (3.27%) over the last 12 months.

Over the last year, there were 367 residential property sales – a decrease of 171 transactions (-46.59%) relative to the previous year. The majority of house sales (101) were in the £128,000 - £176,000 range. Then came properties in the £80,000 - £128,000 range, where 75 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,293 (-2%).

In April 2024, there were 61 new estate agency instructions, 55 agreed home sales and 34 property price reductions.

Nearby Postcodes: NE12, NE23, NE24, NE25, NE26, NE27, NE28, NE30, NE31, NE32, NE33, NE34, NE35, NE36, NE6, NE7, SR6

5-Year Average Property Prices in NE29 (North Shields)

20.95%

Property prices in North Shields increased by 20.95% 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 NE29 (North Shields) Over the Last Year

3.27%

Property prices in North Shields increased by 3.27% 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 NE29 (North Shields) - April 2024

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 NE29 (North Shields)

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 NE29 (North Shields)

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 NE29 (North Shields)

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 NE29 (North Shields) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE29 postcode area since 1995.

Recent Sales in NE29 (North Shields)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
56 Brahman Avenue, North Shields, Tyne And Wear, NE29 6UD£52,000£48,000-£4,00008 Aug 202308 Mar 2024213 Days
19 Sidlaw Avenue, North Shields, Tyne And Wear, NE29 9EA£190,000£179,676-£10,32425 Sep 202306 Mar 2024163 Days
5b, Walton Park, North Shields, Tyne And Wear, NE29 9DA£120,000£118,500-£1,50025 Sep 202329 Feb 2024157 Days
16 Selkirk Way, North Shields, Tyne And Wear, NE29 8DD£260,000£250,000-£10,00001 Sep 202327 Feb 2024179 Days
19 Langholm Avenue, North Shields, Tyne And Wear, NE29 8DH£80,000£80,000£0019 Jun 202323 Feb 2024249 Days
12 Stockton Road, North Shields, Tyne And Wear, NE29 6XU£260,000£255,000-£5,00004 Nov 202309 Feb 202497 Days
1 Colwell Road, North Shields, Tyne And Wear, NE29 9HJ£299,950£297,500-£2,45018 Oct 202302 Feb 2024107 Days
171 Abbots Way, North Shields, Tyne And Wear, NE29 8LS£350,000£350,000£0003 Oct 202331 Jan 2024120 Days
205 Northumbrian Way, North Shields, Tyne And Wear, NE29 6XW£125,000£120,000-£5,00003 Oct 202326 Jan 2024115 Days
24 Wenlock Drive, North Shields, Tyne And Wear, NE29 9HD£275,000£275,000£0030 Nov 202326 Jan 202457 Days
60 Gardner Park, North Shields, Tyne And Wear, NE29 0EA£185,000£173,000-£12,00015 Sep 202326 Jan 2024133 Days
135 Balkwell Avenue, North Shields, Tyne And Wear, NE29 7DH£85,000£78,000-£7,00009 Aug 202325 Jan 2024169 Days
5 Ludlow Avenue, North Shields, Tyne And Wear, NE29 9EY£250,000£245,000-£5,00026 Jun 202312 Jan 2024200 Days
7 Kestrel Way, North Shields, Tyne And Wear, NE29 6XH£120,000£119,000-£1,00008 May 202312 Jan 2024249 Days
13 Preston Gate, North Shields, Tyne And Wear, NE29 9QB£79,950£78,000-£1,95019 Dec 202319 Dec 20230 Days
96 Queen Alexandra Road, North Shields, Tyne And Wear, NE29 9AR£270,000£258,000-£12,00023 Mar 202319 Dec 2023271 Days
92 Tiverton Avenue, North Shields, Tyne And Wear, NE29 8PU£160,000£160,000£0013 Jul 202315 Dec 2023155 Days
1 Windsor Gardens, North Shields, Tyne And Wear, NE29 9AZ£260,000£260,000£0007 Sep 202314 Dec 202398 Days
108 Queen Alexandra Road, North Shields, Tyne And Wear, NE29 9AP£250,000£245,000-£5,00008 Jul 202314 Dec 2023159 Days
131 Queen Alexandra Road West, North Shields, Tyne And Wear, NE29 9AD£245,000£240,000-£5,00016 May 202311 Dec 2023209 Days

Most Expensive Streets in NE29 (North Shields)

PostcodeStreetAreaAverageNo. of Sales
NE29 9JTWoodlandsNorth Shields£629,5004
NE29 9NSKelso DriveNorth Shields£394,2857
NE29 0NGCleveland RoadNorth Shields£368,7504
NE29 9AHQueen Alexandra Road WestNorth Shields£357,0005
NE29 8LSAbbots WayNorth Shields£353,3905
NE29 0NTCleveland RoadNorth Shields£352,6005
NE29 0LYAlma PlaceNorth Shields£347,5008
NE29 9PBIngleside RoadNorth Shields£343,0009
NE29 0SHAlexandra GardensNorth Shields£340,0003
NE29 8LYAbbots WayNorth Shields£338,81311

Least Expensive Streets in NE29 (North Shields)

PostcodeStreetAreaAverageNo. of Sales
NE29 6PJDexter House, St Johns GreenNorth Shields£46,6124
NE29 6PPHutton House, St Johns GreenNorth Shields£52,0003
NE29 7AHNorham RoadNorth Shields£54,5509
NE29 6PRIllingworth House, St Johns GreenNorth Shields£55,8333
NE29 6SJVicarage StreetNorth Shields£56,0568
NE29 0JTSilkeys LaneNorth Shields£61,6663
NE29 7ANMorpeth TerraceNorth Shields£62,0628
NE29 0ERCollingwood ViewNorth Shields£63,1666
NE29 7ASElsdon TerraceNorth Shields£67,1368
NE29 7AWBerwick TerraceNorth Shields£67,3805

Explore NE29 (North Shields) using map

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