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House Prices in NE3 House Prices in NE3 (Newcastle Upon Tyne)

The average house price in NE3 (Newcastle Upon Tyne) is £306,386 using HM Land Registry data.

The average property price increased by £17,328 (21.33%) over the last 5 years and increased by £3,472 (3.32%) over the last 12 months.

Over the last year, there were 651 residential property sales – a decrease of 81 transactions (-12.44%) relative to the previous year. The majority of house sales (204) were in the £120,000 - £200,000 range. Then came properties in the £200,000 - £280,000 range, where 124 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 203 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,761 (-2%).

In March 2025, there were 104 new estate agency instructions, 93 agreed home sales and 44 property price reductions.

Nearby Postcodes: CA6, CA8, CA9, DH3, DH4, DH8, DH9, DL13, NE1, NE10, NE11, NE12, NE13, NE15, NE16, NE17, NE18, NE19, NE2, NE20, NE21, NE22, NE23, NE24, NE25, NE26, NE27, NE28, NE29, NE30, NE31, NE32, NE33, NE34, NE35, NE36, NE37, NE38, NE39, NE4, NE40, NE41, NE42, NE43, NE44, NE45, NE46, NE47, NE48, NE49, NE5, NE6, NE61, NE62, NE63, NE66, NE67, NE68, NE69, NE7, NE70, NE71, NE8, NE9, NE99, SR4, SR5, SR6, TD12, TD15, TD5, TD8, TD9

5-Year Average Property Prices in NE3 (Newcastle Upon Tyne)

21.33%

Property prices in NE3 (Newcastle Upon Tyne) increased by 21.33% 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 NE3 (Newcastle Upon Tyne) Over the Last Year

3.32%

Property prices in NE3 (Newcastle Upon Tyne) increased by 3.32% 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 NE3 (Newcastle Upon Tyne) - March 2025

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 NE3 (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 NE3 (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 NE3 (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 NE3 (Newcastle Upon Tyne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE3 postcode area since 1995.

Recent Sales in NE3 (Newcastle Upon Tyne)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
81 Featherstone Grove, Newcastle Upon Tyne, Tyne And Wear, NE3 5RF£450,000£443,000-£7,00006 Jul 202413 Feb 2025222 Days
51 Caldwell Road, Newcastle Upon Tyne, Tyne And Wear, NE3 2AX£200,000£197,500-£2,50021 Oct 202407 Feb 2025109 Days
58 Overfield Road, Newcastle Upon Tyne, Tyne And Wear, NE3 3AJ£115,000£115,000£015 Aug 202431 Jan 2025169 Days
31 Westbourne Avenue, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 2HN£295,000£280,000-£15,00020 Sep 202429 Jan 2025131 Days
80 Grove Park Oval, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 1EF£175,000£172,000-£3,00012 Aug 202427 Jan 2025168 Days
131 Warkworth Woods, Newcastle Upon Tyne, Tyne And Wear, NE3 5RD£350,000£350,000£001 Oct 202427 Jan 2025118 Days
18 Falloden Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 2BQ£180,000£175,000-£5,00005 Sep 202424 Jan 2025141 Days
28 Pinewood Close, Kingston Park, Newcastle Upon Tyne, Tyne And Wear, NE3 2YB£230,000£225,000-£5,00030 Aug 202417 Jan 2025140 Days
2 Brackenpeth Mews, Newcastle Upon Tyne, Tyne And Wear, NE3 5RS£450,000£450,000£006 Aug 202417 Jan 2025164 Days
102 Stuart Court, Newcastle Upon Tyne, Tyne And Wear, NE3 2SG£215,000£215,000£025 Sep 202417 Jan 2025114 Days
42 Salters Close, Newcastle Upon Tyne, Tyne And Wear, NE3 5BZ£220,000£197,000-£23,00030 Sep 202416 Jan 2025108 Days
125 Kirkwood Drive, Newcastle Upon Tyne, Tyne And Wear, NE3 3AT£95,000£93,000-£2,00025 Nov 202407 Jan 202543 Days
16 The Fellside, Newcastle Upon Tyne, Tyne And Wear, NE3 4LJ£325,000£320,000-£5,00020 Aug 202407 Jan 2025140 Days
15 Princes Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 2HR£325,000£325,000£025 May 202406 Jan 2025226 Days
52 Stuart Court, Newcastle Upon Tyne, Tyne And Wear, NE3 2SG£160,000£160,000£015 Oct 202403 Jan 202580 Days
5 Agnes Maria Street, Newcastle Upon Tyne, Tyne And Wear, NE3 3XD£160,000£160,000£028 Jun 202416 Dec 2024171 Days
4 Bowfield Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 5TD£449,950£427,242-£22,70813 Sep 202413 Dec 202491 Days
10 Braintree Gardens, Newcastle Upon Tyne, Tyne And Wear, NE3 3DL£325,000£325,000£013 Aug 202413 Dec 2024122 Days
50 Princes Road, Newcastle Upon Tyne, Tyne And Wear, NE3 5AN£400,000£385,000-£15,00023 Mar 202406 Dec 2024258 Days
18 Ashover Road, Newcastle Upon Tyne, Tyne And Wear, NE3 3GH£105,000£105,000£009 Sep 202429 Nov 202481 Days

Most Expensive Streets in NE3 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE3 4BHGraham Park RoadNewcastle Upon Tyne£1,584,3336
NE3 4JHMontagu AvenueNewcastle Upon Tyne£1,535,0004
NE3 4EAFurzefield RoadNewcastle Upon Tyne£1,313,8124
NE3 4BDElmfield Road, GosforthNewcastle Upon Tyne£1,269,5006
NE3 4HDLinden Avenue, GosforthNewcastle Upon Tyne£1,216,6663
NE3 4AQMoor CrescentNewcastle Upon Tyne£1,100,0007
NE3 1NEThe Grove, GosforthNewcastle Upon Tyne£933,0003
NE3 1NRRoseworth CrescentNewcastle Upon Tyne£927,0005
NE3 1XPRectory RoadNewcastle Upon Tyne£891,5004
NE3 4XENorthumberland Avenue, GosforthNewcastle Upon Tyne£873,6663

Least Expensive Streets in NE3 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE3 2BUBroomley CourtNewcastle Upon Tyne£43,0003
NE3 2JYWitton Court, FawdonNewcastle Upon Tyne£47,6663
NE3 3RTBellingham Court, KentonNewcastle Upon Tyne£50,3323
NE3 1LLHomeforth House, High Street, GosforthNewcastle Upon Tyne£52,80726
NE3 2JXHorsley Court, FawdonNewcastle Upon Tyne£56,3787
NE3 3AUKirkwood DriveNewcastle Upon Tyne£56,82722
NE3 2BZHaydon Close, FawdonNewcastle Upon Tyne£57,47812
NE3 1SLBowes CourtNewcastle Upon Tyne£60,8503
NE3 3LJBradwell RoadNewcastle Upon Tyne£61,09011
NE3 1HHHigh Street, GosforthNewcastle Upon Tyne£61,54511

Explore NE3 (Newcastle Upon Tyne) using map

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