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House Prices in NE38

The average house price in NE38 (Washington) is £181,627 using HM Land Registry data.

The average property price increased by £14,294 (45.22%) over the last 5 years and increased by £2,864 (6.04%) over the last 12 months.

Over the last year, there were 239 residential property sales – a decrease of 55 transactions (-23.01%) relative to the previous year. The majority of house sales (66) were in the £128,000 - £186,000 range. Then came properties in the £70,000 - £128,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 193 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,330 (-2%).

In February 2025, there were 46 new estate agency instructions, 32 agreed home sales and 20 property price reductions.

5-Year Average Property Prices in NE38 (Washington)

45.22%

Property prices in NE38 (Washington) increased by 45.22% 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 NE38 (Washington) Over the Last Year

6.04%

Property prices in NE38 (Washington) increased by 6.04% 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.

Property Market Heat Gauge for NE38 (Washington) - February 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 NE38 (Washington)

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 NE38 (Washington)

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 NE38 (Washington)

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 NE38 (Washington) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE38 postcode area since 1995.

Recent Sales in NE38 (Washington)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
8 Vigo Lane, Harraton, Washington, Tyne And Wear, NE38 9AH	£175,000	£175,000	£0	13 Aug 2024	17 Jan 2025	157 Days
1 Rignall, Washington, Tyne And Wear, NE38 8TG	£350,000	£340,000	-£10,000	04 Jun 2024	17 Dec 2024	196 Days
11 Model Dwellings, Washington, Tyne And Wear, NE38 7AS	£80,000	£75,000	-£5,000	25 Apr 2024	16 Dec 2024	235 Days
68 Lanercost, Washington, Tyne And Wear, NE38 7QA	£120,000	£117,500	-£2,500	10 Sep 2024	12 Dec 2024	93 Days
26 Hogarth Drive, Washington, Tyne And Wear, NE38 7LB	£125,000	£125,000	£0	16 Jul 2024	11 Dec 2024	148 Days
21 Crighton, Washington, Tyne And Wear, NE38 0LB	£120,000	£120,000	£0	12 Aug 2024	06 Dec 2024	116 Days
9 Broadmeadows, Washington, Tyne And Wear, NE38 8RQ	£125,000	£125,000	£0	08 Aug 2024	04 Dec 2024	118 Days
2 Spartylea, Washington, Tyne And Wear, NE38 8PB	£345,000	£338,000	-£7,000	10 Aug 2024	29 Nov 2024	111 Days
39 Thornbridge, Washington, Tyne And Wear, NE38 8TH	£165,000	£162,000	-£3,000	24 Aug 2024	29 Nov 2024	97 Days
19 Cuillin Close, Lambton, Washington, Tyne And Wear, NE38 0PU	£130,000	£130,000	£0	13 May 2024	26 Nov 2024	197 Days
22 Howardian Close, Washington, Tyne And Wear, NE38 0PX	£100,000	£100,000	£0	11 Sep 2024	22 Nov 2024	72 Days
5 Greenhead, Washington, Tyne And Wear, NE38 0NN	£150,000	£146,000	-£4,000	06 Jun 2024	18 Nov 2024	165 Days
32 Beckford, Washington, Tyne And Wear, NE38 8TP	£385,000	£380,000	-£5,000	09 Mar 2024	15 Nov 2024	251 Days
2 Barningham, Washington, Tyne And Wear, NE38 8TX	£170,000	£170,000	£0	02 Apr 2024	15 Nov 2024	227 Days
4 Breamish Drive, Washington, Tyne And Wear, NE38 9HS	£425,000	£410,000	-£15,000	06 Feb 2024	11 Nov 2024	279 Days
109 Dunstanburgh Close, Washington, Tyne And Wear, NE38 0JG	£44,000	£39,999	-£4,001	16 Aug 2024	08 Nov 2024	84 Days
9 Hawkhirst, Washington, Tyne And Wear, NE38 8SQ	£395,000	£395,000	£0	11 Jun 2024	05 Nov 2024	147 Days
33 The Spinney, Washington, Tyne And Wear, NE38 8RY	£185,000	£185,000	£0	11 Jul 2024	29 Oct 2024	110 Days
15 Wheatear Close, Washington, Tyne And Wear, NE38 0DH	£149,950	£145,000	-£4,950	25 May 2024	25 Oct 2024	153 Days
26 Graylands, High Rickleton, Washington, Tyne And Wear, NE38 9HF	£419,950	£415,000	-£4,950	22 Aug 2024	23 Oct 2024	62 Days

Most Expensive Streets in NE38 (Washington)

Postcode	Street	Area	Average	No. of Sales
NE38 9HH	Picktree	Washington	£948,333	3
NE38 9DB	Bramhall Drive	Washington	£633,750	4
NE38 9DF	Shrigley Close	Washington	£624,666	3
NE38 9DE	Bramhall Drive	Washington	£599,857	7
NE38 7NW	Whitby Drive	Washington	£535,000	4
NE38 8BJ	Duxbury Park	Washington	£508,500	4
NE38 9BN	The Generals Wood	Washington	£442,500	4
NE38 8BP	Fatfield Park	Washington	£441,843	16
NE38 8AH	South View	Washington	£424,050	5
NE38 8FD	Dovestone Close	Washington	£416,166	3

Least Expensive Streets in NE38 (Washington)

Postcode	Street	Area	Average	No. of Sales
NE38 9ET	Rickleton Village Centre	Washington	£45,775	3
NE38 8NJ	Sherringham House, Station Road	Washington	£45,980	5
NE38 0HR	Bamburgh Close	Washington	£49,833	3
NE38 0HX	Lumley Close	Washington	£59,500	5
NE38 0JH	Witton Court	Washington	£62,324	6
NE38 0HZ	Lumley Close	Washington	£63,100	5
NE38 7LS	Grasmere Gardens	Washington	£63,333	3
NE38 7JY	Waltham	Washington	£66,166	3
NE38 0JE	Dunstanburgh Close	Washington	£69,500	3
NE38 7DD	Willows Close	Washington	£70,000	3