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House Prices in NE8 House Prices in NE8 (Gateshead)

The average house price in NE8 (Gateshead) is £133,558 using HM Land Registry data.

The average property price increased by £15,088 (11.3%) over the last 5 years and increased by £3,022 (1.89%) over the last 12 months.

Over the last year, there were 316 residential property sales – a decrease of 110 transactions (-34.81%) relative to the previous year. The majority of house sales (67) were in the £70,000 - £98,000 range. Then came properties in the £126,000 - £154,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 116 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,226 (-3%).

In January 2025, there were 78 new estate agency instructions, 46 agreed home sales and 37 property price reductions.

Nearby Postcodes: , CA6, CA8, CA9, DH2, DH3, DH8, DH9, DH98, DL13, NE1, NE10, NE11, NE12, NE13, NE15, NE16, NE17, NE18, NE19, NE2, NE20, NE21, NE22, NE23, NE24, NE27, NE28, NE3, NE31, NE32, NE36, NE37, NE39, NE4, NE40, NE41, NE42, NE43, NE44, NE45, NE46, NE47, NE48, NE49, NE5, NE6, NE61, NE62, NE63, NE64, NE65, NE66, NE67, NE68, NE69, NE7, NE70, NE71, NE82, NE83, NE85, NE88, NE9, NE99, TD15, TD5, TD8, TD9

5-Year Average Property Prices in NE8 (Gateshead)

11.3%

Property prices in NE8 (Gateshead) increased by 11.3% 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 NE8 (Gateshead) Over the Last Year

1.89%

Property prices in NE8 (Gateshead) increased by 1.89% 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 NE8 (Gateshead) - January 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 NE8 (Gateshead)

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 NE8 (Gateshead)

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 NE8 (Gateshead)

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 NE8 (Gateshead) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE8 postcode area since 1995.

Recent Sales in NE8 (Gateshead)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
291 Rectory Road, Gateshead, Tyne And Wear, NE8 4RS£125,000£122,000-£3,00025 Jul 202426 Nov 2024124 Days
62 Rayleigh Grove, Gateshead, Tyne And Wear, NE8 4QQ£159,950£157,950-£2,00023 Apr 202411 Nov 2024202 Days
150a, Whitehall Road, Gateshead, Tyne And Wear, NE8 1TP£115,000£105,000-£10,00030 Apr 202408 Nov 2024192 Days
93 Sanderson Villas, Gateshead, Tyne And Wear, NE8 3BU£90,000£90,000£031 Jul 202406 Nov 202498 Days
9 Bridges View, Gateshead, Tyne And Wear, NE8 1NZ£79,950£78,000-£1,95027 Aug 202425 Oct 202459 Days
11 Avon Street, Gateshead, Tyne And Wear, NE8 3SH£150,000£140,000-£10,00001 Jul 202415 Oct 2024106 Days
2 St Edmunds Road, Gateshead, Tyne And Wear, NE8 4AX£199,950£190,000-£9,95007 May 202416 Aug 2024101 Days
213 Westbourne Avenue, Gateshead, Tyne And Wear, NE8 4NR£200,000£195,000-£5,00022 Feb 202405 Aug 2024165 Days
52 Ellison Villas, Gateshead, Tyne And Wear, NE8 3RX£105,000£100,000-£5,00010 Apr 202401 Aug 2024113 Days
44 Edison Gardens, Gateshead, Tyne And Wear, NE8 4SE£100,000£99,500-£50030 Jan 202405 Jul 2024157 Days
80 Shipcote Terrace, Gateshead, Tyne And Wear, NE8 4AA£70,000£70,000£008 Jan 202417 Jun 2024161 Days
4 Moore Street Villas, Gateshead, Tyne And Wear, NE8 3PG£125,000£115,000-£10,00023 Aug 202307 Jun 2024289 Days
5a, Poplar Crescent, Bensham, Gateshead, Tyne And Wear, NE8 1QD£129,950£122,000-£7,95008 Aug 202317 May 2024283 Days
17 Burney Villas, Gateshead, Tyne And Wear, NE8 3RH£80,000£78,000-£2,00015 Nov 202229 Apr 2024531 Days
60 Exeter Street, Gateshead, Tyne And Wear, NE8 4EY£155,000£155,000£018 Jan 202426 Apr 202499 Days
48 Howe Street, Gateshead, Tyne And Wear, NE8 3PP£69,950£66,500-£3,45016 Jan 202428 Mar 202472 Days
219 Bensham Road, Gateshead, Tyne And Wear, NE8 1US£190,000£190,000£002 Jan 202425 Mar 202483 Days
323 Sanderson Villas, Gateshead, Tyne And Wear, NE8 3DE£87,500£60,000-£27,50018 Aug 202122 Mar 2024947 Days
20 Ripon Street, Gateshead, Tyne And Wear, NE8 4EP£74,950£70,000-£4,95026 Sep 202222 Mar 2024543 Days
11 Barrington Place, Gateshead, Tyne And Wear, NE8 1XA£395,000£350,000-£45,00017 Oct 202322 Mar 2024157 Days

Most Expensive Streets in NE8 (Gateshead)

PostcodeStreetAreaAverageNo. of Sales
NE8 4EGCamborne ParkGateshead£291,6663
NE8 4JRDurham RoadGateshead£285,8124
NE8 4NEAvondale TerraceGateshead£282,6663
NE8 4JSSaltwell ViewGateshead£278,5265
NE8 4SPWest Park RoadGateshead£271,6663
NE8 1TLClaremont PlaceGateshead£263,0655
NE8 1XABarrington PlaceGateshead£259,3333
NE8 1TUWindermere StreetGateshead£257,0004
NE8 1TYBewick RoadGateshead£253,3333
NE8 3PFSt Edmunds CourtGateshead£234,9995

Least Expensive Streets in NE8 (Gateshead)

PostcodeStreetAreaAverageNo. of Sales
NE8 4XJStephenson StreetGateshead£46,9994
NE8 4SLMaple GroveGateshead£49,7504
NE8 1QEHillfield StreetGateshead£55,6663
NE8 3PTBayfield GardensGateshead£56,8333
NE8 4QBHyde Park StreetGateshead£57,3005
NE8 1XTBensham AvenueGateshead£57,9503
NE8 3PNMoore StreetGateshead£61,6663
NE8 3PQHowe StreetGateshead£63,7504
NE8 4QSRawling RoadGateshead£63,7504
NE8 3PPHowe StreetGateshead£63,9705

Explore NE8 (Gateshead) using map

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