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Gateshead House Prices Gateshead House Prices

The average house price in Gateshead is £160,290 using HM Land Registry data.

The average property price increased by £18,557 (12.73%) over the last 5 years and increased by £3,718 (2.32%) over the last 12 months.

Over the last year, there were 1,042 residential property sales – a decrease of 267 transactions (-25.62%) relative to the previous year. The majority of house sales (267) were in the £120,000 - £160,000 range. Then came properties in the £80,000 - £120,000 range, where 244 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 93 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,756 (-2%).

In Dec 24, there were 88 new estate agency instructions, 89 agreed home sales and 38 property price reductions.

Neighbouring Areas: Newcastle upon Tyne, Hebburn, Blaydon, Whickham

Postcodes Covered: NE10, NE11, NE36, NE8, NE9

5-Year Average Property Prices in Gateshead

12.73%

Property prices in Gateshead increased by 12.73% 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 Gateshead Over the Last Year

2.32%

Property prices in Gateshead increased by 2.32% 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 Gateshead - 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 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 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 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 Gateshead since 1995

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

Recent Property Sales in Gateshead

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
8 Berkhampstead Court, Gateshead, Tyne And Wear, NE10 8LF£175,000£173,000-£2,00002 May 202429 Nov 2024211 Days
148 Redemarsh, Gateshead, Tyne And Wear, NE10 8PS£125,000£118,000-£7,00009 Aug 202419 Nov 2024102 Days
45 Dovedale Gardens, Gateshead, Tyne And Wear, NE9 6NT£145,000£141,200-£3,80015 Jul 202415 Nov 2024123 Days
22 Eskdale Gardens, Gateshead, Tyne And Wear, NE9 6NS£239,950£235,000-£4,95020 Jun 202415 Nov 2024148 Days
30 Monkridge Gardens, Gateshead, Tyne And Wear, NE11 9XE£179,950£170,000-£9,95028 Sep 201215 Nov 20244431 Days
15 Larchwood Gardens, Gateshead, Tyne And Wear, NE11 0DT£130,000£120,000-£10,00001 Aug 202415 Nov 2024106 Days
5 Claypath, Gateshead, Tyne And Wear, NE10 8RQ£99,950£96,000-£3,95009 Apr 202415 Nov 2024220 Days
29 Glanton Close, Gateshead, Tyne And Wear, NE10 8UH£120,000£120,000£0019 Aug 202414 Nov 202487 Days
62 Rayleigh Grove, Gateshead, Tyne And Wear, NE8 4QQ£159,950£157,950-£2,00023 Apr 202411 Nov 2024202 Days
35 Cheviot Gardens, Gateshead, Tyne And Wear, NE11 9LQ£160,000£155,000-£5,00015 Aug 202408 Nov 202485 Days
150a, Whitehall Road, Gateshead, Tyne And Wear, NE8 1TP£115,000£105,000-£10,00030 Apr 202408 Nov 2024192 Days
46 Dunkeld Close, Gateshead, Tyne And Wear, NE10 8WH£135,000£132,000-£3,00009 Jul 202407 Nov 2024121 Days
65 Oakfield Road, Gateshead, Tyne And Wear, NE11 0AD£190,000£180,000-£10,00015 May 202401 Nov 2024170 Days
22 Knoll Rise, Gateshead, Tyne And Wear, NE11 9QQ£220,000£217,000-£3,00002 Sep 202401 Nov 202460 Days
6 Mitford Gardens, Gateshead, Tyne And Wear, NE11 0BA£135,000£135,000£0015 Jun 202401 Nov 2024139 Days
34 Redesdale Gardens, Gateshead, Tyne And Wear, NE11 9XH£230,000£225,000-£5,00021 May 202430 Oct 2024162 Days
2 Mareburn Crescent, Gateshead, Tyne And Wear, NE10 0PP£95,000£93,500-£1,50023 Aug 202429 Oct 202467 Days
49 Woodburn Gardens, Dunston, Gateshead, Tyne And Wear, NE11 9RT£160,000£160,000£0027 Jun 202425 Oct 2024120 Days
17 Percy Gardens, Gateshead, Tyne And Wear, NE11 9RY£265,000£265,000£0027 Apr 202425 Oct 2024181 Days
9 Bridges View, Gateshead, Tyne And Wear, NE8 1NZ£79,950£78,000-£1,95027 Aug 202425 Oct 202459 Days

Most Expensive Streets in Gateshead

PostcodeStreetAreaAverageNo. of Sales
NE9 6DECarlton TerraceLow Fell£615,0003
NE9 7TADurham RoadGateshead£486,2504
NE9 5DJValley DriveLow Fell£475,2003
NE9 5EZWhinney HouseDurham Road£474,3805
NE9 5ASHeathfield PlaceLow Fell£466,4199
NE9 6ADDeneside AvenueGateshead£457,0003
NE9 5DNWestover GardensGateshead£452,5003
NE9 5HTKells LaneGateshead£450,8333
NE9 5BELimetrees GardensGateshead£424,8254
NE9 5TAMusgrave RoadGateshead£420,3333

Least Expensive Streets in Gateshead

PostcodeStreetAreaAverageNo. of Sales
NE9 6LZStretford CourtGateshead£33,9163
NE9 7JFWillerby CourtGateshead£44,2494
NE8 4XJStephenson StreetGateshead£46,9994
NE10 0NQRidley TerraceGateshead£47,4795
NE8 4SLMaple GroveGateshead£49,6663
NE10 9QUStainton DriveGateshead£51,6663
NE10 8AJWardley CourtGateshead£52,9833
NE8 1QEHillfield StreetGateshead£55,6663
NE9 5UGThe FellsSalkeld Road£55,8336
NE8 3PTBayfield GardensGateshead£56,8333

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