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Gateshead House Prices Gateshead House Prices

The average house price in Gateshead is £149,604 using HM Land Registry data.

The average property price increased by £18,285 (12.77%) over the last 5 years and increased by £3,654 (2.32%) over the last 12 months.

Over the last year, there were 1,128 residential property sales – a decrease of 321 transactions (-28.46%) relative to the previous year. The majority of house sales (290) were in the £116,000 - £152,000 range. Then came properties in the £80,000 - £116,000 range, where 243 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 48 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,929 (-1%).

In April 2024, there were 170 new estate agency instructions, 142 agreed home sales and 67 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

12.77%

Property prices in Gateshead increased by 12.77% 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 - 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 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
35 Market Lane, Gateshead, Tyne And Wear, NE11 9NX£155,000£155,000£0012 Dec 202307 Mar 202486 Days
112 Rodsley Avenue, Gateshead, Tyne And Wear, NE8 4LA£85,000£77,500-£7,50001 Sep 202307 Mar 2024188 Days
6 Glenbrooke Terrace, Gateshead, Tyne And Wear, NE9 6AJ£190,000£165,000-£25,00027 Sep 202301 Mar 2024156 Days
32 Coldwell Park Drive, Gateshead, Tyne And Wear, NE10 9BY£259,950£240,000-£19,95018 Oct 202327 Feb 2024132 Days
165 Redgrave Close, Gateshead, Tyne And Wear, NE8 3JT£94,000£94,000£0019 Oct 202316 Feb 2024120 Days
28 Hillside Place, Gateshead, Tyne And Wear, NE9 5SP£100,000£96,000-£4,00014 Nov 202315 Feb 202493 Days
219 Dryden Road, Gateshead, Tyne And Wear, NE9 5DA£259,950£250,000-£9,95004 Oct 202312 Feb 2024131 Days
6 Rickgarth, Gateshead, Tyne And Wear, NE10 8QT£130,000£128,500-£1,50022 Dec 202312 Feb 202452 Days
67 Colegate, Gateshead, Tyne And Wear, NE10 8PP£125,000£125,000£0016 Sep 202312 Feb 2024149 Days
47 Thomas Street, Eighton Banks, Gateshead, Tyne And Wear, NE9 7YA£245,000£245,000£0002 Nov 202306 Feb 202496 Days
26 Douglas Gardens, Gateshead, Tyne And Wear, NE11 9RA£100,000£100,000£0018 Oct 202306 Feb 2024111 Days
5 Swallow Tail Drive, Gateshead, Tyne And Wear, NE11 9TG£155,000£155,000£0031 Oct 202301 Feb 202493 Days
19 Seascale Place, Gateshead, Tyne And Wear, NE9 6YP£125,000£118,000-£7,00031 Aug 202331 Jan 2024153 Days
52 Chaucer Close, Gateshead, Tyne And Wear, NE8 3NG£90,000£90,000£0025 Oct 202330 Jan 202497 Days
28 Redruth Gardens, Gateshead, Tyne And Wear, NE9 6XW£200,000£190,000-£10,00015 Sep 202326 Jan 2024133 Days
14 Park Terrace, Dunston, Gateshead, Tyne And Wear, NE11 9PA£185,000£182,500-£2,50008 Aug 202326 Jan 2024171 Days
1 Redesdale Gardens, Gateshead, Tyne And Wear, NE11 9XH£245,000£245,000£0002 Oct 202326 Jan 2024116 Days
25 Moss Side, Wrekenton, Gateshead, Tyne And Wear, NE9 7UU£125,000£120,000-£5,00003 Apr 202320 Dec 2023261 Days
186 Brinkburn Avenue, Gateshead, Tyne And Wear, NE8 4JX£114,950£114,950£0008 Aug 202319 Dec 2023133 Days
22 Dishforth Green, Gateshead, Tyne And Wear, NE9 7EZ£99,950£98,500-£1,45025 Aug 202315 Dec 2023112 Days

Most Expensive Streets in Gateshead

PostcodeStreetAreaAverageNo. of Sales
NE9 5EZWhinney HouseDurham Road£501,7254
NE9 5BJAshtrees GardensGateshead£496,1663
NE9 5ASHeathfield PlaceLow Fell£470,47710
NE9 5DNWestover GardensGateshead£452,5003
NE9 5DDValley DriveLow Fell£423,8333
NE9 6BALyndhurst CrescentGateshead£418,9287
NE9 5BELimetrees GardensGateshead£418,1003
NE9 6ADDeneside AvenueGateshead£410,2005
NE9 6ETSelborne AvenueGateshead£390,0003
NE9 5XYKells LaneGateshead£388,0004

Least Expensive Streets in Gateshead

PostcodeStreetAreaAverageNo. of Sales
NE9 6LZStretford CourtGateshead£33,9163
NE10 0NQRidley TerraceGateshead£43,0994
NE9 7JFWillerby CourtGateshead£44,5995
NE8 4XJStephenson StreetGateshead£47,3323
NE8 3SXClyde StreetGateshead£48,0403
NE8 4SLMaple GroveGateshead£49,6663
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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