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Newcastle upon Tyne House Prices Newcastle upon Tyne House Prices

The average house price in Newcastle upon Tyne is £230,447 using HM Land Registry data.

The average property price increased by £50,969 (25.64%) over the last 5 years and increased by £10,189 (4.25%) over the last 12 months.

Over the last year, there were 2,637 residential property sales – a decrease of 990 transactions (-37.54%) relative to the previous year. The majority of house sales (743) were in the £90,000 - £158,000 range. Then came properties in the £158,000 - £226,000 range, where 685 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 57 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,735 (-2%).

In Oct 24, there were 420 new estate agency instructions, 371 agreed home sales and 182 property price reductions.

Neighbouring Areas: Longbenton, Wallsend, Hebburn, Blaydon, Gateshead

Postcodes Covered: NE1, NE12, NE13, NE15, NE2, NE28, NE3, NE4, NE5, NE6, NE7

5-Year Average Property Prices in Newcastle upon Tyne

25.64%

Property prices in Newcastle upon Tyne increased by 25.64% 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 Newcastle upon Tyne Over the Last Year

4.25%

Property prices in Newcastle upon Tyne increased by 4.25% 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 Newcastle upon Tyne - Oct 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 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 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 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 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 Newcastle upon Tyne since 1995

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

Recent Property Sales in Newcastle upon Tyne

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Cheeseburn Gardens, Newcastle Upon Tyne, Tyne And Wear, NE5 2HY£110,000£105,000-£5,00008 May 202423 Aug 2024107 Days
3 Eldon Place, Lemington, Newcastle Upon Tyne, Tyne And Wear, NE15 8AQ£129,950£129,950£0020 May 202423 Aug 202495 Days
25 Coxlodge Terrace, Newcastle Upon Tyne, Tyne And Wear, NE3 3UF£142,000£136,000-£6,00029 Jan 202415 Aug 2024199 Days
5 Hayleazes Road, Newcastle Upon Tyne, Tyne And Wear, NE15 7TQ£120,000£120,000£0013 Mar 202414 Aug 2024154 Days
19 Yatesbury Avenue, Newcastle Upon Tyne, Tyne And Wear, NE5 3SZ£130,000£125,000-£5,00009 Mar 202409 Aug 2024153 Days
74 Avalon Drive, Newcastle Upon Tyne, Tyne And Wear, NE15 7SF£84,950£84,950£0027 Sep 202309 Aug 2024317 Days
8/5, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear, NE1 6BG£120,000£120,000£0024 Apr 202309 Aug 2024473 Days
87 Burnham Avenue, Newcastle Upon Tyne, Tyne And Wear, NE15 8QG£160,000£160,000£0023 Mar 202407 Aug 2024137 Days
85 Featherstone Grove, Newcastle Upon Tyne, Tyne And Wear, NE3 5RF£425,000£422,598-£2,40204 Sep 202306 Aug 2024337 Days
61 Harbottle Court, Newcastle Upon Tyne, Tyne And Wear, NE6 2AH£100,000£96,500-£3,50022 Feb 202406 Aug 2024166 Days
34 Fernwood Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 5DL£250,000£247,500-£2,50012 Jan 202401 Aug 2024202 Days
14 Nedderton Close, Walbottle, Newcastle Upon Tyne, Tyne And Wear, NE5 1QF£185,000£185,000£0028 Feb 202401 Aug 2024155 Days
58 Binswood Avenue, Newcastle Upon Tyne, Tyne And Wear, NE5 3PP£145,000£142,000-£3,00005 Mar 202401 Aug 2024149 Days
7 Nidsdale Avenue, Newcastle Upon Tyne, Tyne And Wear, NE6 4LN£165,000£164,000-£1,00030 Apr 202401 Aug 202493 Days
21 Baxter Avenue, Newcastle Upon Tyne, Tyne And Wear, NE4 9QD£210,000£175,500-£34,50015 Feb 201231 Jul 20244550 Days
1 Southway, Newcastle Upon Tyne, Tyne And Wear, NE15 7RA£145,000£145,000£0016 Feb 202431 Jul 2024166 Days
21 Burnfoot Way, Newcastle Upon Tyne, Tyne And Wear, NE3 4TL£99,950£95,000-£4,95029 Apr 202426 Jul 202488 Days
20 Antrim Close, Newcastle Upon Tyne, Tyne And Wear, NE5 3UG£159,950£159,950£0017 Feb 202426 Jul 2024160 Days
46 The Glade, North Walbottle, Newcastle Upon Tyne, Tyne And Wear, NE15 9XJ£375,000£368,000-£7,00029 Feb 202426 Jul 2024148 Days
51 Nunwick Way, Newcastle Upon Tyne, Tyne And Wear, NE7 7GB£530,000£515,000-£15,00028 Mar 202426 Jul 2024120 Days

Most Expensive Streets in Newcastle upon Tyne

PostcodeStreetAreaAverageNo. of Sales
NE3 4BHGraham Park RoadNewcastle Upon Tyne£1,781,5004
NE7 7BUJesmond Park WestNewcastle Upon Tyne£1,541,6663
NE3 4JHMontagu AvenueNewcastle Upon Tyne£1,535,0004
NE2 2HELindisfarne RoadNewcastle Upon Tyne£1,271,7377
NE3 4BDElmfield RoadGosforth£1,269,5006
NE3 4EAFurzefield RoadNewcastle Upon Tyne£1,235,0833
NE3 4AQMoor CrescentNewcastle Upon Tyne£1,153,3336
NE3 4DSNorth AvenueGosforth£1,144,8333
NE2 1JUOsborne VillasNewcastle Upon Tyne£1,142,5004
NE2 3JYMitchell AvenueNewcastle Upon Tyne£1,098,4068

Least Expensive Streets in Newcastle upon Tyne

PostcodeStreetAreaAverageNo. of Sales
NE6 2JDCanterbury StreetNewcastle Upon Tyne£42,0333
NE3 2BUBroomley CourtNewcastle Upon Tyne£43,0003
NE5 2JNDenton CourtSilver Lonnen£43,2504
NE6 3NPKingsmere GardensNewcastle Upon Tyne£44,88413
NE6 2SEBenson RoadNewcastle Upon Tyne£45,0754
NE5 3YFSt Keverne SquareNewcastle Upon Tyne£46,6663
NE5 3XZSt Just PlaceKenton£47,4874
NE3 2JYWitton CourtNewcastle Upon Tyne£47,6663
NE4 8UNColston StreetNewcastle Upon Tyne£47,8505
NE4 8EBAxbridge GardensNewcastle Upon Tyne£49,6663

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