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Prudhoe House Prices Prudhoe House Prices

The average house price in Prudhoe is £176,707 using HM Land Registry data.

The average property price increased by £17,225 (9.54%) over the last 5 years and increased by £3,442 (1.77%) over the last 12 months.

Over the last year, there were 109 residential property sales – a decrease of 52 transactions (-47.71%) relative to the previous year. The majority of house sales (34) were in the £90,000 - £138,000 range. Then came properties in the £138,000 - £186,000 range, where 22 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 £-7,397 (-3%).

In April 2024, there were 20 new estate agency instructions, 23 agreed home sales and 9 property price reductions.

Postcodes Covered: NE42

5-Year Average Property Prices in Prudhoe

9.54%

Property prices in Prudhoe increased by 9.54% 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 Prudhoe Over the Last Year

1.77%

Property prices in Prudhoe increased by 1.77% 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 Prudhoe - 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 Prudhoe

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 Prudhoe

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 Prudhoe

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 Prudhoe since 1995

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

Recent Property Sales in Prudhoe

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
27 Sycamore Grove, Prudhoe, Northumberland, NE42 6QA£162,500£162,250-£25030 Oct 202309 Feb 2024102 Days
12 The Copse, Prudhoe, Northumberland, NE42 5DA£280,000£270,010-£9,99026 Oct 202227 Jan 2024458 Days
91 Park Lane, Prudhoe, Northumberland, NE42 5LW£175,000£150,000-£25,00003 Oct 202312 Jan 2024101 Days
6 West Wylam Drive, Prudhoe, Northumberland, NE42 5EP£74,950£70,000-£4,95005 Oct 202305 Jan 202492 Days
29 Milton Grove, Prudhoe, Northumberland, NE42 6JL£125,000£125,000£0001 Oct 202320 Dec 202380 Days
73 Cheviot View, Prudhoe, Northumberland, NE42 5AT£140,000£134,000-£6,00029 Aug 202318 Dec 2023111 Days
6 Cranleigh Grove, Prudhoe, Northumberland, NE42 5QA£159,950£148,000-£11,95017 Apr 202315 Dec 2023242 Days
25 Kepwell Road, Prudhoe, Northumberland, NE42 6PD£150,000£140,000-£10,00023 Feb 202312 Dec 2023292 Days
12 Park Avenue, Prudhoe, Northumberland, NE42 5BA£230,000£225,000-£5,00020 Jul 202308 Dec 2023141 Days
3 Tarset Drive, Prudhoe, Northumberland, NE42 5AL£140,000£134,000-£6,00023 May 202324 Nov 2023185 Days
Penticton, Station Road, Prudhoe, Northumberland, NE42 5PR£330,000£324,000-£6,00001 Jun 202323 Nov 2023175 Days
46 West Road, Prudhoe, Northumberland, NE42 6HR£225,000£220,000-£5,00017 Jun 202327 Oct 2023132 Days
59 Moorlands, Prudhoe, Northumberland, NE42 5LR£220,000£220,000£0027 Apr 202320 Oct 2023176 Days
5 Northumberland Court, Prudhoe, Northumberland, NE42 5FN£320,000£315,000-£5,00006 Jun 202317 Oct 2023133 Days
14 Ovington View, Prudhoe, Northumberland, NE42 6RG£325,000£325,000£0017 Jun 202316 Oct 2023121 Days
71 Redwell Road, Prudhoe, Northumberland, NE42 5AF£115,000£107,500-£7,50021 Mar 202302 Oct 2023195 Days
12 Swalwell Close, Prudhoe, Northumberland, NE42 6EX£180,000£179,000-£1,00007 Feb 202329 Sep 2023234 Days
160 Castle Road, Prudhoe, Northumberland, NE42 6PY£160,000£155,000-£5,00017 Feb 202329 Sep 2023224 Days
11 Tyne View Terrace, Prudhoe, Northumberland, NE42 5PX£125,000£125,000£0004 Jul 202329 Sep 202387 Days
24 Maple Grove, Prudhoe, Northumberland, NE42 6PU£170,000£167,000-£3,00002 Jun 202329 Sep 2023119 Days

Most Expensive Streets in Prudhoe

PostcodeStreetAreaAverageNo. of Sales
NE42 5FUBarony DriveCottier Grange£457,5955
NE42 5BZSpinney GardensCottier Grange£373,80511
NE42 5EYWoodland ViewCottier Grange£357,96510
NE42 5FXMccoull DriveCottier Grange£349,1069
NE42 5FNNorthumberland CourtPrudhoe£328,7504
NE42 5LHMoor RoadPrudhoe£306,2504
NE42 5QXMill View RisePrudhoe£305,4916
NE42 6RGOvington ViewPrudhoe£302,4878
NE42 5FRBells LonnenPrudhoe£296,6666
NE42 5PNBeechwood DrivePrudhoe£287,0756

Least Expensive Streets in Prudhoe

PostcodeStreetAreaAverageNo. of Sales
NE42 5JYLocomotive CourtPrudhoe£80,6005
NE42 6NFCastle ClosePrudhoe£87,7504
NE42 6NHCastle LeaPrudhoe£88,8333
NE42 5HPNeale StreetPrudhoe£89,2504
NE42 5ETThe ManorsAdderlane Road£90,1427
NE42 5PXTyne View TerracePrudhoe£93,2415
NE42 5DRWoodhead RoadPrudhoe£94,2505
NE42 6HPWest RoadPrudhoe£95,5717
NE42 5ADWesley StreetPrudhoe£96,6663
NE42 5DWScales CrescentPrudhoe£96,6663

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