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Shiremoor House Prices Shiremoor House Prices

The average house price in Shiremoor is £180,000 using HM Land Registry data.

The average property price increased by £15,251 (9.37%) over the last 5 years and increased by £3,048 (1.74%) over the last 12 months.

Over the last year, there were 91 residential property sales – a decrease of 26 transactions (-28.57%) relative to the previous year. The majority of house sales (21) were in the £126,000 - £152,000 range. Then came properties in the £100,000 - £126,000 range, where 20 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 87 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,428 (-2%).

In April 2024, there were 13 new estate agency instructions, 12 agreed home sales and 5 property price reductions.

Neighbouring Areas: Tynemouth

Postcodes Covered: NE27

5-Year Average Property Prices in Shiremoor

9.37%

Property prices in Shiremoor increased by 9.37% 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 Shiremoor Over the Last Year

1.74%

Property prices in Shiremoor increased by 1.74% 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 Shiremoor - 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 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 Shiremoor

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 Shiremoor

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 Shiremoor

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 Shiremoor since 1995

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

Recent Property Sales in Shiremoor

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
46 Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear, NE27 0BP£325,000£320,000-£5,00006 Oct 202307 Mar 2024153 Days
14 Langley Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0UB£159,950£155,000-£4,95015 Dec 202322 Feb 202469 Days
15 Greenrigg Place, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0GA£239,950£230,000-£9,95016 Feb 202307 Feb 2024356 Days
38 Langley Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0UB£160,000£150,000-£10,00014 Apr 202310 Nov 2023210 Days
24 Abbey Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0RG£95,000£93,000-£2,00005 Jul 202303 Nov 2023121 Days
28 Angerton Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0TU£220,000£200,000-£20,00015 May 202303 Nov 2023172 Days
26 Grange Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0SZ£120,000£120,000£0030 Jun 202303 Nov 2023126 Days
41 Wark Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0SU£140,000£140,000£0031 May 202303 Nov 2023156 Days
27 Ridley Gardens, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0FQ£120,000£116,500-£3,50022 Nov 201702 Nov 20232171 Days
18 Belford Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0PA£135,000£135,000£0008 Jun 202331 Oct 2023145 Days
52 Horton Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0PX£167,000£167,000£0010 Jun 202325 Oct 2023137 Days
14 Harrow Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0QY£140,000£138,000-£2,00016 May 202306 Oct 2023143 Days
28 Allendale Crescent, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0UE£199,950£197,000-£2,95024 Jul 202308 Sep 202346 Days
26 Brenkley Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0PR£140,000£140,000£0003 May 202325 Aug 2023114 Days
17 Edgefield, West Allotment, Newcastle Upon Tyne, Tyne And Wear, NE27 0BT£210,000£210,000£0004 May 202304 Aug 202392 Days
13 St Marks Court, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0RS£75,000£75,000£0028 Mar 202328 Jul 2023122 Days
6 James Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0QU£119,000£119,000£0008 Feb 202321 Jul 2023163 Days
75 South Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0HS£155,000£145,000-£10,00020 Jan 202314 Jul 2023175 Days
35 Brandon Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0NJ£110,000£110,000£0007 Feb 202321 Jun 2023134 Days
14 Dukesfield, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0EZ£120,000£120,000£0018 Nov 202216 Jun 2023210 Days

Most Expensive Streets in Shiremoor

PostcodeStreetAreaAverageNo. of Sales
NE27 0FHRichardson GardensShiremoor£298,0669
NE27 0FADeleval CrescentShiremoor£291,7247
NE27 0GBEarlsmeadowShiremoor£285,39419
NE27 0FPViscount CloseShiremoor£268,26113
NE27 0GEAcorn LaneShiremoor£252,0006
NE27 0DPHastings DriveShiremoor£222,70510
NE27 0TPBrunswick RoadShiremoor£211,0003
NE27 0GAGreenrigg PlaceShiremoor£205,5005
NE27 0SQBeaumont CloseShiremoor£200,91513
NE27 0FQRidley GardensShiremoor£199,84021

Least Expensive Streets in Shiremoor

PostcodeStreetAreaAverageNo. of Sales
NE27 0QRAnn StreetShiremoor£61,1805
NE27 0RSSt Marks CourtShiremoor£80,6254
NE27 0RGAbbey CourtShiremoor£85,69213
NE27 0NJBrandon AvenueShiremoor£96,3705
NE27 0TLPark LaneShiremoor£102,1005
NE27 0NRKirkland WalkShiremoor£103,0504
NE27 0HRHector StreetShiremoor£104,7905
NE27 0SZGrange AvenueShiremoor£105,0004
NE27 0NSFord CrescentShiremoor£109,3333
NE27 0LJPark CrescentShiremoor£119,4254

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