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Washington House Prices Washington House Prices

The average house price in Washington is £158,116 using HM Land Registry data.

The average property price increased by £5,856 (3.63%) over the last 5 years and increased by £1,170 (0.71%) over the last 12 months.

Over the last year, there were 452 residential property sales – a decrease of 143 transactions (-31.64%) relative to the previous year. The majority of house sales (159) were in the £110,000 - £160,000 range. Then came properties in the £60,000 - £110,000 range, where 88 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 43 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,252 (-2%).

In April 2024, there were 78 new estate agency instructions, 70 agreed home sales and 47 property price reductions.

Neighbouring Areas: Sunderland, Birtley, Chester-le-Street

Postcodes Covered: NE37, NE38, SR4, SR5

5-Year Average Property Prices in Washington

3.63%

Property prices in Washington increased by 3.63% 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 Washington Over the Last Year

0.71%

Property prices in Washington increased by 0.71% 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 Washington - 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 Washington

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 Washington

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 Washington

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 Washington since 1995

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

Recent Property Sales in Washington

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
35 Kirkham, Washington, Tyne And Wear, NE38 7EY£169,950£168,000-£1,95027 Sep 202313 Mar 2024168 Days
40 Lakeside Gardens, Washington, Tyne And Wear, NE38 8NB£170,000£169,000-£1,00012 May 202313 Mar 2024306 Days
15 Greenwood Close, Washington, Tyne And Wear, NE38 8LR£340,000£340,000£0015 Dec 202308 Mar 202484 Days
2 Bassenfell Court, Washington, Tyne And Wear, NE37 1RP£99,950£95,000-£4,95002 Nov 202329 Feb 2024119 Days
103 Wellburn Road, Washington, Tyne And Wear, NE37 1DD£140,000£137,000-£3,00019 Sep 202316 Feb 2024150 Days
26 Athelhampton, Washington, Tyne And Wear, NE38 8TA£162,000£160,000-£2,00030 Oct 202309 Feb 2024102 Days
242 Coach Road Estate, Washington, Tyne And Wear, NE37 2EU£125,000£120,000-£5,00005 Jul 202302 Feb 2024212 Days
20 Muirfield Drive, Washington, Tyne And Wear, NE37 2LS£170,000£165,000-£5,00019 Oct 202302 Feb 2024106 Days
12 Cormorant Close, Washington, Tyne And Wear, NE38 0DE£100,000£95,000-£5,00009 Aug 202331 Jan 2024175 Days
134 Waterloo Walk, Washington, Tyne And Wear, NE37 3EL£20,100£20,100£0027 Sep 202331 Jan 2024126 Days
77 Marwell Drive, Washington, Tyne And Wear, NE37 3LH£170,000£165,500-£4,50007 Jun 202331 Jan 2024238 Days
19 Lakeside Gardens, Washington, Tyne And Wear, NE38 8NB£95,000£90,000-£5,00025 Oct 202319 Jan 202486 Days
139 Collingwood Court, Washington, Tyne And Wear, NE37 3EF£40,000£29,000-£11,00022 Jun 202319 Jan 2024211 Days
9 Morningside, Washington, Tyne And Wear, NE38 9JH£375,000£368,000-£7,00024 Jul 202317 Jan 2024177 Days
16 Grasmere Terrace, Washington, Tyne And Wear, NE38 7LP£100,000£95,000-£5,00021 Dec 202205 Jan 2024380 Days
1 Nairn Close, Washington, Tyne And Wear, NE37 1PN£340,000£320,000-£20,00018 Sep 202320 Dec 202393 Days
32 Cairngorm Avenue, Washington, Tyne And Wear, NE38 0QW£149,950£65,471-£84,47913 Sep 201919 Dec 20231558 Days
39 Bede Crescent, Washington, Tyne And Wear, NE38 7HZ£155,000£148,000-£7,00022 Jun 202315 Dec 2023176 Days
188 Coach Road Estate, Washington, Tyne And Wear, NE37 2ER£95,000£95,000£0012 Sep 202315 Dec 202394 Days
29 Henson Close, Washington, Tyne And Wear, NE38 7RL£125,000£120,000-£5,00014 Jul 202314 Dec 2023153 Days

Most Expensive Streets in Washington

PostcodeStreetAreaAverageNo. of Sales
NE38 9DBBramhall DriveWashington£633,3336
NE38 9DEBramhall DriveWashington£586,5008
NE37 1PDLoch LomondWashington£538,2005
NE38 8BJDuxbury ParkWashington£508,5004
NE38 7NWWhitby DriveWashington£473,7506
NE37 1SEGullaneWashington£442,5193
NE37 1PXWentworth DriveWashington£436,0007
NE38 8FDDovestone CloseWashington£421,5004
NE37 3HJUsworth HallWashington£416,1005
NE38 9BWThe Generals WoodWashington£413,3603

Least Expensive Streets in Washington

PostcodeStreetAreaAverageNo. of Sales
NE37 3ENWaterloo WalkWashington£16,8336
NE37 3DXWaterloo CourtWashington£19,8333
NE37 3EPWellington WalkWashington£22,0427
NE37 3ELWaterloo WalkWashington£22,3717
NE37 3EFCollingwood CourtWashington£22,96225
NE37 3EQKenilworth CourtWashington£23,6434
NE37 3EDCollingwood CourtWashington£24,46811
NE37 3EGKenilworth CourtWashington£25,65412
NE37 3DTWellington CourtWashington£26,7427
NE37 3EBCollingwood CourtWashington£28,21212

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