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House Prices in NE1

The average house price in NE1 (Newcastle Upon Tyne) is £160,000 using HM Land Registry data.

The average property price increased by £141,341 (-49.74%) over the last 5 years and increased by £28,320 (-15.33%) over the last 12 months.

Over the last year, there were 65 residential property sales – a decrease of 30 transactions (-46.15%) relative to the previous year. The majority of house sales (16) were in the £120,000 - £150,000 range. Then came properties in the £150,000 - £180,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 161 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-2,250 (-1%).

In Oct 24, there were 29 new estate agency instructions, 12 agreed home sales and 19 property price reductions.

5-Year Average Property Prices in NE1 (Newcastle Upon Tyne)

-49.74%

Property prices in Newcastle Upon Tyne decreased by -49.74% 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 NE1 (Newcastle Upon Tyne) Over the Last Year

-15.33%

Property prices in Newcastle Upon Tyne decreased by -15.33% 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.

Property Market Heat Gauge for NE1 (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 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 NE1 (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 NE1 (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 NE1 (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 NE1 (Newcastle Upon Tyne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE1 postcode area since 1995.

Recent Sales in NE1 (Newcastle Upon Tyne)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
8/5, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear, NE1 6BG	£120,000	£120,000	£00	24 Apr 2023	09 Aug 2024	473 Days
Apartment 26, Hanover Mill, Hanover Street, Newcastle Upon Tyne, Tyne And Wear, NE1 3AB	£150,000	£150,000	£00	22 Sep 2023	07 May 2024	228 Days
8/7, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear, NE1 6BG	£160,000	£150,000	-£10,000	27 Nov 2023	24 Apr 2024	149 Days
Apartment 6, Mill House, Hanover Street, Newcastle Upon Tyne, Tyne And Wear, NE1 3AG	£170,000	£150,000	-£20,000	12 May 2023	05 Apr 2024	329 Days
9/17, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear, NE1 6BJ	£125,000	£123,000	-£2,000	05 Jun 2023	29 Jan 2024	238 Days
Loft 45, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear, NE1 1NA	£130,000	£123,000	-£7,000	04 Aug 2023	25 Jan 2024	174 Days
Apartment 415, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear, NE1 2AY	£149,950	£130,000	-£19,950	20 Apr 2023	11 Dec 2023	235 Days
3 Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear, NE1 4XH	£140,000	£135,000	-£5,000	28 Jan 2023	04 Dec 2023	310 Days
Apartment 409, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear, NE1 2AY	£220,000	£215,000	-£5,000	14 Apr 2023	08 Sep 2023	147 Days
51 Gibson Street, Newcastle Upon Tyne, Tyne And Wear, NE1 2LF	£130,000	£125,500	-£4,500	04 Apr 2023	12 Jul 2023	99 Days
Apartment 414, Pandongate House, City Road, Newcastle Upon Tyne, Tyne And Wear, NE1 2AY	£180,000	£178,000	-£2,000	07 Sep 2020	28 Jun 2023	1024 Days
30 Blackfriars Court, Newcastle Upon Tyne, Tyne And Wear, NE1 4XB	£105,000	£105,000	£00	08 Jul 2022	10 Feb 2023	217 Days
Loft 44, The Turnbull, Queens Lane, Newcastle Upon Tyne, Tyne And Wear, NE1 1NA	£130,000	£130,000	£00	11 Oct 2022	31 Jan 2023	112 Days
5/14, 55 Degrees North, Pilgrim Street, Newcastle Upon Tyne, Tyne And Wear, NE1 6BF	£160,000	£155,000	-£5,000	25 Apr 2022	16 Dec 2022	235 Days
18l, Clayton Street West, Newcastle Upon Tyne, Tyne And Wear, NE1 5BU	£170,000	£170,000	£00	11 Dec 2020	23 Sep 2022	651 Days
77d, Grainger Street, Newcastle Upon Tyne, Tyne And Wear, NE1 5JF	£145,000	£138,000	-£7,000	06 Oct 2021	05 Sep 2022	334 Days
23 The Open, Newcastle Upon Tyne, Tyne And Wear, NE1 4DB	£140,000	£135,000	-£5,000	08 Mar 2022	18 Aug 2022	163 Days
Apartment 27, Waterloo House, Thornton Street, Newcastle Upon Tyne, Tyne And Wear, NE1 4AP	£110,000	£90,000	-£20,000	07 Dec 2020	16 Aug 2022	617 Days
Apartment 4, Mill House, Hanover Street, Newcastle Upon Tyne, Tyne And Wear, NE1 3AG	£150,000	£150,000	£00	09 Sep 2021	05 Aug 2022	330 Days
2 Charlotte Mews, Newcastle Upon Tyne, Tyne And Wear, NE1 4XH	£99,950	£92,000	-£7,950	30 Sep 2019	28 Jul 2022	1032 Days

Most Expensive Streets in NE1 (Newcastle Upon Tyne)

Postcode	Street	Area	Average	No. of Sales
NE1 4LN	Leazes Crescent	Newcastle Upon Tyne	£314,166	3
NE1 2DQ	Ouse Street	Newcastle Upon Tyne	£310,571	28
NE1 1SA	Stamp Exchange, Westgate Road	Newcastle Upon Tyne	£307,500	3
NE1 3UF	Akenside House, Akenside Hill	Newcastle Upon Tyne	£254,833	6
NE1 2BJ	Mariners Wharf, Quayside	Newcastle Upon Tyne	£245,454	22
NE1 1NA	The Turnbull, Queens Lane	Newcastle Upon Tyne	£222,470	17
NE1 4LQ	St Thomas Terrace	Newcastle Upon Tyne	£221,333	3
NE1 4DA	The Mews	Newcastle Upon Tyne	£205,666	3
NE1 6BJ	Pilgrim Street	Newcastle Upon Tyne	£195,785	7
NE1 3RJ	Close	Newcastle Upon Tyne	£193,000	4

Least Expensive Streets in NE1 (Newcastle Upon Tyne)

Postcode	Street	Area	Average	No. of Sales
NE1 2AQ	Opto Student Newcastle, City Road	Newcastle Upon Tyne	£84,136	166
NE1 2QP	St Anns Close	Newcastle Upon Tyne	£101,333	3
NE1 4BP	Peel House, Temple Street, Newcastle Upon Tyne	Newcastle Upon Tyne	£104,916	6
NE1 4XB	Blackfriars Court	Newcastle Upon Tyne	£107,187	8
NE1 2BN	Lime Square, City Road	Newcastle Upon Tyne	£108,444	9
NE1 2AE	Sallyport House, City Road	Newcastle Upon Tyne	£108,642	7
NE1 5EE	Clarendon House, Clayton Street West, Newcastle Upon Tyne	Newcastle Upon Tyne	£111,066	13
NE1 2JS	Marconi House, Melbourne Street, Newcastle Upon Tyne	Newcastle Upon Tyne	£111,833	3
NE1 4XH	Charlotte Mews	Newcastle Upon Tyne	£114,700	5
NE1 5XD	Monk Street	Newcastle Upon Tyne	£116,166	3