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House Prices in NE16 House Prices in NE16 (Newcastle Upon Tyne)

The average house price in NE16 (Newcastle Upon Tyne) is £202,625 using HM Land Registry data.

The average property price increased by £17,608 (32.16%) over the last 5 years and increased by £3,528 (4.66%) over the last 12 months.

Over the last year, there were 284 residential property sales – a decrease of 50 transactions (-17.61%) relative to the previous year. The majority of house sales (84) were in the £100,000 - £160,000 range. Then came properties in the £220,000 - £280,000 range, where 60 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,075 (-2%).

In Oct 24, there were 59 new estate agency instructions, 52 agreed home sales and 29 property price reductions.

Nearby Postcodes: , DH1, DH2, DH7, DH8, DH9, DH97, DH98, DH99, NE11, NE15, NE17, NE21, NE39, NE4, NE40, NE8, NE82, NE85, NE88, NE9

5-Year Average Property Prices in NE16 (Newcastle Upon Tyne)

32.16%

Property prices in Newcastle Upon Tyne increased by 32.16% 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 NE16 (Newcastle Upon Tyne) Over the Last Year

4.66%

Property prices in Newcastle Upon Tyne increased by 4.66% 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 NE16 (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 NE16 (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 NE16 (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 NE16 (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 NE16 (Newcastle Upon Tyne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE16 postcode area since 1995.

Recent Sales in NE16 (Newcastle Upon Tyne)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
2 Wood Street, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6QG£120,000£115,000-£5,00026 Apr 202416 Aug 2024112 Days
12 Maple Terrace, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6JB£125,000£125,000£0012 Apr 202402 Aug 2024112 Days
25 Wansford Way, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5SS£260,000£240,000-£20,00023 Apr 202402 Aug 2024101 Days
9 Warwick Drive, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5JG£200,000£180,000-£20,00026 Apr 202426 Jul 202491 Days
6 Park Terrace, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6QD£145,000£145,000£0015 Apr 202426 Jul 2024102 Days
11 The Covers, Swalwell, Newcastle Upon Tyne, Tyne And Wear, NE16 3DB£130,000£128,500-£1,50015 May 202405 Jul 202451 Days
41 Orchard Road, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 4TG£240,000£237,000-£3,00006 Mar 202401 Jul 2024117 Days
18 Briardene, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6LJ£139,950£139,950£0015 Feb 202414 Jun 2024120 Days
7 Burnside Close, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5QL£275,000£275,000£0006 Oct 202307 Jun 2024245 Days
5 Burnside Close, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5QL£190,000£185,000-£5,00028 Mar 202405 Jun 202469 Days
3 Chestnut Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5JN£239,950£236,000-£3,95016 Oct 202331 May 2024228 Days
27 Coniston Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 4ER£450,000£435,000-£15,00018 Jan 202431 May 2024134 Days
17 Blake Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 4BZ£125,000£125,000£0005 Jan 202430 May 2024146 Days
8 Fairfield Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5BT£320,000£320,000£0009 Feb 202424 May 2024105 Days
52 Sunniside Road, Sunniside, Newcastle Upon Tyne, Tyne And Wear, NE16 5NE£249,950£249,950£0028 Feb 202421 May 202483 Days
10 Bowes Close, Newcastle Upon Tyne, Tyne And Wear, NE16 5QF£315,000£301,500-£13,50005 Apr 202317 May 2024408 Days
15 Ashfield Avenue, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 4SS£400,000£380,000-£20,00020 Sep 202314 May 2024237 Days
15 Longwood Close, Sunniside, Newcastle Upon Tyne, Tyne And Wear, NE16 5QB£170,000£170,000£0002 Feb 202410 May 202498 Days
9 Lumley Avenue, Swalwell, Newcastle Upon Tyne, Tyne And Wear, NE16 3EU£159,950£150,000-£9,95004 May 202307 May 2024369 Days
24 Wyndley Close, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5ST£225,000£198,000-£27,00009 Apr 202426 Apr 202417 Days

Most Expensive Streets in NE16 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE16 4PYCornmoor Road, WhickhamNewcastle Upon Tyne£673,0005
NE16 4HWThe Court, WhickhamNewcastle Upon Tyne£646,6663
NE16 4PUCornmoor Road, WhickhamNewcastle Upon Tyne£634,0068
NE16 4QZBroom Lane, WhickhamNewcastle Upon Tyne£625,0003
NE16 6AHBurnopfieldNewcastle Upon Tyne£603,3333
NE16 4QAMillfield Road, WhickhamNewcastle Upon Tyne£593,5254
NE16 5EHMarley HillNewcastle Upon Tyne£543,0004
NE16 4PFWhaggs Lane, WhickhamNewcastle Upon Tyne£542,6254
NE16 4JSAxwell View, WhickhamNewcastle Upon Tyne£496,0003
NE16 5THThe Cedars, WhickhamNewcastle Upon Tyne£417,4416

Least Expensive Streets in NE16 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE16 3HTRidley Gardens, SwalwellNewcastle Upon Tyne£42,3726
NE16 3JSAxwell Terrace, SwalwellNewcastle Upon Tyne£58,2005
NE16 3BUPark Terrace, SwalwellNewcastle Upon Tyne£58,9905
NE16 6HZPoplar Avenue, BurnopfieldNewcastle Upon Tyne£61,0003
NE16 3HECrowley Road, SwalwellNewcastle Upon Tyne£62,0003
NE16 6LDGaresfield Gardens, BurnopfieldNewcastle Upon Tyne£80,0003
NE16 6JFSyke Road, BurnopfieldNewcastle Upon Tyne£81,0003
NE16 3BTNapier Road, SwalwellNewcastle Upon Tyne£83,45411
NE16 6JAPine Avenue, BurnopfieldNewcastle Upon Tyne£83,6663
NE16 4BSWordsworth Avenue, WhickhamNewcastle Upon Tyne£85,8005

Explore NE16 (Newcastle Upon Tyne) using map

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