FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in NE16

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

The average house price in NE16 (Newcastle Upon Tyne) is £214,233 using HM Land Registry data.

The average property price increased by £15,762 (32.16%) over the last 5 years and increased by £3,159 (4.66%) over the last 12 months.

Over the last year, there were 304 residential property sales – a decrease of 27 transactions (-8.88%) relative to the previous year. The majority of house sales (79) were in the £100,000 - £156,000 range. Then came properties in the £212,000 - £268,000 range, where 59 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 98 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,594 (-2%).

In Dec 24, there were 21 new estate agency instructions, 18 agreed home sales and 14 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) - Dec 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 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
5 Derwent View, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6PZ£160,000£160,000£0010 Jun 202422 Nov 2024165 Days
14 Marston Walk, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5BS£145,000£142,500-£2,50026 Jun 202419 Nov 2024146 Days
6 Hazel Grove, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6DU£155,000£146,000-£9,00011 Jun 202415 Nov 2024157 Days
136 Garesfield Gardens, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6LQ£84,950£55,000-£29,95012 Nov 201514 Nov 20243290 Days
9 Ingleside, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5XY£330,000£315,000-£15,00018 Mar 202412 Nov 2024239 Days
1 Oak Terrace, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6NR£199,995£192,500-£7,49525 Oct 202311 Nov 2024383 Days
46 Lilac Crescent, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6QF£150,000£150,000£0028 Apr 202407 Nov 2024193 Days
63 Oakfields, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6PQ£300,000£290,000-£10,00027 Mar 202404 Nov 2024222 Days
12 Oakridge, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5YD£425,000£420,000-£5,00011 Mar 202401 Nov 2024235 Days
6 Aston Way, Whickham, Newcastle Upon Tyne, Tyne And Wear, NE16 5RJ£237,250£218,000-£19,25003 May 202401 Nov 2024182 Days
2 Longwood Close, Sunniside, Newcastle Upon Tyne, Tyne And Wear, NE16 5QB£290,000£285,000-£5,00007 May 202425 Oct 2024171 Days
Grange House, Streetgate, Sunniside, Newcastle Upon Tyne, Tyne And Wear, NE16 5LQ£425,000£410,000-£15,00003 May 202425 Oct 2024175 Days
19 Elm Street, Sunniside, Newcastle Upon Tyne, Tyne And Wear, NE16 5LS£140,000£140,000£0023 Apr 202425 Oct 2024185 Days
8 Grove Terrace, Burnopfield, Newcastle Upon Tyne, County Durham, NE16 6NP£375,000£355,000-£20,00022 Feb 202425 Oct 2024246 Days
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

Most Expensive Streets in NE16 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE16 4QZBroom Lane, WhickhamNewcastle Upon Tyne£812,5004
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 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 3HECrowley Road, SwalwellNewcastle Upon Tyne£62,0003
NE16 6HZPoplar Avenue, BurnopfieldNewcastle Upon Tyne£68,8754
NE16 6LDGaresfield Gardens, BurnopfieldNewcastle Upon Tyne£80,0003
NE16 6JFSyke Road, BurnopfieldNewcastle Upon Tyne£81,0003
NE16 6JAPine Avenue, BurnopfieldNewcastle Upon Tyne£83,6663
NE16 3BTNapier Road, SwalwellNewcastle Upon Tyne£84,55010
NE16 4BSWordsworth Avenue, WhickhamNewcastle Upon Tyne£85,8005

Explore NE16 (Newcastle Upon Tyne) using map

Sell Your
House Fast
Property Auctions Newcastle Upon Tyne
Property Auctions Newcastle Upon Tyne
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark