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House Prices in NE2 House Prices in NE2 (Newcastle Upon Tyne)

The average house price in NE2 (Newcastle Upon Tyne) is £356,844 using HM Land Registry data.

The average property price increased by £93,791 (13.17%) over the last 5 years and increased by £18,792 (2.17%) over the last 12 months.

Over the last year, there were 193 residential property sales – a decrease of 78 transactions (-40.41%) relative to the previous year. The majority of house sales (73) were in the £120,000 - £230,000 range. Then came properties in the £230,000 - £340,000 range, where 39 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,131 (-1%).

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

Nearby Postcodes: CA6, CA8, CA9, DH2, DH3, DH4, DH8, DH9, DH98, DL13, NE1, NE10, NE11, NE12, NE13, NE15, NE16, NE17, NE18, NE19, NE20, NE21, NE22, NE23, NE24, NE25, NE26, NE27, NE28, NE29, NE3, NE30, NE31, NE32, NE33, NE34, NE35, NE36, NE37, NE38, NE39, NE4, NE40, NE41, NE42, NE43, NE44, NE45, NE46, NE47, NE48, NE49, NE5, NE6, NE61, NE62, NE63, NE64, NE65, NE66, NE67, NE68, NE69, NE7, NE70, NE71, NE8, NE82, NE85, NE88, NE9, NE99, SR4, SR5, SR6, TD12, TD15, TD5, TD8, TD9

5-Year Average Property Prices in NE2 (Newcastle Upon Tyne)

13.17%

Property prices in Newcastle Upon Tyne increased by 13.17% 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 NE2 (Newcastle Upon Tyne) Over the Last Year

2.17%

Property prices in Newcastle Upon Tyne increased by 2.17% 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 NE2 (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 NE2 (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 NE2 (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 NE2 (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 NE2 (Newcastle Upon Tyne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE2 postcode area since 1995.

Recent Sales in NE2 (Newcastle Upon Tyne)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
36 Rosebery Crescent, Newcastle Upon Tyne, Tyne And Wear, NE2 1EU£450,000£420,000-£30,00007 Dec 202315 Jul 2024221 Days
17 Crossway, Jesmond, Newcastle Upon Tyne, Tyne And Wear, NE2 3QH£574,950£555,000-£19,95014 Nov 202320 Jun 2024219 Days
11 Sandyford Park, Newcastle Upon Tyne, Tyne And Wear, NE2 1TA£70,000£67,500-£2,50009 Feb 202418 Jun 2024130 Days
27 Deuchar Street, Jesmond, Newcastle Upon Tyne, Tyne And Wear, NE2 1JX£220,000£220,000£0006 Feb 202404 Jun 2024119 Days
5 Sandyford Park, Newcastle Upon Tyne, Tyne And Wear, NE2 1TA£69,950£65,000-£4,95021 Nov 202317 May 2024178 Days
31 Belle Grove West, Newcastle Upon Tyne, Tyne And Wear, NE2 4LT£210,000£205,000-£5,00010 Aug 202315 Apr 2024249 Days
18 Grosvenor Place, Newcastle Upon Tyne, Tyne And Wear, NE2 2RE£750,000£715,000-£35,00017 May 202315 Apr 2024334 Days
15 Northumberland Gardens, Jesmond, Newcastle Upon Tyne, Tyne And Wear, NE2 1HA£350,000£335,000-£15,00018 Oct 202312 Apr 2024177 Days
32 Kingswood Avenue, Newcastle Upon Tyne, Tyne And Wear, NE2 3NS£360,000£350,000-£10,00015 Nov 202312 Apr 2024149 Days
14 Moorfield, High West Jesmond, Newcastle Upon Tyne, Tyne And Wear, NE2 3NJ£575,000£575,000£0030 Oct 202310 Apr 2024163 Days
3 Orchard Place, Newcastle Upon Tyne, Tyne And Wear, NE2 2DE£149,950£145,000-£4,95025 Apr 202328 Feb 2024309 Days
36 Goldspink Lane, Newcastle Upon Tyne, Tyne And Wear, NE2 1NR£320,000£288,000-£32,00027 Jul 202319 Jan 2024176 Days
3 Deneside Court, Newcastle Upon Tyne, Tyne And Wear, NE2 1EZ£110,000£110,000£0009 Jan 202312 Jan 2024368 Days
6 Shield Street, Newcastle Upon Tyne, Tyne And Wear, NE2 1XP£135,000£135,000£0009 Jun 202318 Dec 2023192 Days
12 Sandyford Park, Newcastle Upon Tyne, Tyne And Wear, NE2 1TA£70,000£66,000-£4,00028 Jun 202307 Dec 2023162 Days
36 Forsyth Road, Newcastle Upon Tyne, Tyne And Wear, NE2 3DA£225,000£220,000-£5,00030 Mar 202306 Dec 2023251 Days
10 Belle Grove Terrace, Newcastle Upon Tyne, Tyne And Wear, NE2 4LL£545,000£500,000-£45,00015 Sep 202330 Nov 202376 Days
27 Sandyford Park, Newcastle Upon Tyne, Tyne And Wear, NE2 1TA£90,000£85,000-£5,00030 Jun 202317 Nov 2023140 Days
31 Northumberland Gardens, Jesmond, Newcastle Upon Tyne, Tyne And Wear, NE2 1HA£395,000£380,000-£15,00027 Jul 202313 Nov 2023109 Days
48 Keyes Gardens, Newcastle Upon Tyne, Tyne And Wear, NE2 3QX£340,000£340,000£0026 Dec 202231 Oct 2023309 Days

Most Expensive Streets in NE2 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE2 2HELindisfarne RoadNewcastle Upon Tyne£1,271,7377
NE2 1JUOsborne VillasNewcastle Upon Tyne£1,142,5004
NE2 3JYMitchell AvenueNewcastle Upon Tyne£1,098,4068
NE2 1TLClayton Road, JesmondNewcastle Upon Tyne£1,073,2229
NE2 4PDCarlton TerraceNewcastle Upon Tyne£939,45010
NE2 4RRBrandling ParkNewcastle Upon Tyne£831,6663
NE2 3ALKingslandNewcastle Upon Tyne£826,1386
NE2 3QETowers AvenueNewcastle Upon Tyne£749,5006
NE2 2HJBemersyde DriveNewcastle Upon Tyne£720,1673
NE2 2AWBramley ChaseNewcastle Upon Tyne£719,76913

Least Expensive Streets in NE2 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE2 1XGSandyford RoadNewcastle Upon Tyne£90,61113
NE2 1EZDeneside CourtNewcastle Upon Tyne£104,1005
NE2 1PTHigh ParkNewcastle Upon Tyne£116,4005
NE2 1PJVale WalkNewcastle Upon Tyne£118,0003
NE2 1PWOakwoodNewcastle Upon Tyne£119,6663
NE2 1TASandyford ParkNewcastle Upon Tyne£119,87520
NE2 1PYMountwoodNewcastle Upon Tyne£120,8754
NE2 1JWDeneside CourtNewcastle Upon Tyne£121,58312
NE2 2RPGrosvenor RoadNewcastle Upon Tyne£122,5008
NE2 3HFLonsdale CourtNewcastle Upon Tyne£124,1254

Explore NE2 (Newcastle Upon Tyne) using map

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