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House Prices in NE27 House Prices in NE27 (Newcastle Upon Tyne)

The average house price in NE27 (Newcastle Upon Tyne) is £274,300 using HM Land Registry data.

The average property price decreased by £41,244 (-3.67%) over the last 5 years and decreased by £8,264 (-0.65%) over the last 12 months.

Over the last year, there were 134 residential property sales – a decrease of 144 transactions (-107.46%) relative to the previous year. The majority of house sales (42) were in the £120,000 - £164,000 range. Then came properties in the £208,000 - £252,000 range, where 26 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 £-5,428 (-2%).

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

Nearby Postcodes: NE12, NE13, NE22, NE23, NE24, NE25, NE26, NE28, NE29, NE3, NE30, NE31, NE32, NE33, NE34, NE6, NE61, NE7

5-Year Average Property Prices in NE27 (Newcastle Upon Tyne)

3.67%

Property prices in Newcastle Upon Tyne increased by 3.67% 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 NE27 (Newcastle Upon Tyne) Over the Last Year

0.65%

Property prices in Newcastle Upon Tyne increased by 0.65% 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 NE27 (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 NE27 (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 NE27 (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 NE27 (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 NE27 (Newcastle Upon Tyne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE27 postcode area since 1995.

Recent Sales in NE27 (Newcastle Upon Tyne)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5 Wark Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0SU£120,000£119,000-£1,00017 Aug 202331 May 2024288 Days
2 Brockwell Mews, Backworth, Newcastle Upon Tyne, Tyne And Wear, NE27 0GF£375,000£370,000-£5,00026 Mar 202424 May 202459 Days
31 Backworth Court, Backworth, Newcastle Upon Tyne, Tyne And Wear, NE27 0RP£225,000£225,000£0024 Jan 202417 May 2024114 Days
91a, Holyfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear, NE27 0EU£339,950£339,950£0024 Jul 202317 May 2024298 Days
20 Sandon Close, Backworth, Newcastle Upon Tyne, Tyne And Wear, NE27 0JX£165,000£165,000£0026 Oct 202310 Apr 2024167 Days
16 Carlisle Close, Holystone, Newcastle Upon Tyne, Tyne And Wear, NE27 0UT£319,950£312,500-£7,45005 Sep 202328 Mar 2024205 Days
9 Carlisle Terrace, West Allotment, Newcastle Upon Tyne, Tyne And Wear, NE27 0EL£130,000£118,000-£12,00020 Jul 202315 Mar 2024239 Days
46 Heathfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear, NE27 0BP£325,000£320,000-£5,00006 Oct 202307 Mar 2024153 Days
15 Lesbury Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0NL£110,000£110,000£0024 Oct 202301 Mar 2024129 Days
52 Hartside Crescent, Backworth, Newcastle Upon Tyne, Tyne And Wear, NE27 0SD£145,000£140,000-£5,00007 Nov 202301 Mar 2024115 Days
14 Langley Avenue, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0UB£159,950£155,000-£4,95015 Dec 202322 Feb 202469 Days
12 Telford Close, Backworth, Newcastle Upon Tyne, Tyne And Wear, NE27 0JT£150,000£150,000£0009 Nov 202316 Feb 202499 Days
15 Greenrigg Place, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0GA£239,950£230,000-£9,95016 Feb 202307 Feb 2024356 Days
164 Cloverfield, West Allotment, Newcastle Upon Tyne, Tyne And Wear, NE27 0BX£220,000£210,000-£10,00021 Sep 202301 Feb 2024133 Days
28 Maud Terrace, West Allotment, Newcastle Upon Tyne, Tyne And Wear, NE27 0EH£129,950£129,950£0026 Oct 202326 Jan 202492 Days
41 Carlisle Close, Holystone, Newcastle Upon Tyne, Tyne And Wear, NE27 0UT£325,000£325,000£0017 Jul 202312 Jan 2024179 Days
53 South Street, Shiremoor, Newcastle Upon Tyne, Tyne And Wear, NE27 0HS£140,000£139,000-£1,00027 Jul 202320 Dec 2023146 Days
23 North Terrace, West Allotment, Newcastle Upon Tyne, Tyne And Wear, NE27 0DN£120,000£115,000-£5,00010 Jul 202319 Dec 2023162 Days
14 St Bedes Walk, Holystone, Newcastle Upon Tyne, Tyne And Wear, NE27 0UW£299,950£299,950£0030 Oct 202314 Dec 202345 Days
64 Holyfields, West Allotment, Newcastle Upon Tyne, Tyne And Wear, NE27 0EX£185,000£177,000-£8,00026 May 202313 Dec 2023201 Days

Most Expensive Streets in NE27 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE27 0NYPedlars Close, HolystoneNewcastle Upon Tyne£440,3003
NE27 0GHBluestone Court, BackworthNewcastle Upon Tyne£424,9874
NE27 0XNFairway Lane, BackworthNewcastle Upon Tyne£405,6586
NE27 0XQBriardene Way, BackworthNewcastle Upon Tyne£366,2726
NE27 0GGRosebay Close, BackworthNewcastle Upon Tyne£359,27526
NE27 0FBEast Farm Mews, BackworthNewcastle Upon Tyne£356,9105
NE27 0XLPriory Avenue, BackworthNewcastle Upon Tyne£355,87514
NE27 0GUFulmar Drive, BackworthNewcastle Upon Tyne£352,04511
NE27 0GFBrockwell Mews, BackworthNewcastle Upon Tyne£346,2504
NE27 0FZHotspur North, BackworthNewcastle Upon Tyne£346,2209

Least Expensive Streets in NE27 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE27 0QRAnn Street, ShiremoorNewcastle Upon Tyne£52,6004
NE27 0RSSt Marks Court, ShiremoorNewcastle Upon Tyne£81,5003
NE27 0RGAbbey Court, ShiremoorNewcastle Upon Tyne£86,77211
NE27 0DXCramlington Terrace, West AllotmentNewcastle Upon Tyne£92,0647
NE27 0NJBrandon Avenue, ShiremoorNewcastle Upon Tyne£96,3705
NE27 0ELCarlisle Terrace, West AllotmentNewcastle Upon Tyne£96,3818
NE27 0EFTaylor Terrace, West AllotmentNewcastle Upon Tyne£102,7003
NE27 0DUCooperative Terrace, West AllotmentNewcastle Upon Tyne£103,0005
NE27 0NRKirkland Walk, ShiremoorNewcastle Upon Tyne£103,0504
NE27 0EJBuddle Terrace, West AllotmentNewcastle Upon Tyne£106,5003

Explore NE27 (Newcastle Upon Tyne) using map

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