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House Prices in NE28 House Prices in NE28 (Wallsend)

The average house price in NE28 (Wallsend) is £109,845 using HM Land Registry data.

The average property price increased by £12,836 (50.43%) over the last 5 years and increased by £2,572 (6.53%) over the last 12 months.

Over the last year, there were 393 residential property sales – a decrease of 143 transactions (-36.39%) relative to the previous year. The majority of house sales (98) were in the £104,000 - £138,000 range. Then came properties in the £138,000 - £172,000 range, where 91 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 £-2,545 (-1%).

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

Nearby Postcodes: NE1, NE10, NE12, NE13, NE19, NE2, NE20, NE22, NE23, NE24, NE25, NE26, NE27, NE29, NE3, NE30, NE31, NE32, NE33, NE34, NE35, NE36, NE6, NE61, NE62, NE63, NE64, NE65, NE66, NE67, NE68, NE69, NE7, NE70, NE71, NE8, SR6, TD12, TD15, TD5, TD8

5-Year Average Property Prices in NE28 (Wallsend)

50.43%

Property prices in Wallsend increased by 50.43% 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 NE28 (Wallsend) Over the Last Year

6.53%

Property prices in Wallsend increased by 6.53% 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 NE28 (Wallsend) - 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 NE28 (Wallsend)

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 NE28 (Wallsend)

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 NE28 (Wallsend)

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 NE28 (Wallsend) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE28 postcode area since 1995.

Recent Sales in NE28 (Wallsend)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
95 Savory Road, Wallsend, Tyne And Wear, NE28 7EF£180,000£180,000£0018 Aug 202312 Aug 2024360 Days
22 Churchill Street, Wallsend, Tyne And Wear, NE28 7TB£140,000£130,000-£10,00021 Feb 202412 Aug 2024173 Days
8 Priors Way, Wallsend, Tyne And Wear, NE28 7BY£130,000£128,000-£2,00005 Mar 202405 Aug 2024153 Days
17 Caesar Way, Wallsend, Tyne And Wear, NE28 7JL£75,000£45,000-£30,00019 Sep 202325 Jul 2024310 Days
44 Mullen Road, Wallsend, Tyne And Wear, NE28 9LY£139,950£139,950£0015 Mar 202419 Jul 2024126 Days
51 Prospect Avenue, Wallsend, Tyne And Wear, NE28 8HH£149,950£147,500-£2,45019 Mar 202412 Jul 2024115 Days
76 West Street, Wallsend, Tyne And Wear, NE28 8LE£210,000£210,000£0023 Mar 202408 Jul 2024107 Days
59 Ferndale Avenue, Wallsend, Tyne And Wear, NE28 7NE£155,000£147,000-£8,00012 Oct 202328 Jun 2024260 Days
26 Mullen Road, Wallsend, Tyne And Wear, NE28 9LY£130,000£130,000£0019 Apr 202428 Jun 202470 Days
41 Dilston Grange, Wallsend, Tyne And Wear, NE28 6JH£185,000£185,000£0008 Jun 202328 Jun 2024386 Days
53 Cheadle Avenue, Wallsend, Tyne And Wear, NE28 9QS£160,000£160,000£0027 Mar 202421 Jun 202486 Days
20 Broadstone Way, Wallsend, Tyne And Wear, NE28 9DN£159,950£159,950£0002 Feb 202421 Jun 2024140 Days
51 Mcilvenna Gardens, Wallsend, Tyne And Wear, NE28 9EY£200,000£190,000-£10,00028 Nov 202319 Jun 2024204 Days
538 Station Road North, Wallsend, Tyne And Wear, NE28 8NR£149,950£138,000-£11,95020 Mar 202413 Jun 202485 Days
16 Mullen Gardens, Wallsend, Tyne And Wear, NE28 9EZ£149,950£149,950£0020 Feb 202431 May 2024101 Days
1 Ford Terrace, Wallsend, Tyne And Wear, NE28 6QF£64,950£59,000-£5,95022 Jul 202331 May 2024314 Days
5 Benton Court, Wallsend, Tyne And Wear, NE28 9GD£300,000£296,000-£4,00016 Jan 202424 May 2024129 Days
53 Dene Crescent, Wallsend, Tyne And Wear, NE28 7SN£90,000£89,000-£1,00015 Sep 202324 May 2024252 Days
7 Grange Villas, Wallsend, Tyne And Wear, NE28 7PL£315,000£315,000£0007 Dec 202324 May 2024169 Days
10 Roland Road, Wallsend, Tyne And Wear, NE28 6QB£84,950£84,950£0023 Mar 202421 May 202459 Days

Most Expensive Streets in NE28 (Wallsend)

PostcodeStreetAreaAverageNo. of Sales
NE28 9YQThe SwallowsWallsend£380,0003
NE28 7PGThe GreenWallsend£358,0006
NE28 8UGHyde ParkWallsend£329,8063
NE28 7QQThe CoversWallsend£305,1254
NE28 8UNRichmond ParkWallsend£286,6663
NE28 9XZAysgarth AvenueWallsend£283,4004
NE28 9QUAscot CloseWallsend£277,6663
NE28 8ULGreen ParkWallsend£270,4163
NE28 9ZHHadrian WyndWallsend£268,82114
NE28 7QXIrwin AvenueWallsend£266,3333

Least Expensive Streets in NE28 (Wallsend)

PostcodeStreetAreaAverageNo. of Sales
NE28 0JJBrinkburn StreetWallsend£38,5003
NE28 7EJVindolanda, Ryton GardensWallsend£49,6663
NE28 7RXHigh Street EastWallsend£51,3163
NE28 0JZBarrasford StreetWallsend£55,5004
NE28 6JBVine StreetWallsend£61,3333
NE28 7BJBurn TerraceWallsend£61,3336
NE28 7ELStanwix, Engine Inn RoadWallsend£62,1663
NE28 6QFFord TerraceWallsend£62,8333
NE28 6SLGeorge StreetWallsend£63,1503
NE28 6PHMyrtle GroveWallsend£64,0003

Explore NE28 (Wallsend) using map

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