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House Prices in NE29 House Prices in NE29 (North Shields)

The average house price in NE29 (North Shields) is £211,162 using HM Land Registry data.

The average property price increased by £48,486 (20.95%) over the last 5 years and increased by £9,715 (3.27%) over the last 12 months.

Over the last year, there were 334 residential property sales – a decrease of 169 transactions (-50.60%) relative to the previous year. The majority of house sales (87) were in the £128,000 - £176,000 range. Then came properties in the £80,000 - £128,000 range, where 77 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 £-4,293 (-2%).

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

Nearby Postcodes: NE12, NE23, NE24, NE25, NE26, NE27, NE28, NE30, NE31, NE32, NE33, NE34, NE35, NE36, NE6, NE7, SR6

5-Year Average Property Prices in NE29 (North Shields)

20.95%

Property prices in North Shields increased by 20.95% 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 NE29 (North Shields) Over the Last Year

3.27%

Property prices in North Shields increased by 3.27% 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 NE29 (North Shields) - 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 NE29 (North Shields)

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 NE29 (North Shields)

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 NE29 (North Shields)

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 NE29 (North Shields) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE29 postcode area since 1995.

Recent Sales in NE29 (North Shields)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
91 Commissioners Wharf, North Shields, Tyne And Wear, NE29 6DP£165,000£150,000-£15,00030 May 202312 Aug 2024440 Days
5 Alexandra Gardens, North Shields, Tyne And Wear, NE29 0SH£389,000£385,000-£4,00014 Feb 202402 Aug 2024170 Days
94 Queen Alexandra Road, North Shields, Tyne And Wear, NE29 9AR£250,000£240,000-£10,00007 Mar 202402 Aug 2024148 Days
Thornton House, North Road, North Shields, Tyne And Wear, NE29 9LP£300,000£296,570-£3,43005 Feb 202401 Aug 2024178 Days
28 Spring Gardens, North Shields, Tyne And Wear, NE29 0JQ£280,000£272,500-£7,50013 Mar 202401 Aug 2024141 Days
14 Willoughby Road, North Shields, Tyne And Wear, NE29 7NB£185,000£175,000-£10,00008 Feb 202426 Jul 2024169 Days
18 Newington Drive, North Shields, Tyne And Wear, NE29 9JA£132,500£130,000-£2,50010 Apr 202425 Jul 2024106 Days
5 Perth Close, North Shields, Tyne And Wear, NE29 8DF£350,000£330,000-£20,00017 Oct 202319 Jul 2024276 Days
19 Belvedere, North Shields, Tyne And Wear, NE29 9BX£335,000£335,000£0018 Apr 202412 Jul 202485 Days
14 Brahman Avenue, North Shields, Tyne And Wear, NE29 6UD£139,000£132,000-£7,00012 Oct 202305 Jul 2024267 Days
56 Spring Gardens, North Shields, Tyne And Wear, NE29 0JQ£240,000£234,000-£6,00016 Oct 202304 Jul 2024262 Days
41 Sandringham Gardens, North Shields, Tyne And Wear, NE29 9AX£295,000£285,000-£10,00031 Oct 202328 Jun 2024241 Days
Apartment 23, Grangeside Court, Brabourne Gardens, North Shields, Tyne And Wear, NE29 9BF£65,000£65,000£0005 Feb 202426 Jun 2024142 Days
85 Heaton Terrace, North Shields, Tyne And Wear, NE29 7HX£128,000£128,000£0017 Feb 202421 Jun 2024125 Days
14 William Street West, North Shields, Tyne And Wear, NE29 6RL£199,950£199,950£0012 Feb 202417 Jun 2024126 Days
13 Studland Close, North Shields, Tyne And Wear, NE29 9HP£190,000£175,000-£15,00009 Jan 202414 Jun 2024157 Days
92 Queen Alexandra Road, North Shields, Tyne And Wear, NE29 9AR£260,000£240,000-£20,00021 Jul 202304 Jun 2024319 Days
8 Collingwood Mansions, New Quay, North Shields, Tyne And Wear, NE29 6HA£260,000£260,000£0026 Jul 202303 Jun 2024313 Days
20 Beachborough Close, North Shields, Tyne And Wear, NE29 9JD£127,350£120,000-£7,35003 Oct 202331 May 2024241 Days
25 Moor Park Court, North Shields, Tyne And Wear, NE29 8AH£250,000£247,500-£2,50015 Feb 202431 May 2024106 Days

Most Expensive Streets in NE29 (North Shields)

PostcodeStreetAreaAverageNo. of Sales
NE29 9JTWoodlandsNorth Shields£665,6005
NE29 9NSKelso DriveNorth Shields£403,3336
NE29 0NGCleveland RoadNorth Shields£388,3333
NE29 0LYAlma PlaceNorth Shields£380,0007
NE29 0SHAlexandra GardensNorth Shields£364,0005
NE29 6TAThe Plateau, Smiths DockNorth Shields£363,9709
NE29 0NTCleveland RoadNorth Shields£352,6005
NE29 8LSAbbots WayNorth Shields£346,7374
NE29 9AHQueen Alexandra Road WestNorth Shields£342,1666
NE29 8LYAbbots WayNorth Shields£338,81311

Least Expensive Streets in NE29 (North Shields)

PostcodeStreetAreaAverageNo. of Sales
NE29 6PHCowdrey House, St Johns GreenNorth Shields£41,4493
NE29 6PJDexter House, St Johns GreenNorth Shields£46,6124
NE29 6PPHutton House, St Johns GreenNorth Shields£49,5003
NE29 6NGLower Rudyerd StreetNorth Shields£52,6663
NE29 7AHNorham RoadNorth Shields£54,0647
NE29 6PRIllingworth House, St Johns GreenNorth Shields£55,8333
NE29 6SJVicarage StreetNorth Shields£58,3577
NE29 0JTSilkeys LaneNorth Shields£61,6663
NE29 7ANMorpeth TerraceNorth Shields£62,0628
NE29 0EPChirton West ViewNorth Shields£64,4005

Explore NE29 (North Shields) using map

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