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House Prices in NE3 House Prices in NE3 (Newcastle Upon Tyne)

The average house price in NE3 (Newcastle Upon Tyne) is £361,291 using HM Land Registry data.

The average property price increased by £15,622 (21.33%) over the last 5 years and increased by £3,130 (3.32%) over the last 12 months.

Over the last year, there were 609 residential property sales – a decrease of 82 transactions (-13.46%) relative to the previous year. The majority of house sales (158) were in the £100,000 - £188,000 range. Then came properties in the £188,000 - £276,000 range, where 140 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 58 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,313 (-2%).

In Oct 24, there were 104 new estate agency instructions, 91 agreed home sales and 39 property price reductions.

Nearby Postcodes: CA6, CA8, CA9, DH3, DH4, DH8, DH9, DL13, NE1, NE10, NE11, NE12, NE13, NE15, NE16, NE17, NE18, NE19, NE2, NE20, NE21, NE22, NE23, NE24, NE25, NE26, NE27, NE28, NE29, 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, NE66, NE67, NE68, NE69, NE7, NE70, NE71, NE8, NE9, NE99, SR4, SR5, SR6, TD12, TD15, TD5, TD8, TD9

5-Year Average Property Prices in NE3 (Newcastle Upon Tyne)

21.33%

Property prices in Newcastle Upon Tyne increased by 21.33% 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 NE3 (Newcastle Upon Tyne) Over the Last Year

3.32%

Property prices in Newcastle Upon Tyne increased by 3.32% 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 NE3 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 NE3 (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 NE3 (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 NE3 (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 NE3 (Newcastle Upon Tyne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE3 postcode area since 1995.

Recent Sales in NE3 (Newcastle Upon Tyne)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
25 Coxlodge Terrace, Newcastle Upon Tyne, Tyne And Wear, NE3 3UF£142,000£136,000-£6,00029 Jan 202415 Aug 2024199 Days
85 Featherstone Grove, Newcastle Upon Tyne, Tyne And Wear, NE3 5RF£425,000£422,598-£2,40204 Sep 202306 Aug 2024337 Days
34 Fernwood Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 5DL£250,000£247,500-£2,50012 Jan 202401 Aug 2024202 Days
21 Burnfoot Way, Newcastle Upon Tyne, Tyne And Wear, NE3 4TL£99,950£95,000-£4,95029 Apr 202426 Jul 202488 Days
11 Davenport Drive, Newcastle Upon Tyne, Tyne And Wear, NE3 5AE£340,000£310,000-£30,00014 Nov 202325 Jul 2024254 Days
12 Cranwell Court, Newcastle Upon Tyne, Tyne And Wear, NE3 2UX£335,000£321,250-£13,75009 Jan 202422 Jul 2024195 Days
25 Elmfield Road, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 4AY£875,000£870,000-£5,00019 Feb 202412 Jul 2024144 Days
5 Beaminster Way, Newcastle Upon Tyne, Tyne And Wear, NE3 2QU£239,950£236,500-£3,45029 Jan 202412 Jul 2024165 Days
17 Nelson Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 3UU£150,000£150,000£0012 Sep 202305 Jul 2024297 Days
5 Woodbine Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 4EU£750,000£740,000-£10,00003 Nov 202303 Jul 2024243 Days
67 Briardene Crescent, Newcastle Upon Tyne, Tyne And Wear, NE3 4RX£585,000£550,000-£35,00015 Nov 202303 Jul 2024231 Days
39 Bradwell Road, Newcastle Upon Tyne, Tyne And Wear, NE3 3LJ£60,000£60,000£0014 Mar 202428 Jun 2024106 Days
87 Edgefield Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 3AD£125,000£120,000-£5,00026 Jun 202428 Jun 20242 Days
35 The Drive, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 4AJ£850,000£845,000-£5,00004 Mar 202426 Jun 2024114 Days
5 Stuart Court, Newcastle Upon Tyne, Tyne And Wear, NE3 2QF£195,000£190,000-£5,00014 Feb 202424 Jun 2024131 Days
125 Warkworth Woods, Newcastle Upon Tyne, Tyne And Wear, NE3 5RD£250,000£250,000£0022 Sep 202314 Jun 2024266 Days
60 Grove Park Oval, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 1EF£235,000£235,000£0026 Dec 202312 Jun 2024169 Days
13 Oakfield Terrace, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 4RQ£400,000£390,000-£10,00026 Jan 202410 Jun 2024136 Days
56 Princes Road, Newcastle Upon Tyne, Tyne And Wear, NE3 5AN£320,000£320,000£0021 Mar 202407 Jun 202478 Days
43 Fawdon Lane, Newcastle Upon Tyne, Tyne And Wear, NE3 2RT£155,000£150,000-£5,00024 Feb 202407 Jun 2024104 Days

Most Expensive Streets in NE3 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE3 4BHGraham Park RoadNewcastle Upon Tyne£1,781,5004
NE3 4JHMontagu AvenueNewcastle Upon Tyne£1,535,0004
NE3 4BDElmfield Road, GosforthNewcastle Upon Tyne£1,269,5006
NE3 4EAFurzefield RoadNewcastle Upon Tyne£1,235,0833
NE3 4AQMoor CrescentNewcastle Upon Tyne£1,153,3336
NE3 4DSNorth Avenue, GosforthNewcastle Upon Tyne£1,144,8333
NE3 1NRRoseworth CrescentNewcastle Upon Tyne£927,0005
NE3 1XPRectory RoadNewcastle Upon Tyne£891,5004
NE3 4XENorthumberland Avenue, GosforthNewcastle Upon Tyne£873,6663
NE3 4HSOakfield RoadNewcastle Upon Tyne£854,3754

Least Expensive Streets in NE3 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE3 2BUBroomley CourtNewcastle Upon Tyne£43,0003
NE3 2JYWitton CourtNewcastle Upon Tyne£47,6663
NE3 3RTBellingham Court, KentonNewcastle Upon Tyne£50,3323
NE3 1LLHomeforth House, High Street, GosforthNewcastle Upon Tyne£51,96127
NE3 2BZHaydon Close, FawdonNewcastle Upon Tyne£52,3118
NE3 3AUKirkwood DriveNewcastle Upon Tyne£54,31921
NE3 2JXHorsley CourtNewcastle Upon Tyne£56,3787
NE3 1HHHigh Street, GosforthNewcastle Upon Tyne£57,00011
NE3 3LJBradwell RoadNewcastle Upon Tyne£61,09011
NE3 2JTAlnham CourtNewcastle Upon Tyne£63,9004

Explore NE3 (Newcastle Upon Tyne) using map

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