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House Prices in NE31 House Prices in NE31 (Hebburn)

The average house price in NE31 (Hebburn) is £154,396 using HM Land Registry data.

The average property price increased by £13,381 (-4.55%) over the last 5 years and increased by £2,681 (-0.87%) over the last 12 months.

Over the last year, there were 183 residential property sales – a decrease of 107 transactions (-58.47%) relative to the previous year. The majority of house sales (41) were in the £110,000 - £150,000 range. Then came properties in the £70,000 - £110,000 range, where 38 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-2,906 (-2%).

In Oct 24, there were 52 new estate agency instructions, 38 agreed home sales and 21 property price reductions.

Nearby Postcodes: NE1, NE10, NE12, NE13, NE19, NE2, NE20, NE22, NE23, NE24, NE26, NE27, NE28, NE29, NE32, NE34, NE35, NE36, NE37, NE6, NE61, NE62, NE63, NE64, NE65, NE66, NE67, NE68, NE69, NE7, NE70, NE71, NE8, NE9, SR5, SR6, TD15, TD5, TD8

5-Year Average Property Prices in NE31 (Hebburn)

-4.55%

Property prices in Hebburn decreased by -4.55% 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 NE31 (Hebburn) Over the Last Year

-0.87%

Property prices in Hebburn decreased by -0.87% 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 NE31 (Hebburn) - 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 NE31 (Hebburn)

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 NE31 (Hebburn)

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 NE31 (Hebburn)

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 NE31 (Hebburn) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE31 postcode area since 1995.

Recent Sales in NE31 (Hebburn)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
27 Lambley Crescent, Hebburn, Tyne And Wear, NE31 2NF£225,000£218,000-£7,00013 Mar 202423 Aug 2024163 Days
107 The Cornfields, Hebburn, Tyne And Wear, NE31 1YJ£290,000£285,000-£5,00001 Feb 202422 Aug 2024203 Days
78 Howe Street, Hebburn, Tyne And Wear, NE31 2XH£85,000£83,000-£2,00012 Mar 202420 Aug 2024161 Days
34 Rutland Road, Hebburn, Tyne And Wear, NE31 2DU£80,000£80,000£0002 Mar 202416 Aug 2024167 Days
17 St Johns Avenue, Hebburn, Tyne And Wear, NE31 2TZ£330,000£330,000£0022 May 202415 Aug 202485 Days
4 Fuschia Gardens, Hebburn, Tyne And Wear, NE31 2PX£130,000£125,000-£5,00004 May 202408 Aug 202496 Days
55 Windermere Crescent, Hebburn, Tyne And Wear, NE31 2RL£135,000£135,000£0001 May 202402 Aug 202493 Days
13 Titlington Grove, Hebburn, Tyne And Wear, NE31 2LX£165,000£165,000£0020 Mar 202419 Jul 2024121 Days
60 Agincourt, Hebburn, Tyne And Wear, NE31 1AN£129,950£127,500-£2,45017 Apr 202417 Jul 202491 Days
111 Toner Avenue, Hebburn, Tyne And Wear, NE31 2QS£140,000£140,000£0007 Feb 202412 Jul 2024156 Days
97 Toner Avenue, Hebburn, Tyne And Wear, NE31 2QS£165,000£160,000-£5,00026 Mar 202401 Jul 202497 Days
18 Hall Road, Hebburn, Tyne And Wear, NE31 2UG£190,000£190,000£0026 Sep 202328 Jun 2024276 Days
88 Agincourt, Hebburn, Tyne And Wear, NE31 1AW£125,000£122,500-£2,50025 Mar 202421 Jun 202488 Days
112 Hexham Avenue, Hebburn, Tyne And Wear, NE31 2JH£139,950£137,500-£2,45019 Mar 202431 May 202473 Days
93 Sullivan Walk, Hebburn, Tyne And Wear, NE31 1YW£270,000£260,000-£10,00011 Oct 202310 May 2024212 Days
7 College Road, Hebburn, Tyne And Wear, NE31 2LY£155,000£150,000-£5,00006 Feb 202426 Apr 202480 Days
16 Canning Street, Hebburn, Tyne And Wear, NE31 2UE£200,000£195,000-£5,00009 Aug 202326 Apr 2024261 Days
38 St Johns Avenue, Hebburn, Tyne And Wear, NE31 2UB£250,000£247,500-£2,50006 Mar 202424 Apr 202449 Days
34 Mons Avenue, Hebburn, Tyne And Wear, NE31 1QL£119,950£118,000-£1,95029 Jan 202423 Apr 202485 Days
47 Grosvenor Crescent, Hebburn, Tyne And Wear, NE31 2EA£120,000£119,000-£1,00024 Feb 202419 Apr 202455 Days

Most Expensive Streets in NE31 (Hebburn)

PostcodeStreetAreaAverageNo. of Sales
NE31 1AUWhites GardensHebburn£321,2504
NE31 1NZLongdean CloseHebburn£310,0003
NE31 1FLNightingale AvenueHebburn£279,95344
NE31 2BHBruce DriveHebburn£278,92012
NE31 2BGSaint CloseHebburn£274,5003
NE31 1RRSt Lukes PlaceHebburn£269,1119
NE31 2BEHolmes DriveHebburn£255,5559
NE31 1BFChaffinch DriveHebburn£253,17859
NE31 2BLGresford CloseHebburn£248,92210
NE31 2FEWentworth CloseHebburn£248,21311

Least Expensive Streets in NE31 (Hebburn)

PostcodeStreetAreaAverageNo. of Sales
NE31 1DYVictoria StreetHebburn£48,1663
NE31 2XEFrobisher StreetHebburn£50,2504
NE31 2XWCollingwood StreetHebburn£58,7506
NE31 2UNQuarry RoadHebburn£60,7484
NE31 2XGRed House RoadHebburn£61,6254
NE31 2XHHowe StreetHebburn£64,6404
NE31 2XBFrobisher StreetHebburn£66,4005
NE31 1DRChurch StreetHebburn£70,4005
NE31 1XNLeslie AvenueHebburn£74,8754
NE31 1QRVimy AvenueHebburn£78,7504

Explore NE31 (Hebburn) using map

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