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House Prices in NE38 House Prices in NE38 (Washington)

The average house price in NE38 (Washington) is £212,527 using HM Land Registry data.

The average property price increased by £8,076 (45.22%) over the last 5 years and increased by £1,618 (6.04%) over the last 12 months.

Over the last year, there were 230 residential property sales – a decrease of 85 transactions (-36.96%) relative to the previous year. The majority of house sales (62) were in the £128,000 - £186,000 range. Then came properties in the £70,000 - £128,000 range, where 56 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,512 (-2%).

In Dec 24, there were 26 new estate agency instructions, 19 agreed home sales and 13 property price reductions.

Nearby Postcodes: DH1, DH2, DH3, DH4, DH5, DH6, NE10, NE36, NE37, NE9, SR1, SR2, SR3, SR4, SR5, SR6

5-Year Average Property Prices in NE38 (Washington)

45.22%

Property prices in Washington increased by 45.22% 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 NE38 (Washington) Over the Last Year

6.04%

Property prices in Washington increased by 6.04% 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 NE38 (Washington) - Dec 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 NE38 (Washington)

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 NE38 (Washington)

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 NE38 (Washington)

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 NE38 (Washington) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE38 postcode area since 1995.

Recent Sales in NE38 (Washington)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Howardian Close, Washington, Tyne And Wear, NE38 0PX£100,000£100,000£0011 Sep 202422 Nov 202472 Days
5 Greenhead, Washington, Tyne And Wear, NE38 0NN£150,000£146,000-£4,00006 Jun 202418 Nov 2024165 Days
32 Beckford, Washington, Tyne And Wear, NE38 8TP£385,000£380,000-£5,00009 Mar 202415 Nov 2024251 Days
109 Dunstanburgh Close, Washington, Tyne And Wear, NE38 0JG£44,000£39,999-£4,00116 Aug 202408 Nov 202484 Days
9 Hawkhirst, Washington, Tyne And Wear, NE38 8SQ£395,000£395,000£0011 Jun 202405 Nov 2024147 Days
33 The Spinney, Washington, Tyne And Wear, NE38 8RY£185,000£185,000£0011 Jul 202429 Oct 2024110 Days
15 Wheatear Close, Washington, Tyne And Wear, NE38 0DH£149,950£145,000-£4,95025 May 202425 Oct 2024153 Days
26 Graylands, High Rickleton, Washington, Tyne And Wear, NE38 9HF£419,950£415,000-£4,95022 Aug 202423 Oct 202462 Days
18 Falstone, Washington, Tyne And Wear, NE38 8SE£250,000£247,500-£2,50028 Apr 202418 Oct 2024173 Days
Oakleigh, Vigo Lane, Rickleton, Washington, Tyne And Wear, NE38 9EJ£350,000£350,000£0007 May 202417 Oct 2024163 Days
16 Lydcott, Washington, Tyne And Wear, NE38 8TN£380,000£380,000£0024 Feb 202423 Aug 2024181 Days
7 Mallard Close, Washington, Tyne And Wear, NE38 0ER£225,000£220,000-£5,00023 Apr 202422 Aug 2024121 Days
61 Dilston Close, Washington, Tyne And Wear, NE38 0HE£172,000£170,000-£2,00008 Feb 202421 Aug 2024195 Days
42 Horsley Road, Washington, Tyne And Wear, NE38 8HF£90,000£86,500-£3,50024 Apr 202420 Aug 2024118 Days
19 Fountains Close, Washington, Tyne And Wear, NE38 7TA£190,000£185,000-£5,00028 Jun 202315 Aug 2024414 Days
6 Fieldfare Close, Washington, Tyne And Wear, NE38 0DQ£300,000£290,000-£10,00001 Feb 202401 Aug 2024182 Days
37 Barmston Way, Washington, Tyne And Wear, NE38 8DN£85,000£83,000-£2,00026 Mar 202426 Jul 2024122 Days
230 Horsley Road, Washington, Tyne And Wear, NE38 8HW£110,000£105,000-£5,00007 May 202424 Jul 202478 Days
5 Pikestone Close, Washington, Tyne And Wear, NE38 0QE£240,000£238,000-£2,00007 Feb 202422 Jul 2024166 Days
21 Titchfield Road, Washington, Tyne And Wear, NE38 7JT£135,000£135,000£0003 Apr 202412 Jul 2024100 Days

Most Expensive Streets in NE38 (Washington)

PostcodeStreetAreaAverageNo. of Sales
NE38 9DBBramhall DriveWashington£633,7504
NE38 9DEBramhall DriveWashington£599,8577
NE38 7NWWhitby DriveWashington£535,0004
NE38 8BJDuxbury ParkWashington£508,5004
NE38 8BPFatfield ParkWashington£441,84316
NE38 8FDDovestone CloseWashington£430,8754
NE38 8AHSouth ViewWashington£424,0505
NE38 9BNThe Generals WoodWashington£405,0005
NE38 9HSBreamish DriveWashington£384,5836
NE38 9JDForest DriveWashington£379,3333

Least Expensive Streets in NE38 (Washington)

PostcodeStreetAreaAverageNo. of Sales
NE38 8NJSherringham House, Station RoadWashington£44,9754
NE38 0HRBamburgh CloseWashington£46,1254
NE38 0JHWitton CourtWashington£55,1895
NE38 0HXLumley CloseWashington£59,5005
NE38 7LSGrasmere GardensWashington£63,3333
NE38 7DDWillows CloseWashington£63,8124
NE38 0HZLumley CloseWashington£63,8754
NE38 7JYWalthamWashington£66,1663
NE38 0JEDunstanburgh CloseWashington£69,5003
NE38 8EUWaskerley RoadWashington£71,3333

Explore NE38 (Washington) using map

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