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House Prices in NE39 House Prices in NE39 (Rowlands Gill)

The average house price in NE39 (Rowlands Gill) is £136,571 using HM Land Registry data.

The average property price increased by £7,115 (31.83%) over the last 5 years and increased by £1,425 (4.62%) over the last 12 months.

Over the last year, there were 83 residential property sales – a decrease of 39 transactions (-46.99%) relative to the previous year. The majority of house sales (42) were in the £90,000 - £176,000 range. Then came properties in the £176,000 - £262,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 93 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,757 (-2%).

In Dec 24, there were 13 new estate agency instructions, 9 agreed home sales and 9 property price reductions.

Nearby Postcodes: , DH1, DH2, DH7, DH8, DH9, DH97, DH98, DH99, DL13, NE11, NE15, NE16, NE17, NE21, NE40, NE41, NE42, NE43, NE44, NE47

5-Year Average Property Prices in NE39 (Rowlands Gill)

31.83%

Property prices in Rowlands Gill increased by 31.83% 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 NE39 (Rowlands Gill) Over the Last Year

4.62%

Property prices in Rowlands Gill increased by 4.62% 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 NE39 (Rowlands Gill) - 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 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 NE39 (Rowlands Gill)

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 NE39 (Rowlands Gill)

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 NE39 (Rowlands Gill)

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 NE39 (Rowlands Gill) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE39 postcode area since 1995.

Recent Sales in NE39 (Rowlands Gill)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
26 West Street, High Spen, Rowlands Gill, Tyne And Wear, NE39 2HQ£115,000£114,000-£1,00005 Jun 202421 Oct 2024138 Days
3 Snipes Dene, Rowlands Gill, Tyne And Wear, NE39 2PJ£110,000£105,000-£5,00009 May 202407 Oct 2024151 Days
2 Bute Drive, High Spen, Rowlands Gill, Tyne And Wear, NE39 2DP£320,000£305,000-£15,00003 May 202304 Oct 2024520 Days
52 Dominies Close, Rowlands Gill, Tyne And Wear, NE39 1PB£350,000£350,000£0027 Jun 202427 Sep 202492 Days
41 South Sherburn, Rowlands Gill, Tyne And Wear, NE39 1JX£215,000£210,000-£5,00020 Apr 202423 Sep 2024156 Days
60 Spen Burn, High Spen, Rowlands Gill, Tyne And Wear, NE39 2DN£230,000£230,000£0019 Apr 202429 Aug 2024132 Days
41 The Crescent, Rowlands Gill, Tyne And Wear, NE39 1JN£160,000£155,000-£5,00018 May 202423 Aug 202497 Days
28 Lilley Terrace, Rowlands Gill, Tyne And Wear, NE39 2PD£160,000£157,000-£3,00010 May 202421 Aug 2024103 Days
31 East Street, High Spen, Rowlands Gill, Tyne And Wear, NE39 2HD£85,000£85,000£0022 Feb 202412 Aug 2024172 Days
39 Norman Road, Rowlands Gill, Tyne And Wear, NE39 1JS£380,000£380,000£0016 Jan 202414 Jun 2024150 Days
13 Thornley Lane, Rowlands Gill, Tyne And Wear, NE39 1AU£260,000£255,000-£5,00023 Feb 202414 Jun 2024112 Days
10 Dominies Close, Rowlands Gill, Tyne And Wear, NE39 1PA£175,000£172,500-£2,50025 Mar 202403 Jun 202470 Days
13 Hollydene, Rowlands Gill, Tyne And Wear, NE39 1LQ£91,000£91,000£0027 Jan 202424 May 2024118 Days
12 Wellfield Road, Rowlands Gill, Tyne And Wear, NE39 2NF£140,000£140,000£0003 Feb 202423 May 2024110 Days
8 Deneway, Rowlands Gill, Tyne And Wear, NE39 1BD£180,000£167,500-£12,50009 Oct 202317 May 2024221 Days
6 Rookswood Gardens, Rowlands Gill, Tyne And Wear, NE39 2PH£90,000£87,000-£3,00005 Sep 202318 Mar 2024195 Days
High View, Stirling Lane, Rowlands Gill, Tyne And Wear, NE39 1PP£430,000£420,000-£10,00029 Aug 202328 Feb 2024183 Days
Ashfield, Strathmore Road, Rowlands Gill, Tyne And Wear, NE39 1HZ£795,000£758,000-£37,00025 Aug 202313 Feb 2024172 Days
22 Chapel View, Rowlands Gill, Tyne And Wear, NE39 2PN£140,000£139,000-£1,00007 Sep 202329 Jan 2024144 Days
6 Dene View, Highfield, Rowlands Gill, Tyne And Wear, NE39 2LH£150,000£147,000-£3,00006 Apr 202312 Jan 2024281 Days

Most Expensive Streets in NE39 (Rowlands Gill)

PostcodeStreetAreaAverageNo. of Sales
NE39 1HEHigh Mill Road, Hamsterley MillRowlands Gill£632,3333
NE39 1ANHigh Horse CloseRowlands Gill£626,2504
NE39 1HDHigh Hamsterley Road, Hamsterley MillRowlands Gill£574,8333
NE39 2PXBrockwell DriveRowlands Gill£553,5005
NE39 2PURowland Burn WayRowlands Gill£541,6663
NE39 1HZStrathmore RoadRowlands Gill£541,0003
NE39 1HGLintzford Road, Hamsterley MillRowlands Gill£479,1666
NE39 1HHParklands, Hamsterley MillRowlands Gill£462,3128
NE39 1HALintzford Road, Hamsterley MillRowlands Gill£455,0003
NE39 2DPBute Drive, High SpenRowlands Gill£377,9166

Least Expensive Streets in NE39 (Rowlands Gill)

PostcodeStreetAreaAverageNo. of Sales
NE39 2DJSouth View EastRowlands Gill£76,3333
NE39 2HJTowneley Terrace, High SpenRowlands Gill£77,62512
NE39 2HLStrothers Terrace, High SpenRowlands Gill£77,7506
NE39 2AWThe Crescent, High SpenRowlands Gill£78,0004
NE39 2NGMargaret TerraceRowlands Gill£81,0068
NE39 2HDEast Street, High SpenRowlands Gill£87,5717
NE39 2NHNorth View EastRowlands Gill£90,7675
NE39 2NEOlga TerraceRowlands Gill£91,7147
NE39 1LQHollydeneRowlands Gill£92,3005
NE39 2PHRookswood GardensRowlands Gill£92,3333

Explore NE39 (Rowlands Gill) using map

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