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House Prices in NE7 House Prices in NE7 (Newcastle Upon Tyne)

The average house price in NE7 (Newcastle Upon Tyne) is £321,285 using HM Land Registry data.

The average property price increased by £58,087 (20.01%) over the last 5 years and increased by £11,639 (3.15%) over the last 12 months.

Over the last year, there were 154 residential property sales – a decrease of 68 transactions (-44.16%) relative to the previous year. The majority of house sales (35) were in the £130,000 - £180,000 range. Then came properties in the £180,000 - £230,000 range, where 25 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 £-6,047 (-2%).

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

Nearby Postcodes: DH3, DH4, DH8, DH9, NE1, NE10, NE11, NE12, NE13, NE15, NE16, NE17, NE18, NE19, NE2, NE20, NE21, NE22, NE23, NE24, NE25, NE26, NE27, NE28, NE29, NE3, NE30, NE31, NE32, NE33, NE34, NE35, NE36, NE37, NE38, NE39, NE4, NE40, NE45, NE5, NE6, NE61, NE62, NE63, NE64, NE65, NE66, NE67, NE68, NE69, NE70, NE71, NE8, NE9, NE99, SR4, SR5, SR6, TD12, TD15, TD5, TD8

5-Year Average Property Prices in NE7 (Newcastle Upon Tyne)

20.01%

Property prices in Newcastle Upon Tyne increased by 20.01% 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 NE7 (Newcastle Upon Tyne) Over the Last Year

3.15%

Property prices in Newcastle Upon Tyne increased by 3.15% 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 NE7 (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 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 NE7 (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 NE7 (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 NE7 (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 NE7 (Newcastle Upon Tyne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE7 postcode area since 1995.

Recent Sales in NE7 (Newcastle Upon Tyne)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
51 Nunwick Way, Newcastle Upon Tyne, Tyne And Wear, NE7 7GB£530,000£515,000-£15,00028 Mar 202426 Jul 2024120 Days
15 Stanley Grove, Newcastle Upon Tyne, Tyne And Wear, NE7 7RA£280,000£270,000-£10,00002 Feb 202405 Jul 2024154 Days
4 Shawbrow Close, Newcastle Upon Tyne, Tyne And Wear, NE7 7GW£379,950£378,000-£1,95005 Feb 202426 Jun 2024142 Days
32 Cleveland Gardens, Newcastle Upon Tyne, Tyne And Wear, NE7 7QH£295,000£292,500-£2,50005 Mar 202424 Jun 2024111 Days
4 Shrewsbury Close, Newcastle Upon Tyne, Tyne And Wear, NE7 7YS£325,000£325,000£0003 Jun 202421 Jun 202418 Days
49 Stephenson Road, High Heaton, Newcastle Upon Tyne, Tyne And Wear, NE7 7SA£165,000£165,000£0021 Nov 202303 Jun 2024195 Days
55 Red Hall Drive, Newcastle Upon Tyne, Tyne And Wear, NE7 7LJ£250,000£249,950-£5001 Mar 202431 May 202491 Days
61 Teviotdale Gardens, Newcastle Upon Tyne, Tyne And Wear, NE7 7PX£295,000£285,000-£10,00022 Dec 202331 May 2024161 Days
50 Teviotdale Gardens, Newcastle Upon Tyne, Tyne And Wear, NE7 7PX£230,000£222,000-£8,00010 Jan 202416 May 2024127 Days
32 St Julien Gardens, Newcastle Upon Tyne, Tyne And Wear, NE7 7LL£225,000£220,000-£5,00018 Oct 202309 May 2024204 Days
54 Corchester Walk, Newcastle Upon Tyne, Tyne And Wear, NE7 7SS£145,000£143,000-£2,00024 Sep 202326 Apr 2024215 Days
22 Slingsby Gardens, Newcastle Upon Tyne, Tyne And Wear, NE7 7RX£325,000£318,500-£6,50013 Oct 202312 Apr 2024182 Days
6 Turbinia Gardens, Newcastle Upon Tyne, Tyne And Wear, NE7 7LP£300,000£290,000-£10,00028 Nov 202310 Apr 2024134 Days
2 Witherington Close, Newcastle Upon Tyne, Tyne And Wear, NE7 7FH£320,000£320,000£0029 Oct 202305 Apr 2024159 Days
36 Horsley Road, Newcastle Upon Tyne, Tyne And Wear, NE7 7BN£170,000£167,500-£2,50018 Aug 202328 Mar 2024223 Days
20 Etherstone Avenue, Newcastle Upon Tyne, Tyne And Wear, NE7 7JX£280,000£275,000-£5,00029 Nov 202328 Mar 2024120 Days
11 Ramshaw Close, Newcastle Upon Tyne, Tyne And Wear, NE7 7GP£460,000£450,000-£10,00012 Jul 202315 Mar 2024247 Days
23 Beanley Place, Newcastle Upon Tyne, Tyne And Wear, NE7 7DQ£185,000£185,000£0017 Nov 202311 Mar 2024115 Days
28 Amberley Gardens, Newcastle Upon Tyne, Tyne And Wear, NE7 7JR£240,000£240,000£0007 Sep 202308 Mar 2024183 Days
6 Manor Drive, Newcastle Upon Tyne, Tyne And Wear, NE7 7XL£390,000£380,000-£10,00026 Sep 202308 Mar 2024164 Days

Most Expensive Streets in NE7 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE7 7BUJesmond Park WestNewcastle Upon Tyne£1,541,6663
NE7 7LSThe CloistersNewcastle Upon Tyne£520,5013
NE7 7BTJesmond Park EastNewcastle Upon Tyne£464,1663
NE7 7GBNunwick WayNewcastle Upon Tyne£457,5007
NE7 7GHRoundstone CloseNewcastle Upon Tyne£454,1666
NE7 7GWShawbrow CloseNewcastle Upon Tyne£431,2217
NE7 7BYJesmond Park WestNewcastle Upon Tyne£426,97211
NE7 7GEMoralee CloseNewcastle Upon Tyne£425,0003
NE7 7GPRamshaw CloseNewcastle Upon Tyne£403,3333
NE7 7YEEastlandsNewcastle Upon Tyne£360,0005

Least Expensive Streets in NE7 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE7 7UTSt Andrews CourtNewcastle Upon Tyne£94,8333
NE7 7XXManor WalkNewcastle Upon Tyne£95,0077
NE7 7TRCoach LaneNewcastle Upon Tyne£101,0003
NE7 7TLHigh DeneNewcastle Upon Tyne£114,2005
NE7 7FDAllingham CourtNewcastle Upon Tyne£114,3717
NE7 7EBBenton RoadNewcastle Upon Tyne£119,0258
NE7 7RHThe Wills Building, Wills OvalNewcastle Upon Tyne£124,70015
NE7 7RWThe Wills Building, Wills OvalNewcastle Upon Tyne£125,19615
NE7 7FTWharry Court, Manor ParkNewcastle Upon Tyne£127,25510
NE7 7DUBenton RoadNewcastle Upon Tyne£129,6254

Explore NE7 (Newcastle Upon Tyne) using map

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