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House Prices in NE8

The average house price in NE8 (Gateshead) is £130,900 using HM Land Registry data.

The average property price increased by £13,472 (11.3%) over the last 5 years and increased by £2,700 (1.89%) over the last 12 months.

Over the last year, there were 289 residential property sales – a decrease of 132 transactions (-45.67%) relative to the previous year. The majority of house sales (61) were in the £124,000 - £156,000 range. Then came properties in the £92,000 - £124,000 range, where 56 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 £-4,377 (-3%).

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

5-Year Average Property Prices in NE8 (Gateshead)

11.3%

Property prices in Gateshead increased by 11.3% 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 NE8 (Gateshead) Over the Last Year

1.89%

Property prices in Gateshead increased by 1.89% 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.

Property Market Heat Gauge for NE8 (Gateshead) - 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 NE8 (Gateshead)

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 NE8 (Gateshead)

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 NE8 (Gateshead)

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 NE8 (Gateshead) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE8 postcode area since 1995.

Recent Sales in NE8 (Gateshead)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
2 St Edmunds Road, Gateshead, Tyne And Wear, NE8 4AX	£199,950	£190,000	-£9,950	07 May 2024	16 Aug 2024	101 Days
213 Westbourne Avenue, Gateshead, Tyne And Wear, NE8 4NR	£200,000	£195,000	-£5,000	22 Feb 2024	05 Aug 2024	165 Days
52 Ellison Villas, Gateshead, Tyne And Wear, NE8 3RX	£105,000	£100,000	-£5,000	10 Apr 2024	01 Aug 2024	113 Days
44 Edison Gardens, Gateshead, Tyne And Wear, NE8 4SE	£100,000	£99,500	-£500	30 Jan 2024	05 Jul 2024	157 Days
80 Shipcote Terrace, Gateshead, Tyne And Wear, NE8 4AA	£70,000	£70,000	£00	08 Jan 2024	17 Jun 2024	161 Days
4 Moore Street Villas, Gateshead, Tyne And Wear, NE8 3PG	£125,000	£115,000	-£10,000	23 Aug 2023	07 Jun 2024	289 Days
5a, Poplar Crescent, Bensham, Gateshead, Tyne And Wear, NE8 1QD	£129,950	£122,000	-£7,950	08 Aug 2023	17 May 2024	283 Days
17 Burney Villas, Gateshead, Tyne And Wear, NE8 3RH	£80,000	£78,000	-£2,000	15 Nov 2022	29 Apr 2024	531 Days
60 Exeter Street, Gateshead, Tyne And Wear, NE8 4EY	£155,000	£155,000	£00	18 Jan 2024	26 Apr 2024	99 Days
48 Howe Street, Gateshead, Tyne And Wear, NE8 3PP	£69,950	£66,500	-£3,450	16 Jan 2024	28 Mar 2024	72 Days
219 Bensham Road, Gateshead, Tyne And Wear, NE8 1US	£190,000	£190,000	£00	02 Jan 2024	25 Mar 2024	83 Days
323 Sanderson Villas, Gateshead, Tyne And Wear, NE8 3DE	£87,500	£60,000	-£27,500	18 Aug 2021	22 Mar 2024	947 Days
20 Ripon Street, Gateshead, Tyne And Wear, NE8 4EP	£74,950	£70,000	-£4,950	26 Sep 2022	22 Mar 2024	543 Days
11 Barrington Place, Gateshead, Tyne And Wear, NE8 1XA	£395,000	£350,000	-£45,000	17 Oct 2023	22 Mar 2024	157 Days
122 Kingston Road, Gateshead, Tyne And Wear, NE8 3UJ	£100,000	£100,000	£00	01 Dec 2023	11 Mar 2024	101 Days
45 Saltwell Street, Gateshead, Tyne And Wear, NE8 4QX	£65,000	£62,000	-£3,000	11 Oct 2023	08 Mar 2024	149 Days
112 Rodsley Avenue, Gateshead, Tyne And Wear, NE8 4LA	£85,000	£77,500	-£7,500	01 Sep 2023	07 Mar 2024	188 Days
110 Brighton Road, Gateshead, Tyne And Wear, NE8 4QA	£149,950	£135,000	-£14,950	03 Oct 2023	04 Mar 2024	153 Days
171 Old Durham Road, Gateshead, Tyne And Wear, NE8 3TR	£120,000	£118,000	-£2,000	06 Oct 2023	01 Mar 2024	147 Days
165 Redgrave Close, Gateshead, Tyne And Wear, NE8 3JT	£94,000	£94,000	£00	19 Oct 2023	16 Feb 2024	120 Days

Most Expensive Streets in NE8 (Gateshead)

Postcode	Street	Area	Average	No. of Sales
NE8 4JS	Saltwell View	Gateshead	£325,125	4
NE8 4JR	Durham Road	Gateshead	£285,812	4
NE8 4NE	Avondale Terrace	Gateshead	£282,666	3
NE8 4SP	West Park Road	Gateshead	£271,666	3
NE8 1TL	Claremont Place	Gateshead	£263,065	5
NE8 1XA	Barrington Place	Gateshead	£259,333	3
NE8 1TU	Windermere Street	Gateshead	£257,000	4
NE8 1TX	Windermere Street West	Gateshead	£253,333	3
NE8 1TY	Bewick Road	Gateshead	£253,333	3
NE8 3PF	St Edmunds Court	Gateshead	£237,499	4

Least Expensive Streets in NE8 (Gateshead)

Postcode	Street	Area	Average	No. of Sales
NE8 4XJ	Stephenson Street	Gateshead	£46,999	4
NE8 4SL	Maple Grove	Gateshead	£49,666	3
NE8 1QE	Hillfield Street	Gateshead	£55,666	3
NE8 3PT	Bayfield Gardens	Gateshead	£56,833	3
NE8 4QB	Hyde Park Street	Gateshead	£57,625	4
NE8 1XT	Bensham Avenue	Gateshead	£57,950	3
NE8 3PN	Moore Street	Gateshead	£61,750	4
NE8 4QS	Rawling Road	Gateshead	£62,000	5
NE8 3PQ	Howe Street	Gateshead	£63,750	4
NE8 3PP	Howe Street	Gateshead	£63,970	5