FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in Gateshead

Gateshead House Prices Gateshead House Prices

The average house price in Gateshead is £178,677 using HM Land Registry data.

The average property price increased by £19,219 (13.37%) over the last 5 years and increased by £3,842 (2.42%) over the last 12 months.

Over the last year, there were 1,177 residential property sales – a decrease of 237 transactions (-20.14%) relative to the previous year. The majority of house sales (337) were in the £118,000 - £156,000 range. Then came properties in the £80,000 - £118,000 range, where 248 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 £-3,929 (-1%).

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

Neighbouring Areas: Newcastle upon Tyne, Hebburn, Blaydon, Whickham

Postcodes Covered: NE10, NE11, NE36, NE8, NE9

5-Year Average Property Prices in Gateshead

13.37%

Property prices in Gateshead increased by 13.37% 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 Gateshead Over the Last Year

2.42%

Property prices in Gateshead increased by 2.42% 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 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 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 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 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 Gateshead since 1995

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

Recent Property Sales in Gateshead

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
478 Old Durham Road, Gateshead, Tyne And Wear, NE9 5DR£295,000£294,500-£50021 Mar 202422 Aug 2024154 Days
63a, Wellington Road, Gateshead, Tyne And Wear, NE11 9HD£125,000£67,510-£57,49011 Feb 201921 Aug 20242018 Days
5 East View Terrace, Gateshead, Tyne And Wear, NE10 9AS£150,000£142,500-£7,50013 Mar 202419 Aug 2024159 Days
2 St Edmunds Road, Gateshead, Tyne And Wear, NE8 4AX£199,950£190,000-£9,95007 May 202416 Aug 2024101 Days
39 Consett Road, Gateshead, Tyne And Wear, NE11 0AN£220,000£215,000-£5,00003 Apr 202409 Aug 2024128 Days
1 Arundel Gardens, Gateshead, Tyne And Wear, NE9 5YE£174,950£165,000-£9,95025 Jan 202405 Aug 2024193 Days
213 Westbourne Avenue, Gateshead, Tyne And Wear, NE8 4NR£200,000£195,000-£5,00022 Feb 202405 Aug 2024165 Days
14 Rosemount Avenue, Gateshead, Tyne And Wear, NE10 8EA£250,000£250,000£0001 Mar 202402 Aug 2024154 Days
21 Cowen Gardens, Gateshead, Tyne And Wear, NE9 7TY£125,000£116,000-£9,00018 Mar 202401 Aug 2024136 Days
52 Ellison Villas, Gateshead, Tyne And Wear, NE8 3RX£105,000£100,000-£5,00010 Apr 202401 Aug 2024113 Days
75 Grebe Close, Gateshead, Tyne And Wear, NE11 9FD£130,000£129,000-£1,00029 Feb 202430 Jul 2024152 Days
30 Sandy Lane, Gateshead, Tyne And Wear, NE9 7YB£215,000£210,000-£5,00023 Apr 202429 Jul 202497 Days
37 Palatine Place, Gateshead, Tyne And Wear, NE11 9SR£95,000£95,000£0028 Nov 202329 Jul 2024244 Days
10 Sacriston Gardens, Gateshead, Tyne And Wear, NE9 7ES£130,000£130,000£0002 Jan 202426 Jul 2024206 Days
13 Skipton Green, Gateshead, Tyne And Wear, NE9 7DZ£125,000£122,000-£3,00023 Jan 202426 Jul 2024185 Days
2 Grayling Road, Gateshead, Tyne And Wear, NE11 9ND£315,000£315,000£0014 Mar 202426 Jul 2024134 Days
37 Douglas Gardens, Gateshead, Tyne And Wear, NE11 9RA£199,950£199,950£0029 Jan 202426 Jul 2024179 Days
35 Bittern Close, Dunston, Gateshead, Tyne And Wear, NE11 9FF£150,000£150,000£0002 Apr 202425 Jul 2024114 Days
30 Percy Gardens, Gateshead, Tyne And Wear, NE11 9RY£190,000£190,000£0002 Feb 202425 Jul 2024174 Days
1 Ell Dene Crescent, Gateshead, Tyne And Wear, NE10 9UN£100,000£100,000£0029 Jan 202422 Jul 2024175 Days

Most Expensive Streets in Gateshead

PostcodeStreetAreaAverageNo. of Sales
NE9 5EZWhinney HouseDurham Road£501,7254
NE9 7TADurham RoadGateshead£486,2504
NE9 5DJValley DriveLow Fell£475,2003
NE9 5ASHeathfield PlaceLow Fell£466,4199
NE9 6ADDeneside AvenueGateshead£457,0003
NE9 5DNWestover GardensGateshead£452,5003
NE9 5HTKells LaneGateshead£450,8333
NE9 5DDValley DriveLow Fell£423,8333
NE9 5BHAshtrees GardensGateshead£423,7003
NE9 5BELimetrees GardensGateshead£418,1003

Least Expensive Streets in Gateshead

PostcodeStreetAreaAverageNo. of Sales
NE9 6LZStretford CourtGateshead£33,9163
NE10 0NQRidley TerraceGateshead£43,0994
NE9 7JFWillerby CourtGateshead£44,2494
NE8 4XJStephenson StreetGateshead£46,9994
NE8 4SLMaple GroveGateshead£49,6663
NE10 9QUStainton DriveGateshead£51,6663
NE10 8AJWardley CourtGateshead£52,9833
NE8 1QEHillfield StreetGateshead£55,6663
NE9 5UGThe FellsSalkeld Road£55,8336
NE8 3PTBayfield GardensGateshead£56,8333

Explore Gateshead and Neighbouring Area House Prices

Sell Your
House Fast
Property Auctions Gateshead
Property Auctions Gateshead
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark