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House Prices in NE28 House Prices in NE28 (Wallsend)

The average house price in NE28 (Wallsend) is £167,201 using HM Land Registry data.

The average property price increased by £8,990 (50.43%) over the last 5 years and increased by £1,801 (6.53%) over the last 12 months.

Over the last year, there were 466 residential property sales – a decrease of 37 transactions (-7.94%) relative to the previous year. The majority of house sales (119) were in the £106,000 - £142,000 range. Then came properties in the £142,000 - £178,000 range, where 105 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 115 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-2,724 (-1%).

In January 2025, there were 68 new estate agency instructions, 68 agreed home sales and 27 property price reductions.

Nearby Postcodes: NE1, NE10, NE12, NE13, NE19, NE2, NE20, NE22, NE23, NE24, NE25, NE26, NE27, NE29, NE3, NE30, NE31, NE32, NE33, NE34, NE35, NE36, NE6, NE61, NE62, NE63, NE64, NE65, NE66, NE67, NE68, NE69, NE7, NE70, NE71, NE8, SR6, TD12, TD15, TD5, TD8

5-Year Average Property Prices in NE28 (Wallsend)

50.43%

Property prices in NE28 (Wallsend) increased by 50.43% 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 NE28 (Wallsend) Over the Last Year

6.53%

Property prices in NE28 (Wallsend) increased by 6.53% 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 NE28 (Wallsend) - January 2025

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 NE28 (Wallsend)

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 NE28 (Wallsend)

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 NE28 (Wallsend)

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 NE28 (Wallsend) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE28 postcode area since 1995.

Recent Sales in NE28 (Wallsend)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
55 Alexandrea Way, Wallsend, Tyne And Wear, NE28 9JX£90,000£90,000£012 Jul 202406 Dec 2024147 Days
51 Lancaster Drive, Wallsend, Tyne And Wear, NE28 9TF£269,950£268,000-£1,95023 Jul 202406 Dec 2024136 Days
2 Springfield Gardens, Wallsend, Tyne And Wear, NE28 8AJ£150,000£145,000-£5,00005 Sep 202429 Nov 202485 Days
41 Hollings Crescent, Wallsend, Tyne And Wear, NE28 9LN£165,000£165,000£009 Jul 202425 Nov 2024139 Days
11 Roman Court, Wallsend, Tyne And Wear, NE28 7JP£115,000£108,000-£7,00023 May 202425 Nov 2024186 Days
7 Mcilvenna Gardens, Wallsend, Tyne And Wear, NE28 9EY£225,000£222,500-£2,50013 Aug 202425 Nov 2024104 Days
88 Charlotte Street, Wallsend, Tyne And Wear, NE28 7PU£85,000£85,000£016 Jul 202414 Nov 2024121 Days
291 Station Road, Wallsend, Tyne And Wear, NE28 8SB£160,000£156,000-£4,00020 Jun 202414 Nov 2024147 Days
25 Sedley Road, Wallsend, Tyne And Wear, NE28 6AU£120,000£120,000£018 Mar 202411 Nov 2024238 Days
52 The Avenue, Wallsend, Tyne And Wear, NE28 6BT£195,000£195,000£008 May 202404 Nov 2024180 Days
53 Dinsdale Avenue, Wallsend, Tyne And Wear, NE28 9JD£149,950£149,950£002 Aug 202401 Nov 202491 Days
8 Monmouth Gardens, Wallsend, Tyne And Wear, NE28 0DW£165,000£155,000-£10,00016 Mar 202429 Oct 2024227 Days
70 Haydon Drive, Wallsend, Tyne And Wear, NE28 0BH£230,000£230,000£002 Feb 202425 Oct 2024266 Days
6 Mutual Street, Wallsend, Tyne And Wear, NE28 8JZ£133,000£128,600-£4,40005 Jul 202425 Oct 2024112 Days
107 Ridley Avenue, Wallsend, Tyne And Wear, NE28 0HB£159,950£158,000-£1,95012 Mar 202425 Oct 2024227 Days
95 Savory Road, Wallsend, Tyne And Wear, NE28 7EF£180,000£180,000£018 Aug 202312 Aug 2024360 Days
22 Churchill Street, Wallsend, Tyne And Wear, NE28 7TB£140,000£130,000-£10,00021 Feb 202412 Aug 2024173 Days
8 Priors Way, Wallsend, Tyne And Wear, NE28 7BY£130,000£128,000-£2,00005 Mar 202405 Aug 2024153 Days
17 Caesar Way, Wallsend, Tyne And Wear, NE28 7JL£75,000£45,000-£30,00019 Sep 202325 Jul 2024310 Days
44 Mullen Road, Wallsend, Tyne And Wear, NE28 9LY£139,950£139,950£015 Mar 202419 Jul 2024126 Days

Most Expensive Streets in NE28 (Wallsend)

PostcodeStreetAreaAverageNo. of Sales
NE28 7PGThe GreenWallsend£358,0006
NE28 8UGHyde ParkWallsend£353,6054
NE28 8SRHigh ViewWallsend£288,3333
NE28 8UNRichmond ParkWallsend£286,6663
NE28 7QQThe CoversWallsend£286,5005
NE28 9ZHHadrian WyndWallsend£284,72711
NE28 9XZAysgarth AvenueWallsend£283,4004
NE28 9QUAscot CloseWallsend£277,6663
NE28 8ULGreen ParkWallsend£270,4163
NE28 7QXIrwin AvenueWallsend£266,3333

Least Expensive Streets in NE28 (Wallsend)

PostcodeStreetAreaAverageNo. of Sales
NE28 0JJBrinkburn StreetWallsend£38,5003
NE28 7EJVindolanda, Ryton GardensWallsend£49,6663
NE28 7RXHigh Street EastWallsend£51,3163
NE28 6PEHolly AvenueWallsend£53,7503
NE28 0JZBarrasford StreetWallsend£55,5004
NE28 6SLGeorge StreetWallsend£60,3624
NE28 7BJBurn TerraceWallsend£61,3336
NE28 6JBVine StreetWallsend£61,3333
NE28 7ELStanwix, Engine Inn RoadWallsend£62,1663
NE28 6QFFord TerraceWallsend£62,8333

Explore NE28 (Wallsend) using map

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