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House Prices in NE37

The average house price in NE37 (Washington) is £134,237 using HM Land Registry data.

The average property price decreased by £22,202 (-67.37%) over the last 5 years and decreased by £4,449 (-7.95%) over the last 12 months.

Over the last year, there were 171 residential property sales – a decrease of 61 transactions (-35.67%) relative to the previous year. The majority of house sales (40) were in the £96,000 - £134,000 range. Then came properties in the £58,000 - £96,000 range, where 34 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-2,858 (-2%).

In Oct 24, there were 36 new estate agency instructions, 31 agreed home sales and 15 property price reductions.

5-Year Average Property Prices in NE37 (Washington)

67.37%

Property prices in Washington increased by 67.37% 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 NE37 (Washington) Over the Last Year

7.95%

Property prices in Washington increased by 7.95% 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 NE37 (Washington) - 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 NE37 (Washington)

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 NE37 (Washington)

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 NE37 (Washington)

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 NE37 (Washington) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE37 postcode area since 1995.

Recent Sales in NE37 (Washington)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
7 Monterey, Washington, Tyne And Wear, NE37 2RG	£175,000	£169,000	-£6,000	09 Mar 2024	21 Aug 2024	165 Days
1 Stone Cellars, Washington, Tyne And Wear, NE37 1NS	£210,000	£200,000	-£10,000	12 Mar 2024	19 Aug 2024	160 Days
19 Ullswater Drive, Washington, Tyne And Wear, NE37 1UX	£195,000	£195,000	£00	26 Aug 2023	02 Aug 2024	342 Days
5 Oxford Avenue, Washington, Tyne And Wear, NE37 1AA	£120,000	£120,000	£00	17 May 2024	01 Aug 2024	76 Days
117 Essex Drive, Washington, Tyne And Wear, NE37 2NU	£239,950	£239,950	£00	28 Mar 2024	30 Jul 2024	124 Days
10 Warwick Drive, Washington, Tyne And Wear, NE37 2NG	£170,000	£163,000	-£7,000	06 Feb 2024	26 Jul 2024	171 Days
31 Essex Drive, Washington, Tyne And Wear, NE37 2ND	£180,000	£177,500	-£2,500	07 Feb 2024	28 Jun 2024	142 Days
11 Whinway, Washington, Tyne And Wear, NE37 1AU	£139,950	£133,000	-£6,950	06 Dec 2023	14 Jun 2024	191 Days
315 Coach Road Estate, Washington, Tyne And Wear, NE37 2EZ	£145,000	£137,000	-£8,000	20 Nov 2023	07 Jun 2024	200 Days
13 Coach Road Estate, Washington, Tyne And Wear, NE37 2EH	£130,000	£127,000	-£3,000	07 Jan 2024	04 Jun 2024	149 Days
1 Craggyknowe, Washington, Tyne And Wear, NE37 1JY	£240,000	£240,000	£00	15 Feb 2024	31 May 2024	106 Days
20 Gleneagles Drive, Washington, Tyne And Wear, NE37 1PL	£260,000	£255,000	-£5,000	01 Nov 2023	22 May 2024	203 Days
1 Council Terrace, Washington, Tyne And Wear, NE37 2UB	£95,000	£95,000	£00	04 Jan 2024	10 May 2024	127 Days
5 Sussex Place, Washington, Tyne And Wear, NE37 2NT	£260,000	£260,000	£00	16 Feb 2024	07 May 2024	81 Days
28 Bridekirk, Washington, Tyne And Wear, NE37 1UD	£119,000	£119,000	£00	20 Jan 2024	22 Apr 2024	93 Days
29 Arklecrag, Washington, Tyne And Wear, NE37 1RA	£100,000	£100,000	£00	05 Feb 2024	09 Apr 2024	64 Days
16 Foxley, Washington, Tyne And Wear, NE37 3BN	£117,500	£117,500	£00	13 Oct 2023	09 Apr 2024	179 Days
152 Collingwood Court, Washington, Tyne And Wear, NE37 3EF	£30,000	£29,000	-£1,000	19 Feb 2024	03 Apr 2024	44 Days
56 Swirral Edge, Washington, Tyne And Wear, NE37 1UP	£159,950	£158,000	-£1,950	20 Sep 2023	28 Mar 2024	190 Days
2 Devon Walk, Washington, Tyne And Wear, NE37 2NS	£167,500	£165,000	-£2,500	07 Feb 2023	28 Mar 2024	415 Days

Most Expensive Streets in NE37 (Washington)

Postcode	Street	Area	Average	No. of Sales
NE37 1PD	Loch Lomond	Washington	£538,200	5
NE37 1SE	Gullane	Washington	£442,519	3
NE37 1PX	Wentworth Drive	Washington	£436,000	7
NE37 3HJ	Usworth Hall	Washington	£416,100	5
NE37 1BF	Willowdene	Washington	£383,666	3
NE37 1PZ	Silloth Drive	Washington	£363,750	4
NE37 1PG	The Farthings	Washington	£266,583	6
NE37 1ER	Highfields Manor	Washington	£249,934	43
NE37 1PL	Gleneagles Drive	Washington	£240,833	3
NE37 1EA	Wellgarth Road	Washington	£239,722	9

Least Expensive Streets in NE37 (Washington)

Postcode	Street	Area	Average	No. of Sales
NE37 3EN	Waterloo Walk	Washington	£16,833	6
NE37 3DX	Waterloo Court	Washington	£19,833	3
NE37 3EL	Waterloo Walk	Washington	£21,950	8
NE37 3EP	Wellington Walk	Washington	£23,216	6
NE37 3EF	Collingwood Court	Washington	£23,463	26
NE37 3EQ	Kenilworth Court	Washington	£23,643	4
NE37 3ED	Collingwood Court	Washington	£24,468	11
NE37 3EG	Kenilworth Court	Washington	£25,911	13
NE37 3DT	Wellington Court	Washington	£26,366	6
NE37 3EB	Collingwood Court	Washington	£29,005	9