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House Prices in NE5 House Prices in NE5 (Newcastle Upon Tyne)

The average house price in NE5 (Newcastle Upon Tyne) is £163,945 using HM Land Registry data.

The average property price increased by £31,798 (31.68%) over the last 5 years and increased by £6,371 (4.6%) over the last 12 months.

Over the last year, there were 376 residential property sales – a decrease of 212 transactions (-56.38%) relative to the previous year. The majority of house sales (88) were in the £124,000 - £158,000 range. Then came properties in the £158,000 - £192,000 range, where 78 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,792 (-2%).

In Oct 24, there were 67 new estate agency instructions, 84 agreed home sales and 49 property price reductions.

Nearby Postcodes: CA6, CA8, CA9, DH3, DH4, DH8, DH9, DL13, NE1, NE10, NE11, NE12, NE13, NE15, NE16, NE17, NE18, NE19, NE2, NE20, NE21, NE23, NE25, NE26, NE28, NE29, NE3, NE30, NE31, NE32, NE33, NE34, NE35, NE36, NE37, NE38, NE39, NE4, NE40, NE41, NE42, NE43, NE44, NE45, NE46, NE47, NE48, NE49, NE6, NE61, NE7, NE8, NE9, SR4, SR5, SR6, TD8, TD9

5-Year Average Property Prices in NE5 (Newcastle Upon Tyne)

31.68%

Property prices in Newcastle Upon Tyne increased by 31.68% 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 NE5 (Newcastle Upon Tyne) Over the Last Year

4.6%

Property prices in Newcastle Upon Tyne increased by 4.6% 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 NE5 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 NE5 (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 NE5 (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 NE5 (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 NE5 (Newcastle Upon Tyne) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE5 postcode area since 1995.

Recent Sales in NE5 (Newcastle Upon Tyne)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
11 Cheeseburn Gardens, Newcastle Upon Tyne, Tyne And Wear, NE5 2HY£110,000£105,000-£5,00008 May 202423 Aug 2024107 Days
19 Yatesbury Avenue, Newcastle Upon Tyne, Tyne And Wear, NE5 3SZ£130,000£125,000-£5,00009 Mar 202409 Aug 2024153 Days
14 Nedderton Close, Walbottle, Newcastle Upon Tyne, Tyne And Wear, NE5 1QF£185,000£185,000£0028 Feb 202401 Aug 2024155 Days
58 Binswood Avenue, Newcastle Upon Tyne, Tyne And Wear, NE5 3PP£145,000£142,000-£3,00005 Mar 202401 Aug 2024149 Days
20 Antrim Close, Newcastle Upon Tyne, Tyne And Wear, NE5 3UG£159,950£159,950£0017 Feb 202426 Jul 2024160 Days
6 Lupin Close, Newcastle Upon Tyne, Tyne And Wear, NE5 1UR£185,000£180,000-£5,00006 Feb 202423 Jul 2024168 Days
17 Garner Close, Newcastle Upon Tyne, Tyne And Wear, NE5 1SQ£179,950£165,000-£14,95027 Feb 202422 Jul 2024146 Days
24 Birkshaw Walk, Newcastle Upon Tyne, Tyne And Wear, NE5 2HZ£99,950£95,000-£4,95013 Mar 202422 Jul 2024131 Days
29 Roachburn Road, Newcastle Upon Tyne, Tyne And Wear, NE5 5NB£155,000£150,000-£5,00016 Feb 202416 Jul 2024151 Days
19 Beckside Gardens, Newcastle Upon Tyne, Tyne And Wear, NE5 1BQ£400,000£395,000-£5,00024 Oct 202312 Jul 2024262 Days
16 Glendale Close, Newcastle Upon Tyne, Tyne And Wear, NE5 1SD£230,000£200,000-£30,00008 Dec 202312 Jul 2024217 Days
20 Beckside Gardens, Newcastle Upon Tyne, Tyne And Wear, NE5 1BQ£249,950£242,500-£7,45012 Jan 202405 Jul 2024175 Days
26 Oulton Close, Newcastle Upon Tyne, Tyne And Wear, NE5 4SX£260,000£260,000£0002 Feb 202418 Jun 2024137 Days
5 Radcliffe Place, Newcastle Upon Tyne, Tyne And Wear, NE5 3LN£185,000£181,000-£4,00030 Jan 202417 Jun 2024139 Days
53 Apperley, Newcastle Upon Tyne, Tyne And Wear, NE5 2JU£89,950£88,500-£1,45023 Feb 202414 Jun 2024112 Days
12 Clifton Walk, Newcastle Upon Tyne, Tyne And Wear, NE5 1JR£175,000£170,000-£5,00011 Oct 202307 Jun 2024240 Days
3 West Meadows, Westerhope, Newcastle Upon Tyne, Tyne And Wear, NE5 1LS£379,950£379,950£0007 Dec 202307 Jun 2024183 Days
12 Creland Way, Newcastle Upon Tyne, Tyne And Wear, NE5 3UF£140,000£138,000-£2,00031 Jan 202403 Jun 2024124 Days
268 Stamfordham Road, Newcastle Upon Tyne, Tyne And Wear, NE5 2LB£200,000£200,000£0015 Jan 202431 May 2024137 Days
1 Greely Road, Newcastle Upon Tyne, Tyne And Wear, NE5 5LD£180,000£180,000£0016 Feb 202431 May 2024105 Days

Most Expensive Streets in NE5 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE5 1YPMandarin CloseNewcastle Upon Tyne£426,9905
NE5 1YWMandarin CloseNewcastle Upon Tyne£394,0003
NE5 1QRAbbey DriveNewcastle Upon Tyne£378,3333
NE5 1BWDavison Court, CallertonNewcastle Upon Tyne£374,52938
NE5 5HSHighfield RoadNewcastle Upon Tyne£369,4005
NE5 1QSAshford GroveNewcastle Upon Tyne£363,1254
NE5 1AZHodgson Close, CallertonNewcastle Upon Tyne£344,73017
NE5 1ESLily PlaceNewcastle Upon Tyne£320,99512
NE5 1PFBurnview Court, CallertonNewcastle Upon Tyne£312,42242
NE5 1BXMooney Crescent, CallertonNewcastle Upon Tyne£311,89054

Least Expensive Streets in NE5 (Newcastle Upon Tyne)

PostcodeStreetAreaAverageNo. of Sales
NE5 2JNDenton Court, Silver LonnenNewcastle Upon Tyne£43,2504
NE5 3YFSt Keverne SquareNewcastle Upon Tyne£46,6663
NE5 3XZSt Just Place, KentonNewcastle Upon Tyne£47,4874
NE5 4DFBluebell DeneNewcastle Upon Tyne£54,54010
NE5 2XFWhitbeck CourtNewcastle Upon Tyne£56,4994
NE5 3YHSt Keverne SquareNewcastle Upon Tyne£62,3333
NE5 3EXHeathfield CrescentNewcastle Upon Tyne£72,35010
NE5 4AGAmbergate CloseNewcastle Upon Tyne£73,5004
NE5 2JAAngerton GardensNewcastle Upon Tyne£76,7857
NE5 3EYMurrayfield RoadNewcastle Upon Tyne£77,7005

Explore NE5 (Newcastle Upon Tyne) using map

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