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House Prices in NE9 House Prices in NE9 (Gateshead)

The average house price in NE9 (Gateshead) is £193,512 using HM Land Registry data.

The average property price increased by £22,195 (23.63%) over the last 5 years and increased by £4,447 (3.62%) over the last 12 months.

Over the last year, there were 363 residential property sales – a decrease of 48 transactions (-13.22%) relative to the previous year. The majority of house sales (100) were in the £90,000 - £140,000 range. Then came properties in the £140,000 - £190,000 range, where 64 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 87 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,650 (-2%).

In Dec 24, there were 16 new estate agency instructions, 37 agreed home sales and 9 property price reductions.

Nearby Postcodes: , DH1, DH2, DH3, DH4, DH9, DH98, NE1, NE10, NE11, NE15, NE16, NE2, NE21, NE31, NE32, NE36, NE37, NE38, NE4, NE6, NE8, NE82, NE83, NE85, NE88, NE99, SR5

5-Year Average Property Prices in NE9 (Gateshead)

23.63%

Property prices in Gateshead increased by 23.63% 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 NE9 (Gateshead) Over the Last Year

3.62%

Property prices in Gateshead increased by 3.62% 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 NE9 (Gateshead) - Dec 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 NE9 (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 NE9 (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 NE9 (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 NE9 (Gateshead) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NE9 postcode area since 1995.

Recent Sales in NE9 (Gateshead)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
45 Dovedale Gardens, Gateshead, Tyne And Wear, NE9 6NT£145,000£141,200-£3,80015 Jul 202415 Nov 2024123 Days
22 Eskdale Gardens, Gateshead, Tyne And Wear, NE9 6NS£239,950£235,000-£4,95020 Jun 202415 Nov 2024148 Days
87 Heugh Hill, Gateshead, Tyne And Wear, NE9 7NS£119,950£115,000-£4,95019 Aug 202425 Oct 202467 Days
12 Seaham Gardens, Gateshead, Tyne And Wear, NE9 7EL£135,000£135,000£0009 Jul 202418 Oct 2024101 Days
478 Old Durham Road, Gateshead, Tyne And Wear, NE9 5DR£295,000£294,500-£50021 Mar 202422 Aug 2024154 Days
1 Arundel Gardens, Gateshead, Tyne And Wear, NE9 5YE£174,950£165,000-£9,95025 Jan 202405 Aug 2024193 Days
21 Cowen Gardens, Gateshead, Tyne And Wear, NE9 7TY£125,000£116,000-£9,00018 Mar 202401 Aug 2024136 Days
30 Sandy Lane, Gateshead, Tyne And Wear, NE9 7YB£215,000£210,000-£5,00023 Apr 202429 Jul 202497 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
6 Selborne Avenue, Gateshead, Tyne And Wear, NE9 6ET£359,995£356,000-£3,99527 Feb 202419 Jul 2024143 Days
4 Charlbury Close, Gateshead, Tyne And Wear, NE9 7NL£147,950£145,500-£2,45026 Sep 202317 Jul 2024295 Days
6 Victoria Terrace, Springwell, Gateshead, Tyne And Wear, NE9 7PH£174,950£165,000-£9,95024 May 202317 Jul 2024420 Days
8 Belle Vue Terrace, Low Fell, Gateshead, Tyne And Wear, NE9 6DJ£299,950£245,000-£54,95031 Oct 202315 Jul 2024258 Days
188 Kells Lane, Gateshead, Tyne And Wear, NE9 5JA£420,000£395,000-£25,00003 Apr 202411 Jul 202499 Days
5 Rotherfield Gardens, Gateshead, Tyne And Wear, NE9 7TL£250,000£250,000£0010 Apr 202410 Jul 202491 Days
1 St Helens Crescent, Gateshead, Tyne And Wear, NE9 6DH£392,000£392,000£0005 Jan 202421 Jun 2024168 Days
20 Ventnor Gardens, Gateshead, Tyne And Wear, NE9 6EA£279,995£272,000-£7,99524 Aug 202314 Jun 2024295 Days
18 Cowen Gardens, Gateshead, Tyne And Wear, NE9 7TY£169,950£160,000-£9,95031 Oct 202307 Jun 2024220 Days
64 Beacon Street, Gateshead, Tyne And Wear, NE9 5XN£130,000£118,560-£11,44031 Jan 202410 May 2024100 Days

Most Expensive Streets in NE9 (Gateshead)

PostcodeStreetAreaAverageNo. of Sales
NE9 6DECarlton Terrace, Low FellGateshead£615,0003
NE9 7TADurham RoadGateshead£486,2504
NE9 5DJValley Drive, Low FellGateshead£475,2003
NE9 5EZWhinney House, Durham RoadGateshead£474,3805
NE9 5ASHeathfield Place, Low FellGateshead£466,4199
NE9 6ADDeneside AvenueGateshead£457,0003
NE9 5DNWestover GardensGateshead£452,5003
NE9 5HTKells LaneGateshead£450,8333
NE9 5BELimetrees GardensGateshead£424,8254
NE9 5TAMusgrave RoadGateshead£420,3333

Least Expensive Streets in NE9 (Gateshead)

PostcodeStreetAreaAverageNo. of Sales
NE9 6LZStretford CourtGateshead£33,9163
NE9 7JFWillerby CourtGateshead£44,2494
NE9 5UGThe Fells, Salkeld RoadGateshead£55,8336
NE9 5JJRobinswood A.p.u., Engine LaneGateshead£64,2374
NE9 5JWSheriff Mount NorthGateshead£68,1254
NE9 6UPBodmin CourtGateshead£69,7506
NE9 5BXBowes Lyon Court, Dryden RoadGateshead£72,43010
NE9 5LBOld Durham RoadGateshead£74,7504
NE9 5BYDryden Court, Dryden RoadGateshead£76,19220
NE9 7DGHelmsley GreenGateshead£78,0205

Explore NE9 (Gateshead) using map

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