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 Newcastle upon Tyne

Newcastle upon Tyne House Prices Newcastle upon Tyne House Prices

The average house price in Newcastle upon Tyne is £251,133 using HM Land Registry data.

The average property price increased by £38,528 (18.4%) over the last 5 years and increased by £7,720 (3.21%) over the last 12 months.

Over the last year, there were 2,336 residential property sales – a decrease of 884 transactions (-37.84%) relative to the previous year. The majority of house sales (663) were in the £90,000 - £156,000 range. Then came properties in the £156,000 - £222,000 range, where 593 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 110 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,069 (-2%).

In Dec 24, there were 275 new estate agency instructions, 206 agreed home sales and 77 property price reductions.

Neighbouring Areas: Longbenton, Wallsend, Hebburn, Blaydon, Gateshead

Postcodes Covered: NE1, NE12, NE13, NE15, NE2, NE28, NE3, NE4, NE5, NE6, NE7

5-Year Average Property Prices in Newcastle upon Tyne

18.4%

Property prices in Newcastle upon Tyne increased by 18.4% 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 Newcastle upon Tyne Over the Last Year

3.21%

Property prices in Newcastle upon Tyne increased by 3.21% 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 Newcastle upon Tyne - 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 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 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 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 Newcastle upon Tyne since 1995

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

Recent Property Sales in Newcastle upon Tyne

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
68 Hollywood Avenue, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 5BQ£375,000£200,000-£175,00026 May 202326 Nov 2024550 Days
16 Apperley, Newcastle Upon Tyne, Tyne And Wear, NE5 2JX£125,000£125,000£0024 Apr 202420 Nov 2024210 Days
8 Kenton Lane, Newcastle Upon Tyne, Tyne And Wear, NE3 3BR£175,000£172,500-£2,50020 Apr 202419 Nov 2024213 Days
11 Tredegar Close, Newcastle Upon Tyne, Tyne And Wear, NE5 4TF£135,000£135,000£0025 Jul 202419 Nov 2024117 Days
23 Hazelmere Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 5QL£520,000£520,000£0015 Mar 202418 Nov 2024248 Days
27 William Street, Newcastle Upon Tyne, Tyne And Wear, NE3 1SA£250,000£250,000£0009 Jul 202415 Nov 2024129 Days
21 Newlands Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 5PU£450,000£435,000-£15,00026 Mar 202415 Nov 2024234 Days
13a, Highbury, Newcastle Upon Tyne, Tyne And Wear, NE2 3DX£500,000£495,000-£5,00012 Sep 202414 Nov 202463 Days
18 Hollywood Avenue, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 5BP£300,000£285,000-£15,00019 Jul 202412 Nov 2024116 Days
10 Chipchase Mews, Gosforth, Newcastle Upon Tyne, Tyne And Wear, NE3 5RH£265,000£257,000-£8,00019 Aug 202412 Nov 202485 Days
52 Church Walk, Newcastle Upon Tyne, Tyne And Wear, NE6 3HU£125,000£125,000£0015 Jun 202412 Nov 2024150 Days
1 Overdene, Newcastle Upon Tyne, Tyne And Wear, NE15 7TS£160,000£160,000£0011 Jun 202408 Nov 2024150 Days
10 Belle Grove Terrace, Newcastle Upon Tyne, Tyne And Wear, NE2 4LL£750,000£690,000-£60,00019 Jun 202408 Nov 2024142 Days
10 Thropton Avenue, Newcastle Upon Tyne, Tyne And Wear, NE7 7NR£190,000£185,000-£5,00010 May 202408 Nov 2024182 Days
42 Montagu Avenue, Newcastle Upon Tyne, Tyne And Wear, NE3 4JN£425,000£425,000£0001 Aug 202405 Nov 202496 Days
3 Barrasford Close, Newcastle Upon Tyne, Tyne And Wear, NE3 4RG£650,000£650,000£0005 Apr 202405 Nov 2024214 Days
1 Houndelee Place, Newcastle Upon Tyne, Tyne And Wear, NE5 3JU£150,000£150,000£0011 Jul 202405 Nov 2024117 Days
29 Western Drive, Newcastle Upon Tyne, Tyne And Wear, NE4 8SQ£124,000£122,000-£2,00004 Sep 202404 Nov 202461 Days
13 The Gables, Kenton Bank Foot, Newcastle Upon Tyne, Tyne And Wear, NE13 8AQ£350,000£337,000-£13,00006 Feb 202404 Nov 2024272 Days
14 Hillhead Road, Newcastle Upon Tyne, Tyne And Wear, NE5 5AP£195,000£195,000£0026 Jun 202401 Nov 2024128 Days

Most Expensive Streets in Newcastle upon Tyne

PostcodeStreetAreaAverageNo. of Sales
NE3 4BHGraham Park RoadNewcastle Upon Tyne£1,781,5004
NE7 7BUJesmond Park WestNewcastle Upon Tyne£1,541,6663
NE3 4JHMontagu AvenueNewcastle Upon Tyne£1,535,0004
NE2 2HELindisfarne RoadNewcastle Upon Tyne£1,271,7377
NE3 4BDElmfield RoadGosforth£1,269,5006
NE3 4EAFurzefield RoadNewcastle Upon Tyne£1,235,0833
NE3 4AQMoor CrescentNewcastle Upon Tyne£1,153,3336
NE3 4DSNorth AvenueGosforth£1,144,8333
NE2 1JUOsborne VillasNewcastle Upon Tyne£1,142,5004
NE2 3JYMitchell AvenueNewcastle Upon Tyne£1,098,4068

Least Expensive Streets in Newcastle upon Tyne

PostcodeStreetAreaAverageNo. of Sales
NE6 2JDCanterbury StreetNewcastle Upon Tyne£42,0333
NE3 2BUBroomley CourtNewcastle Upon Tyne£43,0003
NE5 2JNDenton CourtSilver Lonnen£43,2504
NE3 1SLBowes CourtNewcastle Upon Tyne£44,5163
NE6 3NPKingsmere GardensNewcastle Upon Tyne£44,88413
NE6 2SEBenson RoadNewcastle Upon Tyne£45,0754
NE5 3YFSt Keverne SquareNewcastle Upon Tyne£46,6663
NE5 3XZSt Just PlaceKenton£47,1905
NE3 2JYWitton CourtNewcastle Upon Tyne£47,6663
NE4 8EBAxbridge GardensNewcastle Upon Tyne£49,6663

Explore Newcastle upon Tyne and Neighbouring Area House Prices

Sell Your
House Fast
Property Auctions Newcastle Upon Tyne
Property Auctions Newcastle Upon Tyne
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