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Washington House Prices

The average house price in Washington is £138,523 using HM Land Registry data.

The average property price increased by £3,700 (2.28%) over the last 5 years and increased by £740 (0.45%) over the last 12 months.

Over the last year, there were 455 residential property sales – a decrease of 146 transactions (-32.09%) relative to the previous year. The majority of house sales (155) were in the £110,000 - £160,000 range. Then came properties in the £60,000 - £110,000 range, where 91 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-3,252 (-2%).

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

5-Year Average Property Prices in Washington

2.28%

Property prices in Washington increased by 2.28% 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 Washington Over the Last Year

0.45%

Property prices in Washington increased by 0.45% 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 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 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 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 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 Washington since 1995

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

Recent Property Sales in Washington

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
16 Lydcott, Washington, Tyne And Wear, NE38 8TN	£380,000	£380,000	£00	24 Feb 2024	23 Aug 2024	181 Days
7 Mallard Close, Washington, Tyne And Wear, NE38 0ER	£225,000	£220,000	-£5,000	23 Apr 2024	22 Aug 2024	121 Days
61 Dilston Close, Washington, Tyne And Wear, NE38 0HE	£172,000	£170,000	-£2,000	08 Feb 2024	21 Aug 2024	195 Days
7 Monterey, Washington, Tyne And Wear, NE37 2RG	£175,000	£169,000	-£6,000	09 Mar 2024	21 Aug 2024	165 Days
42 Horsley Road, Washington, Tyne And Wear, NE38 8HF	£90,000	£86,500	-£3,500	24 Apr 2024	20 Aug 2024	118 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 Fountains Close, Washington, Tyne And Wear, NE38 7TA	£190,000	£185,000	-£5,000	28 Jun 2023	15 Aug 2024	414 Days
19 Ullswater Drive, Washington, Tyne And Wear, NE37 1UX	£195,000	£195,000	£00	26 Aug 2023	02 Aug 2024	342 Days
6 Fieldfare Close, Washington, Tyne And Wear, NE38 0DQ	£300,000	£290,000	-£10,000	01 Feb 2024	01 Aug 2024	182 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
37 Barmston Way, Washington, Tyne And Wear, NE38 8DN	£85,000	£83,000	-£2,000	26 Mar 2024	26 Jul 2024	122 Days
10 Warwick Drive, Washington, Tyne And Wear, NE37 2NG	£170,000	£163,000	-£7,000	06 Feb 2024	26 Jul 2024	171 Days
230 Horsley Road, Washington, Tyne And Wear, NE38 8HW	£110,000	£105,000	-£5,000	07 May 2024	24 Jul 2024	78 Days
5 Pikestone Close, Washington, Tyne And Wear, NE38 0QE	£240,000	£238,000	-£2,000	07 Feb 2024	22 Jul 2024	166 Days
21 Titchfield Road, Washington, Tyne And Wear, NE38 7JT	£135,000	£135,000	£00	03 Apr 2024	12 Jul 2024	100 Days
60 Cleveland Drive, Washington, Tyne And Wear, NE38 0PP	£87,500	£87,500	£00	13 Feb 2024	28 Jun 2024	136 Days
31 Essex Drive, Washington, Tyne And Wear, NE37 2ND	£180,000	£177,500	-£2,500	07 Feb 2024	28 Jun 2024	142 Days
17 Thornbridge, Washington, Tyne And Wear, NE38 8TH	£185,000	£175,000	-£10,000	05 Feb 2024	27 Jun 2024	143 Days
19 Otterington, Washington, Tyne And Wear, NE38 8TE	£175,000	£170,000	-£5,000	14 Mar 2024	21 Jun 2024	99 Days

Most Expensive Streets in Washington

Postcode	Street	Area	Average	No. of Sales
NE38 9DB	Bramhall Drive	Washington	£633,750	4
NE38 9DE	Bramhall Drive	Washington	£599,857	7
NE37 1PD	Loch Lomond	Washington	£538,200	5
NE38 8BJ	Duxbury Park	Washington	£508,500	4
NE38 7NW	Whitby Drive	Washington	£470,500	5
NE38 8BP	Fatfield Park	Washington	£448,966	15
NE37 1SE	Gullane	Washington	£442,519	3
NE37 1PX	Wentworth Drive	Washington	£436,000	7
NE38 8FD	Dovestone Close	Washington	£430,875	4
NE38 8AH	South View	Washington	£424,050	5

Least Expensive Streets in 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