Newcastle Upon Tyne House Price Breakdown: Trends and Local Data
Behind every average sale price is a story with a postcode, and Newcastle Upon Tyne has a few it’s quietly telling. The figures are all here if you’re curious.
Everything’s laid out here on our House Prices in Newcastle Upon Tyne page – values, volume, and the bits that actually tell a story.
House Prices > Newcastle Upon Tyne
Newcastle Upon Tyne Housing Market: Year-on-Year Breakdown
Below is a clear year-on-year record of how house prices have moved in Newcastle Upon Tyne.
| Year | Average Price | Transactions |
|---|---|---|
| 2025 (proj.) | £229,700 | 6,542 |
| 2024 | £224,200 | 4,838 |
| 2023 | £230,400 | 6,351 |
| 2022 | £228,700 | 7,175 |
| 2021 | £219,900 | 8,266 |
| 2020 | £211,200 | 6,059 |
| 2019 | £199,100 | 6,468 |
| 2018 | £194,400 | 6,639 |
Year on Year Property Prices in Newcastle Upon Tyne: A Deep Dive
As we delve into the figures from 2018 onwards, the Newcastle Upon Tyne housing market moves in mysterious ways, reminiscent of the city's unpredictable weather. The average price of a property in the city has consistently seen modest growth, climbing from £194,400 in 2018 to £230,400 in 2023. It seems the upward journey is not just a trend, but part of Newcastle’s evolving urban landscape.
However, if you look closely, something intriguing emerges beneath the surface.
- Transaction variability: The number of transactions has taken a winding road. Starting at 6,639 in 2018, it declined continuously, hitting some lows, before a slight peek again projected for 2025.
- Market sentiment shifts: The fluctuations in transaction volumes may indicate changes in buyer sentiment or external economic pressures. The increase in transactions during 2021, for instance, could be influenced by factors beyond just local demand.
- Regional appeal: With various local regeneration projects, Newcastle is enhancing its appeal, although this comes with its challenges, such as affordability and access.
Thinking about buying in Newcastle Upon Tyne? You’ll find that while the city’s core market is steadily growing, affordability remains a hot topic. To better understand the challenges and what's driving property values, we recommend exploring our detailed article on What's Driving Property Values in Newcastle Upon Tyne?
So, what are the key takeaway points? The property market here is on the move, shaped by both external influences and internal dynamics. For those eyeing a slice of the Geordie dream, the city teases with its attractions, yet requires careful navigation of its market currents.
What Different Property Types Cost in Newcastle Upon Tyne
Detached
Avg. Property Price: 347,000
Avg. Size of Property
1,388 sq/ft
Avg. Cost Per Sq/ft
£258 sq/ft
Total transactions
2,029 (since 2021)
Semi-detached
Avg. Property Price: 209,200
Avg. Size of Property
991 sq/ft
Avg. Cost Per Sq/ft
£210 sq/ft
Total transactions
4,357 (since 2021)
Terraces
Avg. Property Price: 182,600
Avg. Size of Property
932 sq/ft
Avg. Cost Per Sq/ft
£195 sq/ft
Total transactions
7,417 (since 2021)
Apartments
Avg. Property Price: 124,200
Avg. Size of Property
693 sq/ft
Avg. Cost Per Sq/ft
£178 sq/ft
Total transactions
1,360 (since 2021)
Newcastle Upon Tyne's property market paints a fascinating picture of diverse options. Each property type presents its unique strengths, and **buyers** are presented with a varied palette of choices. Detached homes, at an average price of £346,500, appear to offer the most value in terms of space, which spans around 1,380 sq/ft. A relative bargain at £260 per sq/ft, these homes suggest a preference among buyers with **larger budgets and a penchant for spacious living**. With only 2,015 transactions since 2021, perhaps these homes are cherished, remaining within families for generations.
On the flip side, **flats** come in at a much more budget-conscious £124,200. These smaller spaces, averaging 690 sq/ft, translate to a snug £180 per sq/ft. While these might seem as quick as opening a new café on Chillingham Road in terms of availability, with 1,357 transactions, they still account for a smaller share of the market. This likely speaks to their appeal to **newcomers and downsizers looking for easy-to-manage homes**.
**Semi-detached homes**, nicely bridging the pricing and size gap, are tagged at £209,400. Covering around 990 sq/ft, these homes hold an average cost of £210 per sq/ft. A bustling 4,334 transactions suggests these homes are the backbone of the Newcastle real estate scene, reflecting their ability to blend **affordability with family-friendly spaces**.
Last but not least, terraced houses in Newcastle clock in at about £182,600, offering 930 sq/ft at about £190 per sq/ft. Their remarkable transaction volume of 7,384 sales paints a vivid picture of consistent turnover, favoured perhaps by **young professionals and small families**. Such a vibrant part of the market suggests terraced properties remain a steadfast choice for those who desire an urban must-have without the city’s flashiest prices.
So, what might be pushing these property values? Understanding these dynamics will help buyers make informed decisions amid Newcastle's ever-evolving housing market.
Key takeaway for buyers:
- For space and value, **detached homes** provide excellent options if budgeting allows.
- Those seeking affordability and manageable living should consider **flats or terraced homes** for an attractive balance.
Average Property Prices by Newcastle Upon Tyne Postcode Area
| District | Avg Price (£) | Transactions |
|---|---|---|
| NE1 | £166,100 | 1,258 |
| NE2 | £288,600 | 2,596 |
| NE3 | £253,900 | 6,031 |
| NE4 | £167,200 | 2,231 |
| NE5 | £166,300 | 5,574 |
| NE6 | £156,400 | 4,420 |
| NE7 | £219,900 | 1,740 |
| NE12 | £195,400 | 4,633 |
| NE13 | £254,400 | 5,288 |
| NE15 | £168,500 | 3,977 |
| NE16 | £202,700 | 3,004 |
| NE17 | £123,900 | 575 |
| NE18 | £376,400 | 85 |
| NE19 | £272,800 | 213 |
| NE20 | £432,000 | 1,932 |
| NE27 | £215,800 | 2,649 |
| NE98 | £330,000 | 4 |
Newcastle Upon Tyne offers a vibrant property landscape, with **prices** dramatically influenced by **location and district characteristics**. By 2030, the city could well see its market dynamics reshape the northern property narrative.
In this northern metropolitan haven, **Central Newcastle (NE1)** exhibits an *average property price* of around £166,100. It remains a lively hub but offers fewer ownership opportunities, as many properties cater to **short-term lets and student housing**.
Conversely, areas like **Jesmond and Gosforth (NE2 and NE3)** stand as picturesque choices for those seeking Victorian elegance mixed with modern amenities. These *prime locations* boast **average house prices** of £288,600 and £253,900 respectively—yet, they show great promise for long-term growth.
Over in **Longbenton and Killingworth (NE12)**, families find refuge with an average price hovering near £195,400. This district strikes a **fine balance between affordability and accessibility**, although transaction levels reflect a competitive market eager for family buyers.
Properties in suburban **NE13** are averaging at £254,400, revealing a demand that seems to grow faster than a Geordie embrace on match day. *The spirited blend* of city proximity and green space makes it an appealing choice for eco-conscious urban dwellers.
Meanwhile, rarified air graces **Ponteland (NE20)**, commanding an *impressive* average of £432,000. Though transactions are fewer, buyers here prioritize exclusivity and luxury—a game of chess rather than a real estate sprint. Those curious about where else in the city value could potentially rise might want to explore the drivers behind Newcastle's property values.
Key takeaway for buyers:
- Central budget buys:
- NE1 and NE5 – £166,100 to £166,300
- Premium zones:
- NE20 and NE18 – £432,000 and £376,400
- Family-friendly:
- NE12 and NE13 – £195,400 and £254,400
By understanding Newcastle's unique districts, buyers can align their choices with the right *lifestyle and investment needs*. From **bustling city streets** to tranquil suburban retreats, Newcastle’s real estate offers something for everyone.
Just to note, the numbers shared here focus on average sale price and transaction count alone.
They do not reflect property size differences or cost per square foot, so some local trends might be blurred. For a closer look, head over to our blog. Thank you kindly.
What Homes Cost in Newcastle Upon Tyne vs Towns Nearby
| City | Avg Price (£) | Transactions |
|---|---|---|
| Gateshead | £145,100 | 10,342 |
| Wallsend | £139,200 | 4,828 |
| Blaydon-On-Tyne | £160,700 | 1,959 |
| Hebburn | £161,100 | 2,549 |
| Cramlington | £174,900 | 3,625 |
| Ryton | £184,600 | 1,777 |
| Jarrow | £134,400 | 1,735 |
| Rowlands Gill | £205,500 | 620 |
| North Shields | £205,500 | 6,356 |
| Whitley Bay | £269,300 | 4,645 |
Newcastle Upon Tyne's property market is vibrant and offers a real mix for potential buyers. Depending on what you’re looking for, you’ll find a variety of choices across the neighbouring areas. Each place offers its unique charm and pricing.
For instance, **Gateshead** comes in as the more affordable area with an average property price of £145,100. Not far behind is **Wallsend**, which is known for its budget-friendly housing at £139,200. Both locations are appealing to first-time buyers who are looking for something wallet-friendly without straying too far from the city buzz.
**Blaydon-On-Tyne** and **Hebburn** hit the middle ground. With prices averaging £160,700 and £161,100 respectively, they strike a balance between affordability and access to the city. They appeal particularly well to families seeking a more suburban lifestyle.
And if exclusivity is what you're after, areas like **Rowlands Gill** and **Whitley Bay** are more on the premium end, both averaging around a £205,500 mark, with Whitley Bay soaring to £269,300. These areas tend to attract those after larger homes with close proximity to scenic views and amenities—ideal for those wanting a bit more space and serenity.
Key takeaway for buyers:
- Budget-friendly hotspots: Gateshead & Wallsend
- Balanced choice: Blaydon-On-Tyne & Hebburn
- Exclusive living: Rowlands Gill & Whitley Bay
So, what's the core message? If you’re buying in Newcastle Upon Tyne, you're blessed with options that cater to various needs and budgets. The housing market here is slowly simmering like a stew left on the hob, offering a blend of lively urban living and peaceful retreats. Whether you're a first-timer or looking for tranquillity, there’s a spot for you.
Kindly remember, these figures are based purely on average property prices and transaction activity.
Trends could appear less clear without adjusting for size or square foot price. For detailed comparisons, head to our blog.
Dig Into the Most Talked About Streets in Newcastle Upon Tyne
Planning to buy or invest in Newcastle Upon Tyne? Delve into our expert pieces for the best streets, market movements, and advice to clinch a solid deal.
Built on Facts, Not Assumptions
Instead of offering quick guesses, we produce carefully adapted numbers that hold up across postcode lines and property types.
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