Newcastle upon Tyne property prices

The average property price in Newcastle upon Tyne postcode area is £195k. The average price increased by £14.5k (8%) over the last twelve months. The price of an established property is £192k. The price of a newly built property is £252k. There were 13.9k property sales and sales dropped by 12.2% (-2.1k transactions). Most properties were sold in the £100k-£150k price range with 3337 (24.0%) properties sold, followed by £50k-£100k price range with 2791 (20.1%) properties sold.

July 2020 - June 2021

Newcastle upon Tyne postcode area

England and Wales

£195k

average property price

£337k

average property price

8%

average price percentage change

12%

average price percentage change

£14.5k

average price change

£35.6k

average price change

Newcastle upon Tyne house prices map

This price map shows the average property price in a given postcode sector between July 2020 - June 2021. The most affordable place was 'NE24 1' with the average price of £56.2k. The most expensive place was 'NE47 0', £608k.

Newcastle upon Tyne house prices map

Newcastle upon Tyne house prices compared to other areas

Comparison of the average property price and an average price percentage change by postcode area. Price % change compares the average property price between July 2020 - June 2021 to the average price in the previous 12 months. The size of the circle shows the number of property transactions. The bigger the circle the higher the sales volumes in postcode area.

Newcastle upon Tyne house prices compared to other areasAverage price percentage change
Average property price

Newcastle upon Tyne house price rank

With the average price of £195k, Newcastle upon Tyne is the 21. cheapest postcode area out of 105 England and Wales' postcode areas.

Newcastle upon Tyne house price rank

Newcastle upon Tyne property sales share by price range

shows a number of properties sold in a given price range between July 2020 - June 2021.

Newcastle upon Tyne property sales share by price range
Property price rangeMarket shareSales volumes
under £50k3.4%474
£50k-£100k20.1%2.8k
£100k-£150k24.0%3.3k
£150k-£200k18.2%2.5k
£200k-£250k11.3%1.6k
£250k-£300k7.9%1.1k
£300k-£400k8.3%1.2k
£400k-£500k3.6%501
£500k-£750k2.4%330
£750k-£1M0.6%85
over £1M0.2%33

Newcastle upon Tyne cost comparison of new homes and older homes

July 2020 - June 2021

Newcastle upon Tyne cost comparison of new homes and older homes

£252k

A newly built property

£192k

An established property

Newcastle upon Tyne cost comparison of houses and flats

July 2020 - June 2021

Newcastle upon Tyne cost comparison of houses and flats

£336k

Detached

£112k

Flat

£186k

Semi-Detached

£161k

Terraced

Newcastle upon Tyne real house prices

Yearly average nominal house prices adjusted for inflation.

Newcastle upon Tyne real house prices

Newcastle upon Tyne house prices compared to England & Wales' house prices

Yearly average nominal prices

Newcastle upon Tyne house prices

Newcastle upon Tyne house prices per square meter

Yearly average nominal prices per square meter.

Average price per square meter

Newcastle upon Tyne house prices and nearby areas

Yearly average nominal prices

Newcastle upon Tyne house prices and nearby areas

Newcastle upon Tyne house prices new vs established

Yearly average nominal prices. Graphs shows a difference between house prices of newly built properties and house prices of established residential properties.

Newcastle upon Tyne house prices new vs established

Newcastle upon Tyne house prices by property type

Yearly average nominal prices

Newcastle upon Tyne house prices by property type

Newcastle upon Tyne house price to earnings ratio

The median property price to median earnings ratio is ranging between 5.2 in South Tyneside and 6.2 in Northumberland. Ie. South Tyneside resident with middle-income needs 5.2 gross annual salaries to buy a medium-priced property. Resident in Northumberland needs 6.2 annual salaries. The England and Wales ratio was 7.7 in 2019.
Newcastle upon Tyne house price to earnings ratio history

Local authorityMedian house price to median salary ratio in 2019
South Tyneside5.2
Gateshead5.3
Newcastle upon Tyne5.9
North Tyneside5.9
Northumberland6.2
England and Wales7.7

Other reports for Newcastle upon Tyne postcode area

new home prices

property transactions

salary and unemployment

home features

energy costs

home energy certificates

population statistics

crime statistics

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