Housing Market Analysis for CLOSE, NE1 3RF

Are you looking to understand NE1 3RF house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Newcastle upon Tyne postcode.

For the location information and nearby amenities in the NE1 3RF area, explore the NE1 3RF Area information page.
For comprehensive crime statistics in the NE1 3RF area, explore the NE1 3RF Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE1 3RF postcode area, The average prices are as follows,

Flat
- The average price is around £167,555 median price is £164,950 Standard Deviation is £46,705 with Total Sold: 65
- The Last 5 Year average price is £200,000 with Total Sold: 2
- The most recent sale happened at this postcode is APARTMENT 40, MERCHANTS QUAY, 46 - 54 CLOSE: £215,000 (Sold on 14 Oct 2022)
- The first recorded sale happened at this postcode is APARTMENT 10, MERCHANTS QUAY, 46 - 54 CLOSE: £160,000 (Sold on 31 Oct 2005)
Other
- The average price is around £218,000 median price is £218,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 104 CLOSE: £218,000 (Sold on 06 Jul 2017)
- The first recorded sale happened at this postcode is 104 CLOSE: £218,000 (Sold on 06 Jul 2017)
Terraced
- The average price is around £100,000 median price is £100,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 68 - 72 CLOSE: £100,000 (Sold on 16 Oct 2003)
- The first recorded sale happened at this postcode is 68 - 72 CLOSE: £100,000 (Sold on 16 Oct 2003)

Sold Price Trend Over the Years:

Below table and chart gives the average NE1 3RF house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£215,000	£4,110	1
2019	£185,000	£2,844	1
2018	£166,000	£2,594	1
2017	£190,000	£4,222	1
2016	£234,000	£3,427	2
2015	£155,817	£2,609	3
2014	£140,667	£2,638	3
2011	£168,000	£2,897	1
2010	£150,000	£2,419	1
2007	£160,317	£2,894	3
2006	£195,625	£3,788	4
2005	£163,550	£3,012	44

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2017	£218,000		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2003	£100,000		1

All the Sales in the CLOSE, NE1 3RF

See the table below for more details on the sold house prices in the NE1 3RF, Newcastle upon Tyne postcode.

Address	Sold Date	Price	% Change
APARTMENT 40, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 52.31 Sq.mtrAge: 2003-2006	14 Oct 2022	£215,000	95.45%
	31 Oct 2005	£110,000	First Sale
APARTMENT 33, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 65.05 Sq.mtrAge: 2003-2006	06 Sep 2019	£185,000	-31.48%
	16 Dec 2005	£270,000	2.86%
	31 Oct 2005	£262,500	First Sale
APARTMENT 14, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 64 Sq.mtrAge: 2003-2006	13 Nov 2018	£166,000	0.64%
	23 Dec 2015	£164,950	-5.74%
	02 Nov 2007	£175,000	-7.87%
	03 Nov 2005	£189,950	First Sale
104 CLOSEOther, Leasehold	06 Jul 2017	£218,000	First Sale
APARTMENT 43, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 45 Sq.mtrAge: 2003-2006	31 Mar 2017	£190,000	15.15%
	03 Nov 2005	£165,000	First Sale
APARTMENT 41, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 68.29 Sq.mtrAge: 2003-2006	19 Aug 2016	£230,000	-3.36%
	12 Feb 2016	£238,000	-4.80%
	23 Dec 2005	£250,000	First Sale
APARTMENT 12, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 67.67 Sq.mtrAge: 2003-2006	10 Jul 2015	£182,500	-34.81%
	31 Oct 2005	£279,950	First Sale
APARTMENT 16, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 47 Sq.mtrAge: 2003-2006	05 Jun 2015	£120,000	0.42%
	31 Oct 2005	£119,500	First Sale
APARTMENT 42, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 53 Sq.mtrAge: 2003-2006	19 Dec 2014	£147,500	28.26%
	31 Oct 2005	£115,000	First Sale
APARTMENT 24, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 59 Sq.mtrAge: 2003-2006	17 Nov 2014	£152,500	-35.11%
	12 May 2006	£235,000	22.40%
	01 Nov 2005	£192,000	First Sale
APARTMENT 20, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 47.9 Sq.mtrAge: 2003-2006	01 Aug 2014	£122,000	-18.64%
	19 Jul 2007	£149,950	11.07%
	02 Nov 2005	£135,000	First Sale
APARTMENT 6, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 58 Sq.mtrAge: 2003-2006	08 Nov 2011	£168,000	-1.15%
	17 Nov 2005	£169,950	First Sale
APARTMENT 13, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 62 Sq.mtrAge: 2003-2006	15 Sep 2010	£150,000	-20.00%
	11 Nov 2005	£187,500	First Sale
APARTMENT 8, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 55.4 Sq.mtrAge: 2003-2006	28 Sep 2007	£156,000	4.00%
	02 Nov 2005	£150,000	First Sale
APARTMENT 37, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 39 Sq.mtrAge: 2003-2006	27 Oct 2006	£147,500	73.53%
	31 Oct 2005	£85,000	First Sale
APARTMENT 32, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 48 Sq.mtrAge: 2003-2006	09 Jun 2006	£165,000	10.00%
	31 Oct 2005	£150,000	First Sale
APARTMENT 25, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 59.49 Sq.mtrAge: 1991-1995	09 Feb 2006	£235,000	20.51%
	01 Nov 2005	£195,000	First Sale
APARTMENT 31, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 44 Sq.mtrAge: 2003-2006	23 Nov 2005	£142,000	First Sale
APARTMENT 11, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 94 Sq.mtrAge: 2003-2006	17 Nov 2005	£210,000	First Sale
APARTMENT 7, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 44 Sq.mtrAge: 2003-2006	10 Nov 2005	£115,000	First Sale
APARTMENT 28, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 35 Sq.mtrAge: 2003-2006	08 Nov 2005	£120,000	First Sale
APARTMENT 26, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 64 Sq.mtrAge: 2003-2006	08 Nov 2005	£198,000	First Sale
APARTMENT 3, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 44 Sq.mtrAge: 2003-2006	03 Nov 2005	£112,000	First Sale
APARTMENT 5, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 64 Sq.mtrAge: 2003-2006	03 Nov 2005	£169,950	First Sale
APARTMENT 4, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 42 Sq.mtrAge: 2003-2006	03 Nov 2005	£99,950	First Sale
APARTMENT 9, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 55.84 Sq.mtrAge: 2003-2006	02 Nov 2005	£150,000	First Sale
APARTMENT 1, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 63.84 Sq.mtrAge: 2003-2006	02 Nov 2005	£165,950	First Sale
APARTMENT 30, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 37 Sq.mtrAge: 2003-2006	01 Nov 2005	£120,000	First Sale
APARTMENT 19, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 37.46 Sq.mtrAge: 2003-2006	01 Nov 2005	£115,000	First Sale
APARTMENT 39, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 48 Sq.mtrAge: 2003-2006	31 Oct 2005	£155,000	First Sale
APARTMENT 38, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 49.16 Sq.mtrAge: 2003-2006	31 Oct 2005	£145,000	First Sale
APARTMENT 35, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 64 Sq.mtrAge: 2003-2006	31 Oct 2005	£215,000	First Sale
APARTMENT 34, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 59 Sq.mtrAge: 2003-2006	31 Oct 2005	£212,000	First Sale
APARTMENT 21, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 37 Sq.mtrAge: 2003-2006	31 Oct 2005	£105,000	First Sale
APARTMENT 2, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 42 Sq.mtrAge: 2003-2006	31 Oct 2005	£100,000	First Sale
APARTMENT 29, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 37 Sq.mtrAge: 2003-2006	31 Oct 2005	£120,000	First Sale
APARTMENT 36, MERCHANTS QUAY, 46 - 54 CLOSEFlat, Leasehold	31 Oct 2005	£225,000	First Sale
APARTMENT 18, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 35 Sq.mtrAge: 2003-2006	31 Oct 2005	£110,000	First Sale
APARTMENT 17, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 36.86 Sq.mtrAge: 2003-2006	31 Oct 2005	£115,000	First Sale
APARTMENT 15, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 65 Sq.mtrAge: 2003-2006	31 Oct 2005	£210,000	First Sale
APARTMENT 27, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 47 Sq.mtrAge: 2003-2006	31 Oct 2005	£130,000	First Sale
APARTMENT 23, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 65.12 Sq.mtrAge: 2003-2006	31 Oct 2005	£225,000	First Sale
APARTMENT 22, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 71.09 Sq.mtrAge: 2003-2006	31 Oct 2005	£225,000	First Sale
APARTMENT 10, MERCHANTS QUAY, 46 - 54 CLOSEFlat, LeaseholdArea: 63.96 Sq.mtrAge: 2003-2006	31 Oct 2005	£160,000	First Sale
68 - 72 CLOSETerraced, Freehold	16 Oct 2003	£100,000	First Sale

Check out the sold house prices near the NE1 3RF postcode. Properties currently for saleProperties currently for rent

CLOSE, NE1 3RF Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE1 3RF postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the NE1 3RF postcode.

Flat
- The average price is around £153,395 median price is £145,000 Standard Deviation is £55,807 with Total Sold: 3,425
- The Last 5 Year average price is £151,123 with Total Sold: 546
- The most recent sale happened at this postcode is 48, MANOR CHARE APARTMENTS MANOR CHARE: £181,000 (Sold on 10 Sep 2024)
- The first recorded sale happened at this postcode is 5, CLARENDON HOUSE CLAYTON STREET WEST: £42,000 (Sold on 13 Jan 1995)
Detached
- The average price is around £369,094 median price is £166,250 Standard Deviation is £737,334 with Total Sold: 16
- The Last 5 Year average price is £1,216,667 with Total Sold: 3
- The most recent sale happened at this postcode is , 54 - 56 PILGRIM STREET: £150,000 (Sold on 09 Sep 2024)
- The first recorded sale happened at this postcode is FLAT 3, 27A SANDHILL: £47,000 (Sold on 14 Jul 1995)
Other
- The average price is around £887,411 median price is £106,326 Standard Deviation is £2,167,299 with Total Sold: 412
- The Last 5 Year average price is £1,793,670 with Total Sold: 73
- The most recent sale happened at this postcode is May-15, 55 DEGREES NORTH PILGRIM STREET: £168,000 (Sold on 12 Apr 2024)
- The first recorded sale happened at this postcode is 2ND FLOOR, KELBURN HOUSE, 7 - 19 MOSLEY STREET: £52,000 (Sold on 05 Nov 2013)
Terraced
- The average price is around £207,686 median price is £127,500 Standard Deviation is £179,207 with Total Sold: 42
- The Last 5 Year average price is £179,500 with Total Sold: 2
- The most recent sale happened at this postcode is , 23E QUEEN STREET: £89,000 (Sold on 18 Aug 2023)
- The first recorded sale happened at this postcode is , 35 GROAT MARKET: £160,000 (Sold on 08 Feb 1995)
Semi-Detached
- The average price is around £285,536 median price is £147,750 Standard Deviation is £252,199 with Total Sold: 14
- The most recent sale happened at this postcode is , 69 CLAYTON STREET: £500,000 (Sold on 09 Jan 2009)
- The first recorded sale happened at this postcode is , 3B QUEEN STREET: £46,500 (Sold on 19 Jan 1996)

Sold Price Trend Over the Years:

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£151,007	£2,469	52
2023	£150,158	£2,318	99
2022	£151,670	£2,317	102
2021	£154,069	£2,289	96
2020	£159,584	£2,302	77
2019	£143,718	£2,196	120
2018	£146,875	£2,262	145
2017	£160,119	£2,358	110
2016	£142,742	£2,368	174
2015	£137,692	£2,255	121
2014	£142,944	£2,156	156
2013	£119,358	£2,054	52
2012	£133,420	£2,077	79
2011	£130,601	£2,050	92
2010	£145,952	£2,086	75
2009	£178,920	£2,352	93
2008	£178,666	£2,917	208
2007	£157,170	£2,622	246
2006	£169,641	£2,675	244
2005	£160,269	£2,733	378
2004	£174,264	£2,728	231
2003	£162,736	£2,316	249
2002	£170,364	£2,553	74
2001	£103,988	£1,420	28
2000	£101,398	£1,198	25
1999	£108,268	£1,346	27
1998	£84,139	£1,012	18
1997	£53,723	£806	22
1996	£48,567	£666	21
1995	£48,932	£681	11

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£150,000		1
2023	£300,000		1
2021	£3,200,000		1
2011	£244,000		1
2010	£375,000		1
2008	£167,500		1
2007	£162,500	£1,967	2
2006	£45,000		2
2004	£160,000	£1,905	1
2003	£178,000	£2,507	1
2001	£259,000		1
1999	£85,000	£1,197	1
1996	£325,000		1
1995	£47,000	£797	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£2,152,799		6
2023	£1,074,250		4
2022	£2,016,689	£2,344	15
2021	£2,632,656	£3,216	9
2020	£1,394,920	£3,364	19
2019	£1,663,820		20
2018	£2,739,743	£60,581	28
2017	£2,028,233		22
2016	£207,667	£37,628	257
2015	£2,464,377		21
2014	£890,431	£26,871	8
2013	£365,333		3

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£89,000	£1,085	1
2020	£270,000	£2,443	1
2018	£286,000		2
2016	£390,500	£2,062	2
2011	£148,250	£1,608	2
2009	£112,500	£2,174	2
2008	£90,000	£2,045	1
2006	£238,000		1
2005	£445,000		1
2004	£167,000		2
2003	£251,188	£1,585	8
2002	£352,500	£1,441	2
2000	£545,000		1
1999	£231,200	£924	5
1998	£109,690	£798	5
1997	£29,350	£667	1
1996	£63,667	£263	3
1995	£99,000	£463	2

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2009	£500,000		1
2007	£145,500	£1,966	1
2006	£152,667	£2,518	3
2004	£135,000	£1,924	2
2003	£111,500	£1,945	2
2000	£249,500		1
1998	£701,667		3
1996	£46,500	£989	1

House Type in NE1 3RF area

The most common house types in the NE1 3RF postcode area are Flat (130), converted building (3), and Detached (1).

Total	136
Flat	130
converted building	3
Detached	1
Terraced	1
commercial building	1
Semi-detached	0
Shared house	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (99), and Owned: Owns with a mortgage or loan (18).

Private rented: Private landlord or letting agency	99
Owned: Owns with a mortgage or loan	18
Owned: Owns outright	7
Private rented: Other private rented	6
Social rented: Other social rented	4
Social rented: Rents from council or Local Authority	2
Shared ownership: Shared ownership	1
Does not apply	0
Lives rent free	0

Number of People in a Household

The most houses in the NE1 3RF have 1 person in household (70), and 2 people in household (60).

1 person in household	70
2 people in household	60
3 people in household	5
4 people in household	2
0 people in household	0
5 people in household	0
6 people in household	0
7 people in household	0
8 or more people in household	0