Housing Market Analysis for FARNHAM CLOSE, NE15 8RG

Are you looking to understand NE15 8RG 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 NE15 8RG area, explore the NE15 8RG Area information page.
For comprehensive crime statistics in the NE15 8RG area, explore the NE15 8RG Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE15 8RG postcode area, The average prices are as follows,

Terraced
- The average price is around £73,600 median price is £72,000 Standard Deviation is £19,461 with Total Sold: 9
- The Last 5 Year average price is £87,133 with Total Sold: 3
- The most recent sale happened at this postcode is 6 FARNHAM CLOSE: £100,000 (Sold on 10 Feb 2023)
- The first recorded sale happened at this postcode is 16 FARNHAM CLOSE: £42,000 (Sold on 25 Aug 1998)
Flat
- The average price is around £59,162 median price is £64,500 Standard Deviation is £27,067 with Total Sold: 12
- The Last 5 Year average price is £54,500 with Total Sold: 2
- The most recent sale happened at this postcode is 13 FARNHAM CLOSE: £66,000 (Sold on 29 Jul 2022)
- The first recorded sale happened at this postcode is 7 FARNHAM CLOSE: £15,500 (Sold on 01 Jun 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average NE15 8RG 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: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£100,000	£1,389	1
2021	£80,700	£1,121	2
2018	£62,500	£794	2
2015	£71,000	£934	2
2006	£92,000	£1,296	1
1998	£42,000	£583	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£66,000	£1,031	1
2021	£43,000	£705	1
2007	£90,000	£1,504	2
2006	£84,475	£1,592	2
2005	£80,000	£1,250	1
2004	£63,000	£1,033	1
2003	£45,000	£812	1
2002	£33,000	£643	1
2001	£15,500	£302	1
1995	£15,500	£271	1

All the Sales in the FARNHAM CLOSE, NE15 8RG

See the table below for more details on the sold house prices in the NE15 8RG, Newcastle upon Tyne postcode.

Address	Sold Date	Price	% Change
6 FARNHAM CLOSETerraced, FreeholdArea: 72 Sq.mtrAge: 1967-1975	10 Feb 2023	£100,000	First Sale
13 FARNHAM CLOSEFlat, LeaseholdArea: 64 Sq.mtrAge: 1950-1966	29 Jul 2022	£66,000	-28.26%
	09 Feb 2007	£92,000	15.00%
	23 May 2005	£80,000	First Sale
15 FARNHAM CLOSEFlat, LeaseholdArea: 61 Sq.mtrAge: 1967-1975	17 Nov 2021	£43,000	-31.75%
	16 Apr 2004	£63,000	First Sale
16 FARNHAM CLOSETerraced, FreeholdArea: 72 Sq.mtrAge: 1967-1975	14 Jun 2021	£99,400	136.67%
	25 Aug 1998	£42,000	First Sale
4 FARNHAM CLOSETerraced, FreeholdArea: 72 Sq.mtrAge: 1967-1975	11 Feb 2021	£62,000	24.00%
	20 Jul 2018	£50,000	First Sale
12 FARNHAM CLOSETerraced, FreeholdArea: 84 Sq.mtrAge: 1967-1975	19 Dec 2018	£75,000	First Sale
10 FARNHAM CLOSETerraced, FreeholdArea: 76 Sq.mtrAge: 1967-1975	27 Nov 2015	£72,000	2.86%
	23 Sep 2015	£70,000	First Sale
3 FARNHAM CLOSEFlat, LeaseholdArea: 56 Sq.mtrAge: 1967-1975	21 Mar 2007	£88,000	First Sale
9 FARNHAM CLOSEFlat, LeaseholdArea: 51.3 Sq.mtrAge: 1950-1966	15 Dec 2006	£93,000	181.82%
	29 Jul 2002	£33,000	112.90%
	09 Mar 2001	£15,500	First Sale
2 FARNHAM CLOSETerraced, FreeholdArea: 71 Sq.mtrAge: 1950-1966	23 Jun 2006	£92,000	First Sale
1 FARNHAM CLOSEFlat, LeaseholdArea: 55.39 Sq.mtrAge: 1967-1975	09 Feb 2006	£75,950	68.78%
	12 Dec 2003	£45,000	First Sale
7 FARNHAM CLOSEFlat, LeaseholdArea: 57.2 Sq.mtrAge: 1967-1975	01 Jun 1995	£15,500	First Sale

Check out the sold house prices near the NE15 8RG postcode. Properties currently for saleProperties currently for rent

FARNHAM CLOSE, NE15 8RG Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE15 8RG 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 NE15 8RG postcode.

Terraced
- The average price is around £69,297 median price is £68,000 Standard Deviation is £37,720 with Total Sold: 1,218
- The Last 5 Year average price is £95,254 with Total Sold: 182
- The most recent sale happened at this postcode is , 28 MONTAGUE STREET: £90,000 (Sold on 23 Aug 2024)
- The first recorded sale happened at this postcode is , 14 MOORCROFT CLOSE: £33,000 (Sold on 03 Feb 1995)
Semi-Detached
- The average price is around £99,761 median price is £94,250 Standard Deviation is £51,531 with Total Sold: 278
- The Last 5 Year average price is £145,624 with Total Sold: 56
- The most recent sale happened at this postcode is , 4 OTTERCAP CLOSE: £184,000 (Sold on 22 Jul 2024)
- The first recorded sale happened at this postcode is , 1 MOORCROFT ROAD: £52,500 (Sold on 31 Jan 1995)
Detached
- The average price is around £154,234 median price is £150,000 Standard Deviation is £70,203 with Total Sold: 128
- The Last 5 Year average price is £199,623 with Total Sold: 26
- The most recent sale happened at this postcode is , SYCAMORES SUGLEY DRIVE: £515,000 (Sold on 15 Jul 2024)
- The first recorded sale happened at this postcode is , 38 OTTERSHAW: £109,000 (Sold on 31 Mar 1995)
Flat
- The average price is around £68,586 median price is £55,000 Standard Deviation is £56,330 with Total Sold: 178
- The Last 5 Year average price is £87,461 with Total Sold: 31
- The most recent sale happened at this postcode is , 27 OTTRINGHAM CLOSE: £75,000 (Sold on 12 Apr 2024)
- The first recorded sale happened at this postcode is , 10 DENWICK AVENUE: £19,500 (Sold on 18 May 1995)
Other
- The average price is around £1,027,007 median price is £55,000 Standard Deviation is £2,568,215 with Total Sold: 33
- The Last 5 Year average price is £1,401,998 with Total Sold: 19
- The most recent sale happened at this postcode is , 10 FRONT STREET: £201,000 (Sold on 20 Dec 2023)
- The first recorded sale happened at this postcode is , 2 TYNE VIEW: £31,000 (Sold on 18 Dec 2013)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£95,100	£1,205	14
2023	£92,776	£1,219	36
2022	£107,771	£1,325	24
2021	£93,322	£1,288	48
2020	£90,452	£1,142	31
2019	£96,379	£1,308	29
2018	£77,648	£970	25
2017	£94,025	£1,102	39
2016	£83,046	£1,040	29
2015	£79,786	£940	40
2014	£85,663	£1,109	47
2013	£77,430	£1,013	23
2012	£76,222	£1,028	23
2011	£73,351	£876	15
2010	£89,357	£1,130	28
2009	£80,714	£1,098	18
2008	£92,845	£1,355	41
2007	£92,054	£1,333	72
2006	£93,859	£1,340	53
2005	£93,543	£1,320	59
2004	£77,604	£1,036	76
2003	£55,057	£721	70
2002	£38,561	£507	71
2001	£36,120	£529	51
2000	£35,524	£540	54
1999	£29,676	£363	38
1998	£27,088	£375	37
1997	£26,998	£359	41
1996	£33,339	£484	41
1995	£32,505	£537	45

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£194,500	£2,225	2
2023	£133,925	£1,803	8
2022	£149,265	£1,854	13
2021	£142,103	£1,593	16
2020	£148,222	£1,592	9
2019	£143,306	£1,811	8
2018	£129,000	£1,455	8
2017	£130,857	£1,461	7
2016	£114,200	£1,143	5
2015	£101,283	£1,404	6
2014	£113,115	£1,549	13
2013	£119,806	£1,348	8
2012	£82,500	£953	3
2011	£81,475	£877	2
2010	£117,158	£1,440	6
2009	£60,000	£2,326	1
2008	£113,925	£1,214	16
2007	£112,723	£1,443	11
2006	£118,042	£1,581	12
2005	£102,929	£1,386	14
2004	£114,482	£1,366	17
2003	£93,446	£1,223	12
2002	£59,275	£1,003	11
2001	£44,989	£653	9
2000	£50,559	£702	8
1999	£37,200	£602	10
1998	£50,141	£692	17
1997	£41,175	£323	8
1996	£50,233	£580	6
1995	£45,438	£559	12

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£515,000		1
2023	£225,658	£2,424	6
2022	£198,333	£2,003	3
2021	£182,967	£2,271	6
2020	£164,742	£2,147	6
2019	£160,000	£1,822	4
2018	£198,990	£2,194	5
2017	£166,125	£2,244	4
2016	£185,040	£1,759	4
2015	£163,312	£1,665	4
2014	£167,333	£2,286	3
2013	£194,500	£1,906	4
2012	£151,000	£1,762	5
2011	£208,000	£1,478	3
2010	£186,000	£2,114	1
2009	£144,125	£1,493	4
2008	£154,975	£1,940	2
2007	£210,064	£1,801	7
2006	£165,214	£2,203	7
2005	£166,499	£1,084	4
2004	£144,000	£2,437	3
2003	£161,917	£1,131	6
2002	£115,612	£706	4
2001	£98,000		4
2000	£99,180	£883	5
1999	£77,667	£520	3
1998	£71,500	£656	2
1997	£62,039	£821	3
1996	£66,850	£860	6
1995	£84,156	£866	9

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£157,500	£1,148	2
2023	£99,033	£1,131	9
2022	£73,000	£1,433	3
2021	£64,812	£1,074	8
2020	£69,667	£918	3
2019	£93,083	£1,176	6
2018	£78,000	£1,592	1
2017	£73,786	£996	7
2016	£107,000	£1,142	5
2015	£56,500	£931	4
2014	£75,300	£1,608	5
2013	£56,750	£1,056	2
2011	£49,200	£1,536	5
2009	£52,250	£909	2
2008	£78,167	£1,216	6
2007	£135,685	£1,331	24
2006	£76,717	£1,495	9
2005	£67,065	£1,363	10
2004	£48,993	£819	7
2003	£45,458	£675	13
2002	£34,931	£662	8
2001	£29,095	£420	10
2000	£26,440	£693	5
1999	£27,100	£644	5
1998	£24,143	£443	7
1997	£28,167	£509	3
1996	£23,200	£470	5
1995	£18,238	£343	4

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£83,493	£730	3
2022	£39,860	£1,179	2
2021	£2,808,243	£2,027	6
2020	£2,783,558	£66,270	3
2019	£221,524	£875	5
2018	£744,017	£342	7
2017	£640,859	£4	3
2016	£30,531	£432	3
2013	£31,000		1

House Type in NE15 8RG area

The most common house types in the NE15 8RG postcode area are Terraced (71), Semi-detached (34), and Detached (8).

Total	120
Terraced	71
Semi-detached	34
Detached	8
Flat	6
Shared house	1
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (47), and Owned: Owns with a mortgage or loan (40).

Owned: Owns outright	47
Owned: Owns with a mortgage or loan	40
Private rented: Private landlord or letting agency	30
Social rented: Rents from council or Local Authority	1
Social rented: Other social rented	1
Private rented: Other private rented	1
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the NE15 8RG have 2 people in household (48), and 1 person in household (47).

2 people in household	48
1 person in household	47
3 people in household	14
4 people in household	8
5 people in household	1
8 or more people in household	1
0 people in household	0
6 people in household	0
7 people in household	0