Housing Market Analysis for NEWMIN WAY, NE16 5RE

Are you looking to understand NE16 5RE 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 Gateshead postcode.

For the location information and nearby amenities in the NE16 5RE area, explore the NE16 5RE Area information page.
For comprehensive crime statistics in the NE16 5RE area, explore the NE16 5RE Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE16 5RE postcode area, The average prices are as follows,

Flat
- The average price is around £102,868 median price is £112,000 Standard Deviation is £26,111 with Total Sold: 28
- The Last 5 Year average price is £124,000 with Total Sold: 4
- The most recent sale happened at this postcode is 15 NEWMIN WAY: £123,000 (Sold on 12 Jan 2024)
- The first recorded sale happened at this postcode is 13 NEWMIN WAY: £123,000 (Sold on 12 Jan 2024)
Other
- The average price is around £115,800 median price is £114,500 Standard Deviation is £5,144 with Total Sold: 5
- The Last 5 Year average price is £116,625 with Total Sold: 4
- The most recent sale happened at this postcode is 11 NEWMIN WAY: £117,000 (Sold on 06 Oct 2023)
- The first recorded sale happened at this postcode is 16 NEWMIN WAY: £112,500 (Sold on 29 Aug 2018)
Semi-Detached
- The average price is around £86,833 median price is £74,000 Standard Deviation is £25,548 with Total Sold: 3
- The Last 5 Year average price is £122,500 with Total Sold: 1
- The most recent sale happened at this postcode is 38 NEWMIN WAY: £122,500 (Sold on 01 Nov 2019)
- The first recorded sale happened at this postcode is 10 NEWMIN WAY: £64,000 (Sold on 06 Jul 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average NE16 5RE 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
2024	£123,000	£2,050	2
2021	£128,000	£2,038	1
2019	£122,000	£2,000	1
2018	£110,000	£1,774	1
2017	£116,000	£2,033	2
2014	£112,499	£1,711	4
2012	£110,000		1
2011	£107,500	£1,762	1
2009	£105,000	£1,743	2
2008	£123,000		2
2007	£120,000	£2,069	1
2006	£117,650	£1,913	3
2003	£94,500	£1,512	2
2002	£67,950		1
2000	£56,500	£974	1
1999	£45,950	£919	1
1998	£43,500	£640	1
1995	£42,950	£741	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£117,000	£2,340	1
2021	£114,500	£2,120	1
2020	£110,000	£1,618	1
2019	£125,000	£2,016	1
2018	£112,500	£1,907	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£122,500	£1,828	1
2000	£74,000		1
1998	£64,000		1

All the Sales in the NEWMIN WAY, NE16 5RE

See the table below for more details on the sold house prices in the NE16 5RE, Gateshead postcode.

Address	Sold Date	Price	% Change
15 NEWMIN WAYFlat, Leasehold	12 Jan 2024	£123,000	6.96%
	21 Jan 2014	£115,000	4.55%
	17 May 2012	£110,000	First Sale
11 NEWMIN WAYOther, LeaseholdArea: 50 Sq.mtrAge: 1967-1975	06 Oct 2023	£117,000	154.62%
11 NEWMIN WAYOther, LeaseholdArea: 50 Sq.mtrAge: 1967-1975	26 Feb 1999	£45,950	First Sale
26 NEWMIN WAYFlat, LeaseholdArea: 62.8 Sq.mtrAge: 1967-1975	26 Aug 2021	£128,000	First Sale
9 NEWMIN WAYOther, LeaseholdArea: 54 Sq.mtrAge: 1967-1975	09 Jun 2021	£114,500	First Sale
5 NEWMIN WAYOther, LeaseholdArea: 68 Sq.mtrAge: 1967-1975	22 May 2020	£110,000	18.92%
	10 Oct 2003	£92,500	112.64%
	09 Dec 1998	£43,500	First Sale
38 NEWMIN WAYSemi-Detached, LeaseholdArea: 67 Sq.mtrAge: 1967-1975	01 Nov 2019	£122,500	First Sale
22 NEWMIN WAYFlat, LeaseholdArea: 61 Sq.mtrAge: 1967-1975	27 Sep 2019	£122,000	16.19%
22 NEWMIN WAYFlat, LeaseholdArea: 61 Sq.mtrAge: 1967-1975	20 Nov 2006	£105,000	First Sale
40 NEWMIN WAYOther, LeaseholdArea: 62 Sq.mtrAge: 1967-1975	23 Aug 2019	£125,000	13.64%
40 NEWMIN WAYOther, LeaseholdArea: 62 Sq.mtrAge: 1967-1975	21 Sep 2018	£110,000	First Sale
16 NEWMIN WAYOther, LeaseholdArea: 59 Sq.mtrAge: 1967-1975	29 Aug 2018	£112,500	First Sale
42 NEWMIN WAYFlat, LeaseholdArea: 58 Sq.mtrAge: 1967-1975	18 Aug 2017	£125,000	9.65%
	18 Dec 2009	£114,000	-5.00%
	22 May 2007	£120,000	24.35%
	05 Dec 2003	£96,500	70.80%
	16 Aug 2000	£56,500	31.55%
	31 Mar 1995	£42,950	First Sale
30 NEWMIN WAYFlat, LeaseholdArea: 56 Sq.mtrAge: 1967-1975	05 May 2017	£107,000	First Sale
20 NEWMIN WAYFlat, LeaseholdArea: 61 Sq.mtrAge: 1967-1975	10 Oct 2014	£114,995	-0.00%
	09 Oct 2014	£115,000	6.98%
	19 Aug 2011	£107,500	First Sale
24 NEWMIN WAYFlat, LeaseholdArea: 77 Sq.mtrAge: 1967-1975	01 Aug 2014	£105,000	First Sale
28 NEWMIN WAYFlat, LeaseholdArea: 63.1 Sq.mtrAge: 1967-1975	09 Apr 2009	£96,000	First Sale
7 NEWMIN WAYFlat, Leasehold	04 Jun 2008	£114,000	First Sale
36 NEWMIN WAYFlat, Leasehold	19 Mar 2008	£132,000	7.32%
36 NEWMIN WAYFlat, Leasehold	06 Nov 2006	£123,000	First Sale
18 NEWMIN WAYFlat, LeaseholdArea: 59.34 Sq.mtrAge: 1976-1982	03 Nov 2006	£124,950	First Sale
14 NEWMIN WAYFlat, Leasehold	08 Jan 2002	£67,950	First Sale
4 NEWMIN WAYSemi-Detached, Leasehold	28 Jul 2000	£74,000	First Sale
10 NEWMIN WAYSemi-Detached, Freehold	06 Jul 1998	£64,000	First Sale
13 NEWMIN WAYFlat, LeaseholdArea: 60 Sq.mtrAge: 1967-1975	12 Jan 2024	£123,000	First Sale

Check out the sold house prices near the NE16 5RE postcode. Properties currently for saleProperties currently for rent

NEWMIN WAY, NE16 5RE Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE16 5RE 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 NE16 5RE postcode.

Semi-Detached
- The average price is around £146,171 median price is £155,000 Standard Deviation is £65,842 with Total Sold: 646
- The Last 5 Year average price is £223,996 with Total Sold: 106
- The most recent sale happened at this postcode is , 44 ANCASTER ROAD: £380,000 (Sold on 20 Sep 2024)
- The first recorded sale happened at this postcode is , 32 MARLOW WAY: £54,000 (Sold on 24 Mar 1995)
Flat
- The average price is around £97,132 median price is £102,500 Standard Deviation is £41,210 with Total Sold: 189
- The Last 5 Year average price is £121,417 with Total Sold: 23
- The most recent sale happened at this postcode is , 47 LEASYDE WALK: £125,000 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is , 16 THORNHAUGH AVENUE: £57,000 (Sold on 06 Jan 1995)
Detached
- The average price is around £230,108 median price is £229,950 Standard Deviation is £107,363 with Total Sold: 419
- The Last 5 Year average price is £330,933 with Total Sold: 71
- The most recent sale happened at this postcode is , 25 WANSFORD WAY: £240,000 (Sold on 02 Aug 2024)
- The first recorded sale happened at this postcode is , 22 CALLALEY AVENUE: £74,500 (Sold on 17 Feb 1995)
Terraced
- The average price is around £137,587 median price is £138,475 Standard Deviation is £65,053 with Total Sold: 318
- The Last 5 Year average price is £212,158 with Total Sold: 53
- The most recent sale happened at this postcode is , 14 THORNHAUGH AVENUE: £190,000 (Sold on 19 Jun 2024)
- The first recorded sale happened at this postcode is , 16 THE FOXHILLS: £44,500 (Sold on 10 Feb 1995)
Other
- The average price is around £116,026 median price is £117,000 Standard Deviation is £70,489 with Total Sold: 23
- The Last 5 Year average price is £100,300 with Total Sold: 17
- The most recent sale happened at this postcode is , 96 OAKFIELD ROAD: £115,000 (Sold on 02 Feb 2024)
- The first recorded sale happened at this postcode is , 96 OAKFIELD ROAD: £145,000 (Sold on 22 May 2015)

Sold Price Trend Over the Years:

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£265,700	£3,571	10
2023	£244,775	£3,065	20
2022	£245,074	£2,854	15
2021	£225,676	£2,818	17
2020	£199,591	£2,411	23
2019	£194,660	£2,494	21
2018	£194,670	£2,425	20
2017	£189,706	£2,422	17
2016	£173,400	£2,304	20
2015	£182,112	£2,239	21
2014	£168,439	£2,060	18
2013	£177,050	£2,149	16
2012	£164,203	£2,001	17
2011	£150,944	£2,051	18
2010	£192,304	£2,105	13
2009	£169,015	£1,988	17
2008	£158,679	£2,173	14
2007	£187,961	£2,039	31
2006	£176,716	£1,990	25
2005	£178,321	£2,160	17
2004	£159,808	£1,820	20
2003	£130,843	£1,710	23
2002	£110,835	£1,306	33
2001	£86,298	£1,067	31
2000	£79,948	£988	25
1999	£73,830	£939	35
1998	£67,366	£819	29
1997	£58,058	£803	20
1996	£63,161	£796	41
1995	£63,313	£779	19

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£124,000	£2,050	4
2023	£154,149	£2,242	4
2022	£110,000	£1,864	1
2021	£109,917	£1,943	6
2020	£135,625	£2,166	4
2019	£92,000	£1,930	4
2018	£108,790	£2,043	5
2017	£110,300	£2,032	5
2016	£118,199	£2,154	5
2015	£117,475	£1,904	2
2014	£104,239	£1,823	14
2013	£105,429	£1,783	7
2012	£94,500	£1,470	4
2011	£101,125	£1,686	4
2010	£111,000	£1,790	1
2009	£104,929	£2,105	7
2008	£164,195	£3,146	14
2007	£125,683	£1,916	9
2006	£115,872	£2,108	9
2005	£96,421	£1,897	7
2004	£113,167	£1,821	9
2003	£90,392	£1,559	12
2002	£68,862	£1,115	4
2001	£53,928	£1,217	9
2000	£58,817	£964	3
1999	£43,856	£923	8
1998	£48,564	£801	7
1997	£47,717	£841	6
1996	£44,907	£742	7
1995	£42,378	£797	8

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£294,000	£2,729	5
2023	£444,950	£3,034	10
2022	£312,621	£3,304	7
2021	£324,784	£3,289	22
2020	£316,767	£2,413	12
2019	£296,130	£2,614	15
2018	£250,106	£2,663	9
2017	£296,491	£2,369	11
2016	£297,772	£2,605	9
2015	£284,956	£2,414	25
2014	£296,053	£2,362	18
2013	£216,994	£2,295	9
2012	£240,395	£2,206	10
2011	£252,195	£2,070	10
2010	£322,429	£2,217	7
2009	£228,364	£2,171	11
2008	£371,667	£2,131	3
2007	£277,745	£2,306	20
2006	£282,787	£2,286	15
2005	£276,500	£1,974	14
2004	£227,428	£1,996	23
2003	£231,145	£1,908	19
2002	£173,768	£1,369	20
2001	£129,454	£1,031	12
2000	£123,967	£1,018	18
1999	£114,929	£902	14
1998	£111,184	£902	19
1997	£100,056	£857	17
1996	£93,706	£733	25
1995	£119,545	£928	10

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£258,125		4
2023	£209,375	£2,643	12
2022	£227,940	£2,758	10
2021	£221,444	£2,322	9
2020	£200,583	£2,441	6
2019	£185,288	£2,353	12
2018	£211,606	£2,064	9
2017	£162,900	£1,935	6
2016	£147,625	£2,122	8
2015	£168,636	£2,046	7
2014	£127,767	£1,410	3
2013	£173,845	£1,845	10
2012	£160,575	£1,938	6
2011	£176,125	£2,308	4
2010	£171,000	£1,859	6
2009	£182,550	£2,022	10
2008	£173,682	£2,031	11
2007	£164,600	£2,117	10
2006	£153,429	£2,228	17
2005	£144,194	£2,329	18
2004	£140,730	£1,815	15
2003	£122,166	£1,649	16
2002	£105,469	£1,250	18
2001	£87,859	£969	11
2000	£72,885	£947	17
1999	£57,723	£827	11
1998	£62,240	£812	10
1997	£64,006	£712	17
1996	£54,812	£636	12
1995	£53,144	£681	13

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£115,000		1
2023	£175,667	£2,324	3
2022	£62,250	£1,337	4
2021	£115,167	£1,805	3
2020	£74,000	£1,147	3
2019	£82,200	£1,346	3
2018	£142,500	£2,172	3
2017	£283,000	£1,979	1
2016	£108,000		1
2015	£145,000		1

House Type in NE16 5RE area

The most common house types in the NE16 5RE postcode area are Semi-detached (51), Flat (39), and Detached (20).

Total	111
Semi-detached	51
Flat	39
Detached	20
Shared house	1
Terraced	0
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 (52), and Owned: Owns with a mortgage or loan (42).

Owned: Owns outright	52
Owned: Owns with a mortgage or loan	42
Private rented: Private landlord or letting agency	14
Shared ownership: Shared ownership	1
Social rented: Rents from council or Local Authority	1
Social rented: Other social rented	1
Does not apply	0
Private rented: Other private rented	0
Lives rent free	0

Number of People in a Household

The most houses in the NE16 5RE have 1 person in household (36), and 2 people in household (36).

1 person in household	36
2 people in household	36
3 people in household	23
4 people in household	13
5 people in household	1
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0