Housing Market Analysis for NE1 7RE

Are you looking to understand NE1 7RE 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 7RE area, explore the NE1 7RE Area information page.
For comprehensive crime statistics in the NE1 7RE area, explore the NE1 7RE Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE1 7RE postcode area, The average prices are as follows,

    Sold Price Trend Over the Years:

    Below table and chart gives the average NE1 7RE 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.

    All the Sales in the NE1 7RE

    See the table below for more details on the sold house prices in the NE1 7RE, Newcastle upon Tyne postcode.

    AddressSold DatePrice% Change

    Check out the sold house prices near the NE1 7RE postcode. Properties currently for saleProperties currently for rent

    NE1 7RE Near By properties

    Interactive Map

    This Interactive map can help you visualize the nearby sold house in the NE1 7RE 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 7RE postcode.

    • Flat
      • The average price is around £125,443 median price is £120,000 Standard Deviation is £72,620 with Total Sold: 619
      • The Last 5 Year average price is £163,151 with Total Sold: 88
      • The most recent sale happened at this postcode is FLAT 3, 7 HIGHAM PLACE: £210,000 (Sold on 06 Sep 2024)
      • The first recorded sale happened at this postcode is , 37 LEAZES TERRACE: £43,500 (Sold on 01 Feb 1995)
    • Other
      • The average price is around £4,789,543 median price is £1,065,000 Standard Deviation is £9,503,781 with Total Sold: 104
      • The Last 5 Year average price is £3,816,204 with Total Sold: 55
      • The most recent sale happened at this postcode is , STRAWBERRY BUILDINGS LEAZES PARK ROAD: £5,725,160 (Sold on 09 Jul 2024)
      • The first recorded sale happened at this postcode is , TIME CENTRAL, 32 GALLOWGATE: £24,680,000 (Sold on 21 Nov 2013)
    • Terraced
      • The average price is around £358,798 median price is £250,000 Standard Deviation is £322,164 with Total Sold: 148
      • The Last 5 Year average price is £591,278 with Total Sold: 27
      • The most recent sale happened at this postcode is , 2 LEAZES CRESCENT: £375,000 (Sold on 28 Mar 2024)
      • The first recorded sale happened at this postcode is , 32B LEAZES TERRACE: £42,000 (Sold on 08 Feb 1995)
    • Detached
      • The average price is around £235,134 median price is £249,330 Standard Deviation is £103,297 with Total Sold: 9
      • The most recent sale happened at this postcode is , 10 LEAZES CRESCENT: £315,000 (Sold on 31 Mar 2016)
      • The first recorded sale happened at this postcode is , 20 THE OPEN: £80,000 (Sold on 21 Jan 2002)
    • Semi-Detached
      • The average price is around £132,288 median price is £130,000 Standard Deviation is £66,749 with Total Sold: 17
      • The most recent sale happened at this postcode is , 47C LEAZES TERRACE: £200,000 (Sold on 07 Jan 2011)
      • The first recorded sale happened at this postcode is , 47C LEAZES TERRACE: £75,000 (Sold on 25 Apr 1997)

    Sold Price Trend Over the Years:

    House Type: Flat
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£146,004 £2,529 10
    2023£159,769 £2,904 13
    2022£154,654 £2,722 24
    2021£175,176 £2,843 17
    2020£182,145 £2,382 11
    2019£163,612 £3,018 13
    2018£164,732 £2,320 14
    2017£158,553 £2,718 15
    2016£156,390 £2,593 13
    2015£150,844 £2,216 16
    2014£157,310 £2,458 20
    2013£136,509 £2,305 17
    2012£118,958 £2,365 12
    2011£139,369 £2,466 8
    2010£140,869 £2,343 9
    2009£139,725 £2,335 10
    2008£181,041 £2,669 11
    2007£166,313 £2,637 19
    2006£160,585 £2,501 28
    2005£152,390 £2,534 25
    2004£169,638 £2,566 24
    2003£163,631 £2,452 22
    2002£167,326 £1,768 55
    2001£84,531 £1,352 24
    2000£68,607 £1,252 23
    1999£64,870 £1,088 41
    1998£60,291 £1,102 43
    1997£54,189 £833 31
    1996£50,150 £832 22
    1995£52,162 £858 29
    House Type: Other
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£2,621,5404
    2023£5,168,901 £2,355 11
    2022£4,477,74711
    2021£2,379,574 £2,366 7
    2020£4,860,74210
    2019£2,335,62512
    2018£4,082,79311
    2017£1,304,176 £1,541 8
    2016£14,850,2409
    2015£1,440,038 £903 13
    2014£5,190,7506
    2013£24,680,0002
    House Type: Terraced
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£770,833 £3,074 3
    2023£733,333 £3,262 3
    2022£577,000 £3,965 5
    2021£672,929 £2,887 7
    2020£455,500 £2,612 5
    2019£394,750 £2,475 4
    2018£442,598 £2,359 6
    2017£250,000 £847 1
    2016£571,000 £2,136 6
    2015£484,992 £2,015 6
    2014£750,000 £2,296 2
    2013£643,750 £2,589 4
    2011£431,333 £2,528 3
    2010£199,333 £2,612 3
    2009£333,150 £2,535 5
    2008£611,333 £2,690 4
    2007£526,875 £2,706 8
    2006£200,929 £2,647 7
    2005£181,000 £2,303 4
    2004£321,375 £2,402 4
    2003£309,375 £1,602 8
    2002£195,650 £1,509 10
    2001£321,931 £1,628 8
    2000£93,500 £1,004 6
    1999£85,016 £826 5
    1998£161,000 £864 7
    1997£79,167 £701 6
    1996£93,750 £850 4
    1995£54,250 £668 4
    House Type: Detached
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2016£315,000 £3,182 1
    2011£187,165 £2,299 2
    2009£250,0001
    2004£428,8751
    2003£176,500 £2,677 2
    2002£197,500 £1,429 2
    House Type: Semi-Detached
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2011£200,000 £2,667 1
    2009£238,000 £1,737 1
    2005£202,500 £2,627 2
    2004£210,500 £2,611 2
    2001£73,250 £1,032 4
    1999£140,0001
    1998£95,380 £1,006 5
    1997£75,000 £769 1

    House Type in NE1 7RE area

    The most common house types in the NE1 7RE postcode area are Flat (66), Shared house (38), and commercial building (9).

    Total125
    Flat66
    Shared house38
    commercial building9
    converted building6
    Terraced4
    Detached1
    Semi-detached1
    temporary structure0

    Tenure of household

    As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (95), and Private rented: Other private rented (14).

    Private rented: Private landlord or letting agency95
    Private rented: Other private rented14
    Social rented: Other social rented7
    Owned: Owns with a mortgage or loan4
    Owned: Owns outright3
    Social rented: Rents from council or Local Authority2
    Does not apply0
    Shared ownership: Shared ownership0
    Lives rent free0

    Number of People in a Household

    The most houses in the NE1 7RE have 1 person in household (65), and 8 or more people in household (21).

    1 person in household65
    8 or more people in household21
    2 people in household17
    3 people in household11
    4 people in household9
    5 people in household4
    0 people in household0
    6 people in household0
    7 people in household0