Housing Market Analysis for GOWAN TERRACE, NE2 2PS

Are you looking to understand NE2 2PS 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 NE2 2PS area, explore the NE2 2PS Area information page.
For comprehensive crime statistics in the NE2 2PS area, explore the NE2 2PS Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE2 2PS postcode area, The average prices are as follows,

Terraced
- The average price is around £324,250 median price is £350,000 Standard Deviation is £121,523 with Total Sold: 16
- The Last 5 Year average price is £415,625 with Total Sold: 4
- The most recent sale happened at this postcode is 7 GOWAN TERRACE: £500,000 (Sold on 04 Aug 2022)
- The first recorded sale happened at this postcode is 4 GOWAN TERRACE: £135,000 (Sold on 13 Jul 1995)
Flat
- The average price is around £107,912 median price is £111,000 Standard Deviation is £33,266 with Total Sold: 13
- The most recent sale happened at this postcode is FLAT G, PAVILION MEWS, 2A GOWAN TERRACE: £127,500 (Sold on 27 Jun 2018)
- The first recorded sale happened at this postcode is GROUND FLOOR FLAT, 22 GOWAN TERRACE: £51,900 (Sold on 15 Sep 1995)
Semi-Detached
- The average price is around £210,000 median price is £210,000 Standard Deviation is £60,000 with Total Sold: 2
- The most recent sale happened at this postcode is 5 GOWAN TERRACE: £270,000 (Sold on 10 Jan 2005)
- The first recorded sale happened at this postcode is 5 GOWAN TERRACE: £150,000 (Sold on 10 Jul 1998)

Sold Price Trend Over the Years:

Below table and chart gives the average NE2 2PS 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
2022	£500,000	£3,401	1
2021	£372,000	£3,161	2
2020	£418,500	£2,847	1
2018	£450,000	£2,074	1
2015	£285,000	£3,032	1
2007	£397,500		2
2004	£325,000		1
2003	£375,000	£1,728	1
2002	£453,000	£1,629	1
2001	£210,500	£991	2
1999	£189,500	£699	1
1996	£97,000	£689	1
1995	£135,000	£486	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2018	£127,500	£2,024	1
2015	£152,500	£3,600	1
2014	£80,000		1
2011	£146,000	£3,447	1
2010	£111,000	£2,775	1
2008	£150,000	£2,381	1
2005	£125,000	£1,984	1
2002	£119,250	£2,399	2
2001	£89,950	£2,123	1
2000	£71,500	£1,788	1
1999	£59,000	£937	1
1995	£51,900		1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2005	£270,000		1
1998	£150,000		1

All the Sales in the GOWAN TERRACE, NE2 2PS

See the table below for more details on the sold house prices in the NE2 2PS, Newcastle upon Tyne postcode.

Address	Sold Date	Price	% Change
7 GOWAN TERRACETerraced, FreeholdArea: 147 Sq.mtrAge: 1900-1929	04 Aug 2022	£500,000	19.47%
	05 Nov 2020	£418,500	First Sale
1 GOWAN TERRACETerraced, FreeholdArea: 140.84 Sq.mtrAge: 1900-1929	13 Dec 2021	£450,000	363.92%
	13 Sep 1996	£97,000	First Sale
3 GOWAN TERRACETerraced, FreeholdArea: 94 Sq.mtrAge: 1900-1929	14 May 2021	£294,000	3.16%
	25 Jun 2015	£285,000	First Sale
20 GOWAN TERRACETerraced, FreeholdArea: 217 Sq.mtrAge: 1900-1929	31 Aug 2018	£450,000	20.00%
	25 Apr 2003	£375,000	74.42%
	01 Aug 2001	£215,000	First Sale
FLAT G, PAVILION MEWS, 2A GOWAN TERRACEFlat, LeaseholdArea: 63 Sq.mtrAge: 1991-1995	27 Jun 2018	£127,500	-15.00%
	01 Oct 2008	£150,000	20.00%
	21 Jun 2005	£125,000	16.28%
	08 Nov 2002	£107,500	82.20%
	10 Sep 1999	£59,000	First Sale
FLAT I, PAVILION MEWS, 2A GOWAN TERRACEFlat, LeaseholdArea: 42.36 Sq.mtrAge: 1996-2002	28 Aug 2015	£152,500	4.45%
	01 Nov 2011	£146,000	11.45%
	22 Nov 2002	£131,000	45.64%
	01 Feb 2001	£89,950	First Sale
FLAT 6, GREBE COURT GOWAN TERRACEFlat, Leasehold	01 May 2014	£80,000	First Sale
FLAT D, PAVILION MEWS, 2A GOWAN TERRACEFlat, LeaseholdArea: 40 Sq.mtrAge: 1983-1990	23 Feb 2010	£111,000	55.24%
	29 Sep 2000	£71,500	First Sale
10 GOWAN TERRACETerraced, Freehold	27 Jun 2007	£375,000	15.38%
10 GOWAN TERRACETerraced, Freehold	02 Mar 2004	£325,000	First Sale
16 GOWAN TERRACETerraced, Freehold	19 Mar 2007	£420,000	103.88%
16 GOWAN TERRACETerraced, Freehold	17 Sep 2001	£206,000	First Sale
5 GOWAN TERRACESemi-Detached, Freehold	10 Jan 2005	£270,000	80.00%
5 GOWAN TERRACESemi-Detached, Freehold	10 Jul 1998	£150,000	First Sale
4 GOWAN TERRACETerraced, FreeholdArea: 278 Sq.mtrAge: 1900-1929	26 Sep 2002	£453,000	235.56%
	13 Jul 1995	£135,000	First Sale
8 GOWAN TERRACETerraced, FreeholdArea: 271 Sq.mtrAge: 1900-1929	01 Sep 1999	£189,500	First Sale
GROUND FLOOR FLAT, 22 GOWAN TERRACEFlat, Leasehold	15 Sep 1995	£51,900	First Sale

Check out the sold house prices near the NE2 2PS postcode. Properties currently for saleProperties currently for rent

GOWAN TERRACE, NE2 2PS Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE2 2PS 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 NE2 2PS postcode.

Flat
- The average price is around £149,932 median price is £145,000 Standard Deviation is £88,623 with Total Sold: 2,745
- The Last 5 Year average price is £220,337 with Total Sold: 370
- The most recent sale happened at this postcode is , 49A OSBORNE ROAD: £267,000 (Sold on 03 Sep 2024)
- The first recorded sale happened at this postcode is , 36A HOLLY AVENUE: £45,500 (Sold on 06 Jan 1995)
Semi-Detached
- The average price is around £322,163 median price is £275,000 Standard Deviation is £301,899 with Total Sold: 374
- The Last 5 Year average price is £613,030 with Total Sold: 58
- The most recent sale happened at this postcode is , 3 BURDON PLACE: £1,050,000 (Sold on 23 Aug 2024)
- The first recorded sale happened at this postcode is , 25 LARKSPUR TERRACE: £110,000 (Sold on 21 Feb 1995)
Terraced
- The average price is around £290,613 median price is £272,550 Standard Deviation is £191,139 with Total Sold: 1,465
- The Last 5 Year average price is £504,112 with Total Sold: 193
- The most recent sale happened at this postcode is , 48 LARKSPUR TERRACE: £576,000 (Sold on 10 Jul 2024)
- The first recorded sale happened at this postcode is , 97 FERN AVENUE: £91,000 (Sold on 06 Jan 1995)
Detached
- The average price is around £436,078 median price is £347,500 Standard Deviation is £340,102 with Total Sold: 198
- The Last 5 Year average price is £707,764 with Total Sold: 36
- The most recent sale happened at this postcode is 7, GROSVENOR VILLAS GROSVENOR ROAD: £1,200,000 (Sold on 13 May 2024)
- The first recorded sale happened at this postcode is , 49 SANDYFORD PARK: £60,000 (Sold on 16 Jan 1995)
Other
- The average price is around £1,481,729 median price is £359,375 Standard Deviation is £2,407,378 with Total Sold: 96
- The Last 5 Year average price is £1,500,013 with Total Sold: 59
- The most recent sale happened at this postcode is UNIT 1, JESMOND BUSINESS COURT JESMOND ROAD: £125,000 (Sold on 15 Dec 2023)
- The first recorded sale happened at this postcode is EAST LODGE, JESMOND OLD CEMETERY JESMOND ROAD: £40,000 (Sold on 07 Apr 2015)

Sold Price Trend Over the Years:

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£218,752	£3,099	24
2023	£223,572	£2,820	69
2022	£214,996	£2,716	71
2021	£238,431	£2,940	98
2020	£213,018	£2,489	47
2019	£200,092	£2,684	61
2018	£200,658	£2,556	63
2017	£187,914	£2,401	83
2016	£184,976	£2,503	76
2015	£186,220	£2,387	85
2014	£196,581	£2,327	77
2013	£172,504	£2,110	57
2012	£167,844	£2,287	48
2011	£163,272	£2,085	44
2010	£167,864	£2,416	44
2009	£164,827	£2,090	49
2008	£166,854	£2,206	58
2007	£185,086	£2,488	111
2006	£188,371	£2,370	140
2005	£171,343	£2,269	119
2004	£185,140	£2,329	138
2003	£163,763	£2,267	136
2002	£138,918	£1,718	145
2001	£104,554	£1,305	150
2000	£97,254	£1,184	153
1999	£83,793	£1,102	162
1998	£68,165	£861	110
1997	£62,695	£770	125
1996	£58,339	£708	115
1995	£58,744	£691	87

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£743,857	£2,726	7
2023	£716,944	£4,046	9
2022	£986,375	£3,440	8
2021	£457,077	£3,357	13
2020	£495,469	£3,227	8
2019	£469,192	£3,249	13
2018	£393,921	£2,907	12
2017	£427,850	£2,497	10
2016	£416,500	£2,670	5
2015	£417,325	£2,958	10
2014	£814,994	£3,123	8
2013	£353,828	£2,495	4
2012	£397,590	£2,749	6
2011	£497,167	£2,527	6
2010	£446,200	£1,759	5
2009	£335,833	£2,419	12
2008	£329,297	£1,685	6
2007	£362,445	£2,401	10
2006	£329,225	£1,937	20
2005	£277,829	£1,751	12
2004	£309,081	£2,070	18
2003	£293,092	£2,157	20
2002	£260,643	£1,661	14
2001	£218,761	£1,226	19
2000	£216,694	£1,805	14
1999	£125,312	£862	22
1998	£123,612	£763	28
1997	£112,314	£823	25
1996	£108,735	£596	17
1995	£111,519	£610	13

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£518,559	£3,622	14
2023	£540,813	£3,266	34
2022	£598,695	£3,614	32
2021	£510,095	£3,275	53
2020	£379,468	£2,647	30
2019	£468,958	£2,681	30
2018	£387,440	£2,595	45
2017	£391,317	£2,458	35
2016	£451,709	£2,488	32
2015	£397,935	£2,447	46
2014	£359,285	£2,338	47
2013	£378,742	£2,280	26
2012	£388,936	£2,387	32
2011	£333,414	£2,743	29
2010	£361,909	£2,455	37
2009	£351,481	£2,283	26
2008	£330,559	£2,250	36
2007	£364,018	£2,222	54
2006	£328,535	£2,089	62
2005	£317,265	£2,079	53
2004	£296,790	£2,010	56
2003	£299,476	£2,011	62
2002	£250,814	£1,565	80
2001	£193,082	£1,158	80
2000	£156,962	£1,086	86
1999	£143,407	£864	68
1998	£123,592	£784	62
1997	£110,343	£661	82
1996	£97,723	£628	75
1995	£105,825	£617	61

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£890,000	£4,339	4
2023	£664,500	£4,212	5
2021	£670,625	£3,621	8
2020	£699,727	£3,462	11
2019	£691,875	£3,038	8
2018	£480,250	£3,224	4
2017	£1,029,750	£3,425	4
2016	£743,333	£2,956	3
2015	£521,857	£3,510	7
2014	£265,500	£3,321	2
2013	£563,333	£3,019	3
2012	£631,050	£3,334	4
2011	£411,658	£2,507	6
2010	£424,000	£2,711	3
2009	£855,003	£2,862	3
2008	£678,600	£2,132	5
2007	£407,083	£3,458	6
2006	£439,600	£2,228	5
2005	£590,000	£1,652	8
2004	£387,031	£2,495	16
2003	£323,308	£2,029	13
2002	£293,850	£1,391	10
2001	£277,772	£1,466	9
2000	£238,976	£1,217	10
1999	£141,750	£963	11
1998	£283,461	£1,013	5
1997	£174,225	£1,038	8
1996	£157,205	£976	11
1995	£135,333	£751	6

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£562,722	£8,758	9
2022	£2,957,250	£17,313	20
2021	£1,607,153	£10,451	10
2020	£354,279	£2,517	7
2019	£441,523	£1,744	13
2018	£1,007,556	£1,477	9
2017	£2,453,110	£73,812	14
2016	£810,421	£2,801	10
2015	£557,375	£20,334	4

House Type in NE2 2PS area

The most common house types in the NE2 2PS postcode area are Terraced (67), Shared house (33), and Flat (20).

Total	132
Terraced	67
Shared house	33
Flat	20
Semi-detached	6
converted building	4
Detached	2
commercial building	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 (62), and Owned: Owns with a mortgage or loan (30).

Private rented: Private landlord or letting agency	62
Owned: Owns with a mortgage or loan	30
Owned: Owns outright	29
Social rented: Other social rented	7
Social rented: Rents from council or Local Authority	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 NE2 2PS have 2 people in household (48), and 1 person in household (26).

2 people in household	48
1 person in household	26
4 people in household	16
3 people in household	12
7 people in household	12
5 people in household	7
6 people in household	5
8 or more people in household	3
0 people in household	0