Housing Market Analysis for SOUTHERN WAY, NE40 3LH

Are you looking to understand NE40 3LH 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 NE40 3LH area, explore the NE40 3LH Area information page.
For comprehensive crime statistics in the NE40 3LH area, explore the NE40 3LH Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE40 3LH postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £170,500 median price is £170,500 Standard Deviation is £58,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 3 SOUTHERN WAY: £229,000 (Sold on 04 Feb 2005)
    • The first recorded sale happened at this postcode is 3 SOUTHERN WAY: £112,000 (Sold on 01 Apr 1996)

Sold Price Trend Over the Years:

Below table and chart gives the average NE40 3LH 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: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2005£229,0001
1996£112,0001

All the Sales in the SOUTHERN WAY, NE40 3LH

See the table below for more details on the sold house prices in the NE40 3LH, Gateshead postcode.

AddressSold DatePrice% Change
3 SOUTHERN WAYSemi-Detached, Freehold04 Feb 2005£229,000104.46%
01 Apr 1996£112,000First Sale

Check out the sold house prices near the NE40 3LH postcode. Properties currently for saleProperties currently for rent

SOUTHERN WAY, NE40 3LH Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE40 3LH 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 NE40 3LH postcode.

  • Terraced
    • The average price is around £132,128 median price is £120,000 Standard Deviation is £83,557 with Total Sold: 418
    • The Last 5 Year average price is £185,608 with Total Sold: 82
    • The most recent sale happened at this postcode is , 03-Apr WHITEWELL TERRACE: £255,505 (Sold on 09 Sep 2024)
    • The first recorded sale happened at this postcode is , 2 WALLACE TERRACE: £64,000 (Sold on 20 Jan 1995)
  • Semi-Detached
    • The average price is around £132,368 median price is £123,000 Standard Deviation is £74,522 with Total Sold: 625
    • The Last 5 Year average price is £177,665 with Total Sold: 150
    • The most recent sale happened at this postcode is , 9 GRANGE DRIVE: £190,000 (Sold on 05 Sep 2024)
    • The first recorded sale happened at this postcode is , NORWOOD WOODSIDE ROAD: £62,500 (Sold on 17 Feb 1995)
  • Detached
    • The average price is around £209,671 median price is £185,000 Standard Deviation is £112,724 with Total Sold: 185
    • The Last 5 Year average price is £318,729 with Total Sold: 30
    • The most recent sale happened at this postcode is , BEECHWOOD, 1 BEECHWOOD AVENUE: £540,000 (Sold on 23 Feb 2024)
    • The first recorded sale happened at this postcode is , 6 NORTH CLOSE: £87,000 (Sold on 03 Feb 1995)
  • Other
    • The average price is around £490,477 median price is £137,500 Standard Deviation is £1,046,087 with Total Sold: 18
    • The Last 5 Year average price is £126,615 with Total Sold: 6
    • The most recent sale happened at this postcode is , 3 TWEEDYS BUILDINGS: £95,000 (Sold on 10 Jan 2024)
    • The first recorded sale happened at this postcode is , CO-OPERATIVE RETAIL SERVICES LTD PARSONS DRIVE: £3,370,000 (Sold on 07 May 2014)
  • Flat
    • The average price is around £71,104 median price is £73,500 Standard Deviation is £36,016 with Total Sold: 50
    • The Last 5 Year average price is £89,428 with Total Sold: 7
    • The most recent sale happened at this postcode is GROUND FLOOR FLAT, INGOE, 1 ASHFIELD TERRACE: £85,000 (Sold on 11 Jan 2023)
    • The first recorded sale happened at this postcode is , 47 CUSHYCOW LANE: £18,500 (Sold on 24 Apr 1995)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£253,7516
2023£162,314 £1,817 17
2022£195,700 £1,846 14
2021£144,062 £1,705 8
2020£180,509 £1,664 23
2019£206,718 £1,798 14
2018£158,409 £1,423 11
2017£196,746 £1,813 12
2016£194,955 £1,628 11
2015£162,650 £1,662 10
2014£153,145 £1,355 19
2013£163,350 £1,491 7
2012£151,056 £1,478 9
2011£128,439 £1,467 12
2010£139,273 £1,453 11
2009£196,786 £1,592 7
2008£142,864 £1,604 11
2007£199,804 £1,412 13
2006£144,100 £1,442 19
2005£159,144 £1,455 17
2004£168,197 £1,419 15
2003£112,857 £982 15
2002£84,718 £832 20
2001£64,162 £673 24
2000£62,750 £457 15
1999£58,239 £574 14
1998£50,109 £525 16
1997£58,778 £591 20
1996£52,033 £366 15
1995£53,462 £467 13
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£180,615 £2,059 13
2023£187,500 £2,124 21
2022£199,733 £2,172 30
2021£159,641 £1,862 38
2020£173,380 £2,107 27
2019£172,603 £1,827 21
2018£163,498 £1,623 24
2017£142,483 £1,652 29
2016£158,981 £1,842 26
2015£147,914 £1,686 18
2014£133,521 £1,601 21
2013£152,188 £1,626 16
2012£130,548 £1,537 21
2011£222,800 £1,569 10
2010£159,458 £1,681 12
2009£140,667 £1,423 15
2008£126,111 £1,103 9
2007£151,562 £1,698 30
2006£135,770 £1,578 27
2005£162,579 £1,589 21
2004£123,363 £1,221 15
2003£109,069 £1,087 21
2002£76,732 £642 20
2001£67,644 £836 19
2000£54,703 £648 17
1999£60,495 £578 20
1998£68,204 £614 24
1997£53,662 £610 24
1996£59,781 £584 24
1995£64,542 £767 12
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£540,0001
2023£307,250 £2,631 8
2022£342,834 £2,826 6
2021£330,188 £2,886 8
2020£277,500 £2,454 4
2019£251,791 £2,255 3
2018£285,000 £2,390 8
2017£259,667 £2,235 6
2016£252,621 £2,062 7
2015£312,500 £2,895 2
2014£238,333 £2,057 3
2013£205,833 £2,279 6
2012£223,800 £1,805 5
2011£231,250 £1,800 4
2010£235,167 £2,321 6
2009£309,100 £1,877 5
2008£300,000 £2,554 5
2007£192,244 £1,956 8
2006£232,625 £2,115 8
2005£183,333 £2,122 3
2004£248,040 £1,841 10
2003£157,591 £1,638 11
2002£148,591 £1,279 11
2001£102,325 £839 6
2000£96,475 £1,141 6
1999£97,342 £872 13
1998£126,939 £695 9
1997£95,0001
1996£86,928 £740 9
1995£90,0003
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£95,0001
2023£200,0001
2022£334,000 £2,550 1
2021£43,563 £547 3
2018£93,700 £1,229 5
2017£954,350 £2,700 4
2016£72,0001
2015£341,0001
2014£3,370,0001
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£85,0001
2022£77,500 £1,987 1
2021£124,500 £1,571 2
2020£79,9951
2019£67,250 £1,096 2
2018£75,500 £1,085 2
2017£107,500 £1,739 2
2016£110,086 £1,794 3
2015£74,332 £1,407 4
2014£102,833 £1,357 3
2013£82,000 £1,323 1
2012£80,500 £1,530 3
2011£65,0001
2009£114,000 £1,823 1
2007£71,333 £1,587 3
2005£94,000 £1,621 1
2004£96,317 £1,690 3
2003£79,500 £1,445 1
2002£25,7501
2001£35,500 £606 1
2000£38,983 £754 3
1999£18,750 £340 2
1998£23,0001
1997£31,333 £608 3
1996£26,000 £632 2
1995£31,725 £817 2

House Type in NE40 3LH area

The most common house types in the NE40 3LH postcode area are Semi-detached (50), Terraced (37), and Detached (22).

Total118
Semi-detached50
Terraced37
Detached22
commercial building5
converted building3
Shared house1
Flat0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (69), and Owned: Owns with a mortgage or loan (34).

Owned: Owns outright69
Owned: Owns with a mortgage or loan34
Private rented: Private landlord or letting agency12
Social rented: Rents from council or Local Authority3
Social rented: Other social rented2
Does not apply0
Shared ownership: Shared ownership0
Private rented: Other private rented0
Lives rent free0

Number of People in a Household

The most houses in the NE40 3LH have 2 people in household (49), and 1 person in household (32).

2 people in household49
1 person in household32
3 people in household19
4 people in household17
6 people in household1
0 people in household0
5 people in household0
7 people in household0
8 or more people in household0