Housing Market Analysis for WESTERN WAY, NE40 3LR

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

Overview of Sold House prices

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

Semi-Detached
- The average price is around £170,092 median price is £182,000 Standard Deviation is £56,415 with Total Sold: 30
- The Last 5 Year average price is £210,425 with Total Sold: 12
- The most recent sale happened at this postcode is 8 WESTERN WAY: £280,000 (Sold on 19 Jun 2023)
- The first recorded sale happened at this postcode is 10 WESTERN WAY: £80,000 (Sold on 20 Jun 1997)
Terraced
- The average price is around £136,000 median price is £133,750 Standard Deviation is £73,074 with Total Sold: 4
- The Last 5 Year average price is £217,500 with Total Sold: 1
- The most recent sale happened at this postcode is 33 WESTERN WAY: £217,500 (Sold on 30 Aug 2019)
- The first recorded sale happened at this postcode is 12 WESTERN WAY: £59,000 (Sold on 14 Jul 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average NE40 3LR 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£231,000	£2,037	2
2022	£252,667	£2,127	3
2021	£193,800	£2,153	2
2020	£202,500	£1,412	1
2019	£178,750	£1,717	4
2018	£184,500	£2,042	3
2015	£187,500	£1,512	1
2014	£160,000	£1,720	1
2013	£180,000	£2,022	1
2012	£164,000	£1,663	1
2010	£178,000	£1,981	1
2007	£173,625	£1,894	2
2006	£172,750	£1,538	2
2002	£100,000		1
2001	£77,950	£791	1
1999	£68,500		2
1998	£66,950		1
1997	£80,000		1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£217,500	£1,942	1
2009	£200,000	£1,786	1
1997	£67,500		1
1995	£59,000	£615	1

All the Sales in the WESTERN WAY, NE40 3LR

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

Address	Sold Date	Price	% Change
8 WESTERN WAYSemi-Detached, FreeholdArea: 138 Sq.mtrAge: 1950-1966	19 Jun 2023	£280,000	First Sale
29 WESTERN WAYSemi-Detached, FreeholdArea: 89 Sq.mtrAge: 1967-1975	19 Apr 2023	£182,000	First Sale
2 WESTERN WAYSemi-Detached, FreeholdArea: 126 Sq.mtrAge: 1967-1975	31 Oct 2022	£275,000	First Sale
6 WESTERN WAYSemi-Detached, FreeholdArea: 139 Sq.mtrAge: 1967-1975	27 Oct 2022	£288,000	First Sale
19 WESTERN WAYSemi-Detached, Freehold	28 Jan 2022	£195,000	First Sale
30 WESTERN WAYSemi-Detached, FreeholdArea: 89 Sq.mtrAge: 1950-1966	22 Oct 2021	£192,500	First Sale
13 WESTERN WAYSemi-Detached, FreeholdArea: 91 Sq.mtrAge: 1950-1966	23 Sep 2021	£195,100	21.94%
	07 Jun 2019	£160,000	First Sale
28 WESTERN WAYSemi-Detached, FreeholdArea: 143.4 Sq.mtrAge: 1976-1982	12 Nov 2020	£202,500	First Sale
42 WESTERN WAYSemi-Detached, FreeholdArea: 139 Sq.mtrAge: 1967-1975	11 Oct 2019	£182,000	12.35%
	03 Mar 2006	£162,000	First Sale
33 WESTERN WAYTerraced, FreeholdArea: 112 Sq.mtrAge: 1967-1975	30 Aug 2019	£217,500	8.75%
	22 Jul 2009	£200,000	First Sale
7 WESTERN WAYSemi-Detached, FreeholdArea: 104 Sq.mtrAge: 1967-1975	05 Aug 2019	£185,000	First Sale
23 WESTERN WAYSemi-Detached, FreeholdArea: 93 Sq.mtrAge: 1967-1975	24 May 2019	£188,000	17.50%
	14 Apr 2014	£160,000	First Sale
22 WESTERN WAYSemi-Detached, FreeholdArea: 100 Sq.mtrAge: 1967-1975	23 Nov 2018	£192,000	First Sale
17 WESTERN WAYSemi-Detached, FreeholdArea: 89 Sq.mtrAge: 1967-1975	12 Nov 2018	£183,500	1.94%
	29 Nov 2013	£180,000	-3.87%
	25 May 2007	£187,250	First Sale
32 WESTERN WAYSemi-Detached, FreeholdArea: 83 Sq.mtrAge: 1967-1975	12 Jan 2018	£178,000	First Sale
1 WESTERN WAYSemi-Detached, FreeholdArea: 124 Sq.mtrAge: 1950-1966	21 Jul 2015	£187,500	First Sale
39 WESTERN WAYSemi-Detached, FreeholdArea: 98.59 Sq.mtrAge: 1967-1975	14 Dec 2012	£164,000	110.39%
	09 Feb 2001	£77,950	First Sale
21 WESTERN WAYSemi-Detached, FreeholdArea: 89.84 Sq.mtrAge: 1950-1966	28 May 2010	£178,000	First Sale
27 WESTERN WAYSemi-Detached, FreeholdArea: 95 Sq.mtrAge: 1967-1975	30 Nov 2007	£160,000	First Sale
12 WESTERN WAYSemi-Detached, FreeholdArea: 96 Sq.mtrAge: 1950-1966	09 Jun 2006	£183,500	211.02%
	14 Jul 1995	£59,000	First Sale
34 WESTERN WAYSemi-Detached, Freehold	28 Jun 2002	£100,000	First Sale
40 WESTERN WAYSemi-Detached, Freehold	09 Dec 1999	£68,000	First Sale
16 WESTERN WAYSemi-Detached, Freehold	29 Jun 1999	£69,000	First Sale
25 WESTERN WAYSemi-Detached, Freehold	29 May 1998	£66,950	First Sale
10 WESTERN WAYSemi-Detached, Freehold	20 Jun 1997	£80,000	First Sale
31 WESTERN WAYTerraced, Freehold	07 Feb 1997	£67,500	First Sale

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

WESTERN WAY, NE40 3LR Near By properties

Interactive Map

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

Terraced
- The average price is around £127,010 median price is £115,000 Standard Deviation is £84,036 with Total Sold: 441
- The Last 5 Year average price is £181,158 with Total Sold: 85
- 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 £134,830 median price is £121,000 Standard Deviation is £80,262 with Total Sold: 537
- The Last 5 Year average price is £181,557 with Total Sold: 117
- 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 £223,226 median price is £195,000 Standard Deviation is £116,962 with Total Sold: 187
- The Last 5 Year average price is £329,287 with Total Sold: 36
- The most recent sale happened at this postcode is , CROMDALE BARMOOR LANE: £540,000 (Sold on 25 Jul 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 £1,105,973 median price is £150,000 Standard Deviation is £2,216,011 with Total Sold: 15
- The Last 5 Year average price is £1,761,538 with Total Sold: 5
- 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 £61,571 median price is £65,000 Standard Deviation is £38,222 with Total Sold: 31
- The Last 5 Year average price is £87,832 with Total Sold: 6
- 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

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£253,751		6
2023	£156,489	£1,596	15
2022	£183,190	£1,892	20
2021	£142,750	£1,662	10
2020	£175,831	£1,604	22
2019	£214,087	£1,780	12
2018	£172,227	£1,467	11
2017	£182,454	£1,733	13
2016	£193,682	£1,638	11
2015	£155,409	£1,699	11
2014	£159,069	£1,393	18
2013	£134,550	£1,313	9
2012	£151,056	£1,478	9
2011	£128,198	£1,457	14
2010	£145,091	£1,509	11
2009	£184,062	£1,456	8
2008	£139,500	£1,447	11
2007	£183,612	£1,408	13
2006	£145,800	£1,454	18
2005	£154,716	£1,458	16
2004	£163,378	£1,451	16
2003	£108,160	£947	15
2002	£76,352	£796	24
2001	£63,794	£673	25
2000	£63,089	£477	14
1999	£57,282	£625	17
1998	£49,868	£525	17
1997	£55,196	£575	21
1996	£46,629	£389	19
1995	£51,647	£487	15

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£179,722	£2,059	9
2023	£188,767	£1,968	15
2022	£205,083	£2,168	24
2021	£156,261	£1,778	32
2020	£187,742	£2,130	20
2019	£183,294	£1,705	17
2018	£180,278	£1,690	27
2017	£150,696	£1,714	23
2016	£157,650	£1,690	20
2015	£157,747	£1,717	18
2014	£142,897	£1,544	15
2013	£159,361	£1,673	18
2012	£134,031	£1,478	16
2011	£241,625	£1,499	8
2010	£164,682	£1,725	11
2009	£141,692	£1,296	13
2008	£145,714	£1,103	7
2007	£148,600	£1,695	24
2006	£145,279	£1,516	26
2005	£181,200	£1,564	14
2004	£128,412	£1,259	13
2003	£101,168	£1,003	22
2002	£72,674	£650	20
2001	£67,311	£779	17
2000	£57,662	£581	12
1999	£61,494	£605	18
1998	£71,081	£584	24
1997	£59,471	£653	21
1996	£59,761	£597	22
1995	£57,364	£621	11

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£540,000		2
2023	£317,625	£2,627	8
2022	£348,667	£2,641	6
2021	£314,550	£2,745	9
2020	£297,500	£2,476	6
2019	£305,075	£2,584	5
2018	£295,833	£2,418	6
2017	£271,000	£2,141	5
2016	£265,648	£1,900	10
2015	£312,500	£2,895	2
2014	£215,000	£1,937	2
2013	£212,000	£2,154	5
2012	£221,500	£1,677	6
2011	£266,000	£1,800	5
2010	£243,000	£2,371	7
2009	£309,100	£1,877	5
2008	£325,600	£2,574	5
2007	£190,064	£1,956	7
2006	£260,667	£2,115	9
2005	£183,333	£2,122	3
2004	£243,606	£1,841	9
2003	£154,833	£1,659	9
2002	£160,250	£1,267	10
2001	£107,325	£863	6
2000	£115,983	£885	3
1999	£110,961	£879	14
1998	£121,145	£695	10
1997	£95,000		1
1996	£100,035	£714	10
1995	£93,500		2

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£95,000		1
2022	£334,000	£2,550	1
2021	£64,345	£805	2
2020	£8,250,000	£137,500	1
2018	£85,875	£882	4
2017	£1,218,467		3
2016	£72,000		1
2015	£341,000		1
2014	£3,370,000		1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£85,000		1
2022	£77,500	£1,987	1
2021	£150,000		1
2020	£79,995		1
2019	£67,250	£1,096	2
2018	£46,000	£807	1
2016	£109,500		2
2015	£58,500	£1,359	2
2014	£111,250	£1,342	2
2012	£68,250	£1,184	2
2011	£65,000		1
2007	£71,333	£1,587	3
2004	£84,000	£1,548	1
2002	£25,750		1
2001	£35,500	£606	1
2000	£33,475	£721	2
1999	£18,750	£340	2
1998	£23,000		1
1997	£18,500		1
1996	£26,000	£632	2
1995	£18,500		1

House Type in NE40 3LR area

The most common house types in the NE40 3LR postcode area are Semi-detached (83), Detached (35), and Terraced (6).

Total	126
Semi-detached	83
Detached	35
Terraced	6
Flat	1
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 (72), and Owned: Owns with a mortgage or loan (46).

Owned: Owns outright	72
Owned: Owns with a mortgage or loan	46
Private rented: Private landlord or letting agency	7
Private rented: Other private rented	2
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Rents from council or Local Authority	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the NE40 3LR have 2 people in household (51), and 1 person in household (32).

2 people in household	51
1 person in household	32
3 people in household	22
4 people in household	18
5 people in household	2
6 people in household	1
0 people in household	0
7 people in household	0
8 or more people in household	0