Housing Market Analysis for SOUTH CLOSE, NE40 3LW

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

Overview of Sold House prices

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

  • Semi-Detached
    • The average price is around £127,738 median price is £122,475 Standard Deviation is £46,703 with Total Sold: 4
    • The most recent sale happened at this postcode is 4 SOUTH CLOSE: £190,000 (Sold on 06 Oct 2017)
    • The first recorded sale happened at this postcode is 5 SOUTH CLOSE: £76,000 (Sold on 24 Jan 2000)
  • Detached
    • The average price is around £237,000 median price is £265,500 Standard Deviation is £96,013 with Total Sold: 4
    • The most recent sale happened at this postcode is 1 SOUTH CLOSE: £305,000 (Sold on 20 May 2016)
    • The first recorded sale happened at this postcode is 1 SOUTH CLOSE: £85,000 (Sold on 30 Apr 1999)

Sold Price Trend Over the Years:

Below table and chart gives the average NE40 3LW 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
2017£190,0001
2004£155,000 £1,667 1
2001£89,950 £967 1
2000£76,0001
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£305,000 £2,494 1
2012£332,000 £1,663 1
2005£226,000 £1,848 1
1999£85,000 £695 1

All the Sales in the SOUTH CLOSE, NE40 3LW

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

AddressSold DatePrice% Change
4 SOUTH CLOSESemi-Detached, Freehold06 Oct 2017£190,000First Sale
1 SOUTH CLOSEDetached, FreeholdArea: 122.28 Sq.mtrAge: 1967-197520 May 2016£305,00034.96%
28 Jul 2005£226,000165.88%
30 Apr 1999£85,000First Sale
ORCHARD HOUSE SOUTH CLOSEDetached, FreeholdArea: 199.63 Sq.mtr14 Sep 2012£332,000First Sale
3 SOUTH CLOSESemi-Detached, FreeholdArea: 93 Sq.mtrAge: 1950-196623 Apr 2004£155,00072.32%
27 Sep 2001£89,950First Sale
5 SOUTH CLOSESemi-Detached, Freehold24 Jan 2000£76,000First Sale

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

SOUTH CLOSE, NE40 3LW Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £137,113 median price is £124,500 Standard Deviation is £81,471 with Total Sold: 531
    • The Last 5 Year average price is £186,530 with Total Sold: 102
    • 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)
  • Terraced
    • The average price is around £136,516 median price is £120,000 Standard Deviation is £88,001 with Total Sold: 335
    • The Last 5 Year average price is £194,622 with Total Sold: 56
    • The most recent sale happened at this postcode is , 98 PARK FIELD: £146,000 (Sold on 09 Aug 2024)
    • The first recorded sale happened at this postcode is , 4 DEAN TERRACE: £45,000 (Sold on 28 Feb 1995)
  • Detached
    • The average price is around £226,877 median price is £210,000 Standard Deviation is £116,823 with Total Sold: 201
    • The Last 5 Year average price is £339,969 with Total Sold: 34
    • 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 £595,685 median price is £137,500 Standard Deviation is £1,164,289 with Total Sold: 14
    • The Last 5 Year average price is £139,422 with Total Sold: 4
    • 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 £68,578 median price is £66,000 Standard Deviation is £35,161 with Total Sold: 30
    • The Last 5 Year average price is £84,812 with Total Sold: 8
    • The most recent sale happened at this postcode is , 41 FAIRFIELDS: £83,500 (Sold on 28 Jul 2023)
    • The first recorded sale happened at this postcode is , 43 FAIRFIELDS: £25,000 (Sold on 27 Nov 1995)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£187,562 £2,059 8
2023£193,600 £2,056 15
2022£201,822 £2,157 25
2021£170,253 £1,866 35
2020£190,376 £2,191 19
2019£164,684 £1,676 19
2018£179,722 £1,664 27
2017£150,804 £1,733 23
2016£147,816 £1,705 19
2015£149,698 £1,674 20
2014£137,562 £1,551 16
2013£152,474 £1,640 19
2012£143,344 £1,582 16
2011£241,625 £1,499 8
2010£165,679 £1,742 14
2009£147,031 £1,366 8
2008£144,286 £1,218 7
2007£154,138 £1,720 21
2006£146,700 £1,539 24
2005£173,406 £1,562 16
2004£139,579 £1,284 12
2003£113,217 £1,059 21
2002£78,149 £695 17
2001£69,718 £835 16
2000£57,954 £619 12
1999£65,744 £636 16
1998£74,611 £644 22
1997£56,596 £638 25
1996£61,179 £614 21
1995£58,100 £803 10
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£295,5004
2023£178,758 £1,766 11
2022£224,129 £2,073 14
2021£148,214 £1,623 7
2020£178,760 £1,627 20
2019£206,712 £1,811 12
2018£186,944 £1,519 9
2017£182,704 £1,750 12
2016£199,500 £1,815 7
2015£166,056 £1,709 9
2014£176,104 £1,416 12
2013£141,419 £1,242 6
2012£134,917 £1,387 6
2011£133,812 £1,476 11
2010£121,571 £1,295 7
2009£176,071 £1,592 7
2008£142,333 £1,336 6
2007£243,272 £1,733 9
2006£156,671 £1,534 17
2005£157,996 £1,520 14
2004£162,467 £1,384 12
2003£129,569 £951 8
2002£77,712 £848 16
2001£67,912 £663 24
2000£53,750 £425 11
1999£73,096 £783 12
1998£59,467 £548 15
1997£61,674 £561 17
1996£56,100 £483 10
1995£51,275 £478 10
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£540,0002
2023£335,111 £2,556 9
2022£348,667 £2,641 6
2021£325,095 £2,745 10
2020£302,857 £2,465 7
2019£305,075 £2,584 5
2018£296,429 £2,501 7
2017£265,825 £2,107 6
2016£268,873 £2,025 12
2015£312,500 £2,895 2
2014£255,625 £2,249 4
2013£228,000 £2,154 6
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£241,095 £1,831 10
2003£154,833 £1,659 9
2002£164,208 £1,290 12
2001£107,325 £863 6
2000£115,983 £885 3
1999£110,961 £879 14
1998£119,869 £579 8
1997£94,167 £546 3
1996£100,035 £714 10
1995£94,667 £678 3
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£95,0001
2022£334,000 £2,550 1
2021£64,345 £805 2
2018£85,875 £882 4
2017£1,218,4673
2016£72,0001
2015£341,0001
2014£3,370,0001
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£84,250 £1,815 2
2022£78,750 £1,863 2
2021£90,833 £1,332 3
2020£79,9951
2019£67,250 £1,096 2
2018£46,000 £807 1
2016£109,5002
2015£62,317 £1,402 3
2014£119,500 £1,598 2
2013£69,950 £1,488 1
2012£69,0001
2011£65,500 £1,429 2
2004£84,000 £1,548 1
2001£35,500 £606 1
2000£33,475 £721 2
1997£20,000 £431 1
1996£26,000 £632 2
1995£25,0001

House Type in NE40 3LW area

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

Total126
Semi-detached83
Detached35
Terraced6
Flat1
Shared house1
converted building0
commercial building0
temporary structure0

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 outright72
Owned: Owns with a mortgage or loan46
Private rented: Private landlord or letting agency7
Private rented: Other private rented2
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

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

2 people in household51
1 person in household32
3 people in household22
4 people in household18
5 people in household2
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0