Housing Market Analysis for PARSONS DRIVE, NE40 3RA

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

Overview of Sold House prices

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

  • Other
    • The average price is around £3,435,000 median price is £3,435,000 Standard Deviation is £65,000 with Total Sold: 2
    • The most recent sale happened at this postcode is CO-OPERATIVE RETAIL SERVICES LTD PARSONS DRIVE: £3,500,000 (Sold on 18 Aug 2017)
    • The first recorded sale happened at this postcode is CO-OPERATIVE RETAIL SERVICES LTD PARSONS DRIVE: £3,370,000 (Sold on 07 May 2014)

Sold Price Trend Over the Years:

Below table and chart gives the average NE40 3RA 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: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2017£3,500,0001
2014£3,370,0001

All the Sales in the PARSONS DRIVE, NE40 3RA

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

AddressSold DatePrice% Change
CO-OPERATIVE RETAIL SERVICES LTD PARSONS DRIVEOther, Freehold18 Aug 2017£3,500,0003.86%
07 May 2014£3,370,000First Sale

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

PARSONS DRIVE, NE40 3RA Near By properties

Interactive Map

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

  • Terraced
    • The average price is around £126,834 median price is £112,000 Standard Deviation is £79,644 with Total Sold: 679
    • The Last 5 Year average price is £182,645 with Total Sold: 124
    • The most recent sale happened at this postcode is , 6 HOLBURN TERRACE: £221,500 (Sold on 13 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 £129,620 median price is £120,000 Standard Deviation is £74,391 with Total Sold: 804
    • The Last 5 Year average price is £179,201 with Total Sold: 175
    • 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 , 7 TOWER GARDENS: £44,500 (Sold on 01 Mar 1995)
  • Detached
    • The average price is around £211,053 median price is £186,000 Standard Deviation is £122,863 with Total Sold: 376
    • The Last 5 Year average price is £345,944 with Total Sold: 68
    • The most recent sale happened at this postcode is , 2 REEDSIDE: £410,000 (Sold on 16 May 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 £837,813 median price is £166,000 Standard Deviation is £1,817,272 with Total Sold: 24
    • The Last 5 Year average price is £1,003,217 with Total Sold: 12
    • The most recent sale happened at this postcode is , 3A ELVASTON ROAD: £170,000 (Sold on 07 Mar 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 £81,937 median price is £78,250 Standard Deviation is £42,775 with Total Sold: 120
    • The Last 5 Year average price is £106,447 with Total Sold: 20
    • The most recent sale happened at this postcode is 3, NORTHUMBERLAND HOUSE NORTHUMBERLAND ROAD: £114,000 (Sold on 18 Dec 2023)
    • The first recorded sale happened at this postcode is , 34 SILVERMERE DRIVE: £39,950 (Sold on 24 Mar 1995)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£243,108 £2,339 10
2023£178,931 £1,995 24
2022£184,952 £1,906 25
2021£160,950 £1,871 21
2020£177,889 £1,606 24
2019£182,472 £1,807 20
2018£150,405 £1,547 20
2017£186,160 £1,686 21
2016£198,944 £1,716 18
2015£146,882 £1,711 22
2014£164,786 £1,452 21
2013£135,996 £1,504 12
2012£148,923 £1,503 13
2011£147,961 £1,509 14
2010£128,875 £1,630 16
2009£172,000 £1,611 16
2008£135,850 £1,620 17
2007£170,224 £1,636 25
2006£142,468 £1,638 34
2005£158,316 £1,510 24
2004£167,692 £1,368 20
2003£105,039 £1,229 31
2002£71,727 £806 31
2001£65,849 £772 41
2000£69,050 £594 28
1999£54,867 £633 27
1998£58,000 £604 28
1997£54,013 £522 27
1996£52,819 £485 27
1995£52,895 £591 22
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£180,036 £2,059 14
2023£183,125 £2,146 28
2022£198,919 £2,221 37
2021£163,848 £1,920 44
2020£179,438 £1,955 28
2019£171,611 £1,816 24
2018£164,694 £1,733 31
2017£150,197 £1,870 33
2016£160,867 £1,867 30
2015£149,772 £1,710 27
2014£134,798 £1,623 25
2013£149,083 £1,682 18
2012£134,280 £1,546 25
2011£189,921 £1,781 19
2010£178,750 £1,842 18
2009£137,806 £1,453 18
2008£136,893 £1,798 14
2007£145,800 £1,809 36
2006£140,671 £1,716 34
2005£147,680 £1,559 22
2004£119,476 £1,306 25
2003£97,571 £1,157 28
2002£77,176 £817 35
2001£67,150 £859 28
2000£57,342 £756 26
1999£59,547 £667 29
1998£65,709 £661 33
1997£52,959 £624 27
1996£58,994 £676 31
1995£62,556 £662 17
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£386,667 £3,750 3
2023£338,300 £2,615 10
2022£315,423 £3,188 13
2021£404,431 £2,712 24
2020£335,625 £2,809 8
2019£248,937 £2,420 10
2018£280,625 £2,551 12
2017£244,355 £2,291 10
2016£240,032 £2,125 11
2015£244,000 £2,836 5
2014£226,000 £2,265 9
2013£197,700 £2,321 10
2012£239,600 £2,195 10
2011£264,350 £2,305 10
2010£262,250 £2,363 8
2009£314,429 £2,182 7
2008£348,333 £2,791 6
2007£201,493 £1,958 14
2006£261,367 £2,120 15
2005£227,682 £2,282 11
2004£214,406 £1,800 17
2003£179,382 £1,618 17
2002£145,196 £1,337 18
2001£119,192 £983 18
2000£105,954 £1,164 14
1999£96,554 £835 23
1998£119,379 £809 17
1997£113,318 £1,027 14
1996£82,312 £711 20
1995£87,954 £918 12
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£170,0001
2023£200,0001
2022£823,973 £2,786 3
2021£65,422 £386 4
2020£2,978,333 £46,515 3
2018£93,700 £1,232 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£84,625 £1,293 4
2022£86,083 £1,565 6
2021£162,890 £1,382 5
2020£102,498 £2,155 2
2019£84,833 £1,096 3
2018£106,500 £1,312 4
2017£128,333 £1,627 3
2016£112,565 £1,897 4
2015£87,190 £1,479 7
2014£100,583 £1,418 6
2013£82,000 £1,323 1
2012£82,875 £1,546 4
2011£75,600 £1,516 5
2010£99,667 £1,824 3
2009£114,000 £1,823 1
2008£146,833 £1,636 3
2007£84,400 £1,587 5
2005£95,792 £1,314 6
2004£90,994 £1,597 9
2003£76,750 £1,534 4
2002£56,617 £1,035 6
2001£31,333 £439 3
2000£45,567 £893 6
1999£41,690 £670 5
1998£32,000 £911 2
1997£39,117 £690 6
1996£35,750 £632 4
1995£34,467 £853 3

House Type in NE40 3RA area

The most common house types in the NE40 3RA postcode area are Semi-detached (62), Terraced (17), and Flat (15).

Total112
Semi-detached62
Terraced17
Flat15
Detached13
converted building4
Shared house1
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (42), and Social rented: Rents from council or Local Authority (29).

Owned: Owns outright42
Social rented: Rents from council or Local Authority29
Owned: Owns with a mortgage or loan20
Private rented: Private landlord or letting agency15
Private rented: Other private rented4
Social rented: Other social rented3
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the NE40 3RA have 1 person in household (48), and 2 people in household (44).

1 person in household48
2 people in household44
4 people in household11
3 people in household10
5 people in household1
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0