Housing Market Analysis for NE40 3RE

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

Overview of Sold House prices

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

    Sold Price Trend Over the Years:

    Below table and chart gives the average NE40 3RE 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.

    All the Sales in the NE40 3RE

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

    AddressSold DatePrice% Change

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

    NE40 3RE Near By properties

    Interactive Map

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

    • Terraced
      • The average price is around £139,688 median price is £124,975 Standard Deviation is £89,568 with Total Sold: 578
      • The Last 5 Year average price is £200,024 with Total Sold: 106
      • 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)
    • Detached
      • The average price is around £252,513 median price is £226,000 Standard Deviation is £135,173 with Total Sold: 227
      • The Last 5 Year average price is £381,988 with Total Sold: 48
      • 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)
    • Semi-Detached
      • The average price is around £140,945 median price is £121,000 Standard Deviation is £97,483 with Total Sold: 498
      • The Last 5 Year average price is £197,538 with Total Sold: 108
      • The most recent sale happened at this postcode is , 33 MAIN ROAD: £172,500 (Sold on 21 Jun 2024)
      • The first recorded sale happened at this postcode is , NORWOOD WOODSIDE ROAD: £62,500 (Sold on 17 Feb 1995)
    • Other
      • The average price is around £1,006,399 median price is £180,000 Standard Deviation is £2,036,830 with Total Sold: 18
      • The Last 5 Year average price is £1,148,743 with Total Sold: 9
      • 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 £91,480 median price is £80,000 Standard Deviation is £44,448 with Total Sold: 78
      • The Last 5 Year average price is £107,322 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 , 43 FAIRFIELDS: £25,000 (Sold on 27 Nov 1995)

    Sold Price Trend Over the Years:

    House Type: Terraced
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£274,4397
    2023£192,111 £1,904 21
    2022£201,578 £1,951 23
    2021£175,735 £1,778 17
    2020£189,585 £1,646 21
    2019£214,238 £1,799 17
    2018£168,506 £1,441 17
    2017£188,225 £1,658 24
    2016£210,627 £1,769 17
    2015£149,324 £1,615 17
    2014£185,512 £1,473 20
    2013£141,924 £1,249 13
    2012£162,950 £1,613 10
    2011£153,062 £1,539 16
    2010£165,733 £1,629 15
    2009£177,458 £1,575 12
    2008£141,955 £1,454 11
    2007£213,678 £1,608 16
    2006£162,770 £1,532 27
    2005£172,299 £1,491 22
    2004£180,558 £1,463 19
    2003£123,706 £1,072 17
    2002£77,769 £764 34
    2001£69,797 £707 33
    2000£70,171 £524 21
    1999£66,372 £633 23
    1998£60,402 £445 23
    1997£64,126 £569 27
    1996£49,437 £406 22
    1995£58,231 £506 16
    House Type: Detached
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£540,0002
    2023£376,222 £2,612 9
    2022£348,375 £2,735 8
    2021£380,288 £2,606 17
    2020£405,278 £2,861 9
    2019£323,333 £2,838 3
    2018£310,750 £2,499 8
    2017£284,988 £2,288 4
    2016£291,267 £1,958 13
    2015£312,500 £2,895 2
    2014£296,250 £2,873 2
    2013£343,286 £2,121 7
    2012£220,857 £1,674 7
    2011£277,143 £1,999 7
    2010£237,000 £2,420 6
    2009£309,100 £1,877 5
    2008£359,333 £2,880 3
    2007£188,100 £1,623 5
    2006£272,375 £1,910 12
    2005£313,833 £2,551 6
    2004£249,627 £1,709 15
    2003£178,312 £1,412 8
    2002£175,727 £1,265 11
    2001£135,143 £937 7
    2000£119,817 £936 3
    1999£120,094 £1,004 16
    1998£123,883 £695 9
    1997£138,272 £973 9
    1996£110,440 £738 10
    1995£133,500 £593 4
    House Type: Semi-Detached
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£190,6254
    2023£182,294 £1,939 17
    2022£253,978 £2,179 20
    2021£177,728 £1,934 30
    2020£206,564 £2,197 18
    2019£175,947 £1,663 19
    2018£171,019 £1,606 27
    2017£153,700 £1,641 20
    2016£159,895 £1,571 19
    2015£161,553 £1,737 18
    2014£140,000 £1,552 15
    2013£157,033 £1,576 15
    2012£141,219 £1,602 16
    2011£214,333 £1,364 9
    2010£187,107 £1,805 14
    2009£180,179 £1,464 7
    2008£144,286 £1,218 7
    2007£146,133 £1,798 18
    2006£143,072 £1,456 22
    2005£165,576 £1,505 17
    2004£135,850 £1,256 14
    2003£105,542 £1,020 20
    2002£87,352 £684 20
    2001£63,157 £818 13
    2000£57,954 £619 12
    1999£67,454 £703 13
    1998£74,664 £596 21
    1997£59,933 £617 24
    1996£68,368 £670 17
    1995£64,167 £570 12
    House Type: Other
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2024£132,5002
    2022£334,000 £2,550 1
    2021£127,897 £1,019 3
    2020£8,250,000 £137,500 1
    2019£553,0002
    2018£85,875 £882 4
    2017£1,825,0002
    2016£72,0001
    2015£341,0001
    2014£3,370,0001
    House Type: Flat
    YearAvg. PriceAvg. Price/Sq. mtrSold
    2023£84,400 £1,467 5
    2022£96,300 £1,717 5
    2021£139,658 £1,309 6
    2020£102,498 £2,155 2
    2019£100,0002
    2018£130,500 £807 2
    2017£170,000 £1,401 1
    2016£113,000 £2,000 3
    2015£95,738 £1,578 4
    2014£106,800 £1,554 5
    2013£69,950 £1,488 1
    2012£79,500 £1,579 2
    2011£78,400 £1,482 5
    2010£99,667 £1,824 3
    2008£177,500 £1,329 2
    2007£80,0001
    2005£100,812 £1,363 4
    2004£92,200 £1,017 5
    2003£83,750 £1,577 2
    2002£62,790 £1,035 5
    2001£29,250 £355 2
    2000£59,250 £1,049 2
    1999£56,983 £1,000 3
    1997£40,175 £642 4
    1996£67,7501
    1995£25,0001

    House Type in NE40 3RE area

    The most common house types in the NE40 3RE postcode area are Semi-detached (93), Terraced (20), and Flat (12).

    Total130
    Semi-detached93
    Terraced20
    Flat12
    Detached4
    Shared house1
    converted building0
    commercial building0
    temporary structure0

    Tenure of household

    As per the tenure of household, most of the the properties are Social rented: Rents from council or Local Authority (45), and Owned: Owns with a mortgage or loan (33).

    Social rented: Rents from council or Local Authority45
    Owned: Owns with a mortgage or loan33
    Owned: Owns outright29
    Private rented: Private landlord or letting agency12
    Social rented: Other social rented10
    Private rented: Other private rented1
    Does not apply0
    Shared ownership: Shared ownership0
    Lives rent free0

    Number of People in a Household

    The most houses in the NE40 3RE have 2 people in household (47), and 1 person in household (37).

    2 people in household47
    1 person in household37
    3 people in household25
    4 people in household15
    5 people in household2
    6 people in household2
    0 people in household0
    7 people in household0
    8 or more people in household0