Housing Market Analysis for WEST BANK, NE40 4EG

Are you looking to understand NE40 4EG 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 4EG area, explore the NE40 4EG Area information page.
For comprehensive crime statistics in the NE40 4EG area, explore the NE40 4EG Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE40 4EG postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £105,300 median price is £119,000 Standard Deviation is £32,768 with Total Sold: 5
    • The Last 5 Year average price is £140,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 2 WEST BANK: £140,000 (Sold on 24 Sep 2021)
    • The first recorded sale happened at this postcode is 1 WEST BANK: £44,000 (Sold on 06 Apr 2001)

Sold Price Trend Over the Years:

Below table and chart gives the average NE40 4EG 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
2021£140,000 £2,009 1
2017£103,500 £1,669 1
2014£119,000 £1,707 1
2010£120,000 £1,722 1
2001£44,000 £710 1

All the Sales in the WEST BANK, NE40 4EG

See the table below for more details on the sold house prices in the NE40 4EG, Gateshead postcode.

AddressSold DatePrice% Change
2 WEST BANKSemi-Detached, FreeholdArea: 69.7 Sq.mtrAge: 1900-192924 Sep 2021£140,00017.65%
28 Nov 2014£119,000-0.83%
07 Dec 2010£120,000First Sale
1 WEST BANKSemi-Detached, FreeholdArea: 62 Sq.mtrAge: 1930-194907 Jul 2017£103,500135.23%
06 Apr 2001£44,000First Sale

Check out the sold house prices near the NE40 4EG postcode. Properties currently for saleProperties currently for rent

WEST BANK, NE40 4EG Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE40 4EG 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 4EG postcode.

  • Terraced
    • The average price is around £86,459 median price is £86,000 Standard Deviation is £42,570 with Total Sold: 1,352
    • The Last 5 Year average price is £117,626 with Total Sold: 230
    • The most recent sale happened at this postcode is , 6 MORGY HILL EAST: £83,470 (Sold on 22 Aug 2024)
    • The first recorded sale happened at this postcode is , 1 BUTTERFIELD CLOSE: £40,500 (Sold on 20 Jan 1995)
  • Semi-Detached
    • The average price is around £115,925 median price is £110,000 Standard Deviation is £59,887 with Total Sold: 456
    • The Last 5 Year average price is £165,841 with Total Sold: 106
    • The most recent sale happened at this postcode is , WINSTER ST AGNES VILLAS: £103,000 (Sold on 13 Aug 2024)
    • The first recorded sale happened at this postcode is , 41 HORSLEY AVENUE: £60,000 (Sold on 06 Jan 1995)
  • Detached
    • The average price is around £205,934 median price is £215,000 Standard Deviation is £87,548 with Total Sold: 267
    • The Last 5 Year average price is £272,691 with Total Sold: 109
    • The most recent sale happened at this postcode is , GLENCOE FELL VIEW: £125,000 (Sold on 01 Jul 2024)
    • The first recorded sale happened at this postcode is , THE RISE, 44 OLD MAIN STREET: £73,000 (Sold on 12 Jan 1995)
  • Flat
    • The average price is around £62,485 median price is £55,000 Standard Deviation is £37,542 with Total Sold: 90
    • The Last 5 Year average price is £80,350 with Total Sold: 10
    • The most recent sale happened at this postcode is , 1C JUBILEE TERRACE: £112,000 (Sold on 01 Feb 2024)
    • The first recorded sale happened at this postcode is , 16 BUTTERFIELD CLOSE: £20,000 (Sold on 08 Aug 1995)
  • Other
    • The average price is around £324,504 median price is £111,000 Standard Deviation is £817,740 with Total Sold: 32
    • The Last 5 Year average price is £188,884 with Total Sold: 22
    • The most recent sale happened at this postcode is , 1B JUBILEE TERRACE: £112,000 (Sold on 01 Feb 2024)
    • The first recorded sale happened at this postcode is , 68 HORSLEY AVENUE: £10,250 (Sold on 29 Nov 2016)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£136,605 £3,431 14
2023£124,511 £1,582 31
2022£120,557 £1,599 45
2021£113,830 £1,486 53
2020£107,618 £1,473 50
2019£120,070 £1,521 37
2018£111,713 £1,521 47
2017£101,540 £1,408 33
2016£110,477 £1,511 39
2015£106,918 £1,332 31
2014£104,954 £1,389 35
2013£123,714 £1,557 57
2012£91,633 £1,311 15
2011£102,132 £1,490 19
2010£109,188 £1,543 38
2009£105,698 £1,357 20
2008£122,386 £1,681 18
2007£113,954 £1,681 54
2006£117,219 £1,606 67
2005£111,241 £1,523 51
2004£101,026 £1,382 42
2003£78,682 £1,058 74
2002£59,547 £799 91
2001£47,512 £662 83
2000£43,573 £592 57
1999£38,840 £552 54
1998£39,731 £538 55
1997£38,140 £519 57
1996£34,377 £506 51
1995£38,432 £511 34
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£136,250 £1,910 8
2023£195,654 £2,289 13
2022£189,150 £2,310 10
2021£152,434 £1,940 28
2020£172,623 £2,024 22
2019£159,530 £1,934 25
2018£160,310 £1,834 22
2017£128,915 £1,597 22
2016£138,667 £1,429 6
2015£148,573 £1,540 13
2014£112,946 £1,554 14
2013£138,549 £1,550 19
2012£132,900 £1,748 5
2011£109,200 £1,813 5
2010£141,562 £1,552 8
2009£130,994 £1,665 9
2008£116,145 £1,395 10
2007£139,639 £1,941 14
2006£128,676 £1,730 19
2005£134,195 £2,042 13
2004£124,696 £1,851 12
2003£92,367 £1,140 24
2002£65,700 £950 23
2001£62,502 £740 21
2000£49,646 £668 13
1999£55,462 £574 16
1998£45,125 £572 10
1997£52,326 £647 21
1996£43,530 £616 15
1995£52,653 £535 16
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£196,5002
2023£303,591 £2,817 11
2022£260,213 £2,274 7
2021£269,323 £2,296 34
2020£274,380 £2,376 22
2019£272,000 £2,155 33
2018£247,492 £2,090 20
2017£230,417 £2,005 6
2016£210,312 £2,204 8
2015£227,625 £2,709 4
2014£200,000 £1,979 3
2013£154,608 £1,853 11
2012£188,333 £1,564 3
2011£210,333 £2,123 3
2010£202,980 £1,794 5
2009£191,333 £1,369 3
2007£183,375 £1,585 6
2006£171,954 £1,689 12
2005£217,500 £2,198 8
2004£123,875 £1,382 4
2003£159,895 £1,739 10
2002£109,864 £995 7
2001£88,833 £839 6
2000£82,167 £855 6
1999£76,900 £786 5
1998£76,700 £908 5
1997£77,950 £760 12
1996£69,494 £716 8
1995£65,833 £522 3
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£112,0001
2023£76,250 £1,760 2
2022£78,200 £1,970 5
2021£75,000 £2,273 1
2020£73,000 £1,973 1
2018£95,500 £1,599 4
2017£55,000 £1,667 1
2016£57,000 £1,541 1
2015£62,500 £1,736 1
2014£46,250 £1,351 2
2013£68,000 £2,709 1
2010£49,975 £1,725 2
2009£79,2641
2008£174,0003
2007£93,812 £2,324 8
2006£78,500 £1,868 7
2005£67,064 £2,131 7
2004£77,333 £1,571 3
2003£50,239 £1,062 9
2002£32,761 £1,011 9
2001£34,790 £1,104 5
2000£29,167 £649 3
1999£28,333 £712 6
1998£29,250 £184 2
1997£21,8002
1996£49,975 £722 2
1995£20,000 £833 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£112,0001
2023£360,0001
2022£125,833 £1,613 6
2021£50,330 £1,000 5
2020£169,532 £887 4
2019£399,734 £2,651 5
2018£183,646 £2,500 3
2017£183,500 £1,775 5
2016£2,380,125 £42,035 2

House Type in NE40 4EG area

The most common house types in the NE40 4EG postcode area are Terraced (106), Semi-detached (9), and Flat (7).

Total130
Terraced106
Semi-detached9
Flat7
commercial building4
Shared house3
Detached1
converted building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (48), and Owned: Owns with a mortgage or loan (45).

Owned: Owns outright48
Owned: Owns with a mortgage or loan45
Private rented: Private landlord or letting agency25
Social rented: Other social rented4
Private rented: Other private rented4
Social rented: Rents from council or Local Authority2
Shared ownership: Shared ownership1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the NE40 4EG have 1 person in household (62), and 2 people in household (46).

1 person in household62
2 people in household46
3 people in household13
4 people in household7
6 people in household1
0 people in household0
5 people in household0
7 people in household0
8 or more people in household0