Housing Market Analysis for RUSSELL TERRACE, NE48 2BT

Are you looking to understand NE48 2BT 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 Northumberland postcode.

For the location information and nearby amenities in the NE48 2BT area, explore the NE48 2BT Area information page.
For comprehensive crime statistics in the NE48 2BT area, explore the NE48 2BT Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE48 2BT postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £78,400 median price is £76,300 Standard Deviation is £56,339 with Total Sold: 7
    • The Last 5 Year average price is £148,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 2 RUSSELL TERRACE: £200,000 (Sold on 19 Aug 2022)
    • The first recorded sale happened at this postcode is 6 RUSSELL TERRACE: £31,000 (Sold on 18 Oct 1996)
  • Flat
    • The average price is around £63,833 median price is £66,500 Standard Deviation is £17,883 with Total Sold: 6
    • The most recent sale happened at this postcode is UPPER FLAT, WAVERLEY HOUSE, 1 RUSSELL TERRACE: £80,000 (Sold on 20 Feb 2015)
    • The first recorded sale happened at this postcode is LOWER FLAT, WAVERLEY HOUSE, 1 RUSSELL TERRACE: £35,000 (Sold on 24 Aug 2001)

Sold Price Trend Over the Years:

Below table and chart gives the average NE48 2BT 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: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£200,000 £1,786 1
2019£97,000 £1,155 1
2012£84,500 £698 1
2001£37,5001
2000£76,300 £681 1
1999£22,500 £268 1
1996£31,0001
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2015£80,0002
2006£82,0001
2003£53,0002
2001£35,0001

All the Sales in the RUSSELL TERRACE, NE48 2BT

See the table below for more details on the sold house prices in the NE48 2BT, Northumberland postcode.

AddressSold DatePrice% Change
2 RUSSELL TERRACETerraced, FreeholdArea: 112 Sq.mtrAge: before 190019 Aug 2022£200,000162.12%
14 Apr 2000£76,300First Sale
5 RUSSELL TERRACETerraced, FreeholdArea: 84 Sq.mtrAge: before 190003 Jun 2019£97,000331.11%
21 Sep 1999£22,500First Sale
UPPER FLAT, WAVERLEY HOUSE, 1 RUSSELL TERRACEFlat, Leasehold20 Feb 2015£80,00050.94%
12 Mar 2003£53,000First Sale
LOWER FLAT, WAVERLEY HOUSE, 1 RUSSELL TERRACEFlat, Freehold20 Feb 2015£80,000-2.44%
23 Aug 2006£82,00054.72%
12 Mar 2003£53,00051.43%
24 Aug 2001£35,000First Sale
3 RUSSELL TERRACETerraced, FreeholdArea: 121 Sq.mtrAge: before 190030 Nov 2012£84,500First Sale
6 RUSSELL TERRACETerraced, Freehold07 Dec 2001£37,50020.97%
18 Oct 1996£31,000First Sale

Check out the sold house prices near the NE48 2BT postcode. Properties currently for saleProperties currently for rent

RUSSELL TERRACE, NE48 2BT Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE48 2BT 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 NE48 2BT postcode.

  • Detached
    • The average price is around £184,630 median price is £179,975 Standard Deviation is £105,937 with Total Sold: 162
    • The Last 5 Year average price is £282,790 with Total Sold: 31
    • The most recent sale happened at this postcode is , EWESLEY HOUSE BOAT ROAD: £610,000 (Sold on 06 Aug 2024)
    • The first recorded sale happened at this postcode is , BEWICK COTTAGE REDESMOUTH ROAD: £85,000 (Sold on 06 Jan 1995)
  • Semi-Detached
    • The average price is around £138,009 median price is £136,000 Standard Deviation is £66,456 with Total Sold: 79
    • The Last 5 Year average price is £197,497 with Total Sold: 18
    • The most recent sale happened at this postcode is , 48 WESTLANDS: £155,000 (Sold on 24 May 2024)
    • The first recorded sale happened at this postcode is , 7 FAIRSHAW CRESCENT: £47,000 (Sold on 12 May 1995)
  • Terraced
    • The average price is around £106,302 median price is £101,500 Standard Deviation is £56,296 with Total Sold: 177
    • The Last 5 Year average price is £145,462 with Total Sold: 33
    • The most recent sale happened at this postcode is , 16 WESTLANDS: £90,000 (Sold on 12 Apr 2024)
    • The first recorded sale happened at this postcode is , 4 DEVONSHIRE PLACE: £60,000 (Sold on 17 Mar 1995)
  • Flat
    • The average price is around £53,400 median price is £60,000 Standard Deviation is £24,083 with Total Sold: 15
    • The Last 5 Year average price is £81,000 with Total Sold: 1
    • The most recent sale happened at this postcode is FLAT 1, SHELLCROFT : £81,000 (Sold on 31 Jan 2024)
    • The first recorded sale happened at this postcode is 2, SHELLCROFT : £24,000 (Sold on 11 May 2000)
  • Other
    • The average price is around £142,812 median price is £130,000 Standard Deviation is £82,916 with Total Sold: 19
    • The Last 5 Year average price is £144,500 with Total Sold: 11
    • The most recent sale happened at this postcode is , THE NORTHERN GARAGE : £300,000 (Sold on 08 Aug 2023)
    • The first recorded sale happened at this postcode is , ROWAN BARN : £36,000 (Sold on 30 Apr 2014)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£426,0002
2023£274,250 £2,792 4
2022£336,667 £2,444 3
2021£258,925 £1,942 10
2020£271,893 £1,845 7
2019£263,000 £1,824 5
2018£250,143 £2,198 7
2017£222,658 £2,104 6
2016£215,317 £2,064 3
2015£249,250 £2,452 4
2014£300,333 £1,803 6
2013£234,583 £1,743 3
2012£197,500 £1,792 3
2011£255,000 £1,634 2
2010£150,212 £1,744 2
2009£218,375 £2,129 4
2008£208,300 £1,862 5
2007£150,000 £2,276 2
2006£201,429 £1,676 7
2005£145,052 £1,341 2
2004£167,188 £1,769 16
2003£127,667 £1,203 6
2002£121,045 £1,085 11
2001£116,625 £920 8
2000£105,705 £791 11
1999£86,256 £524 8
1998£54,852 £520 4
1997£58,291 £516 1
1996£84,667 £374 6
1995£61,488 £554 4
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£161,000 £2,319 2
2023£215,000 £2,365 3
2022£195,786 £2,140 7
2021£154,167 £1,604 3
2019£251,650 £2,013 3
2018£155,000 £1,772 2
2017£146,333 £1,767 3
2016£150,812 £1,674 4
2015£149,950 £1,666 1
2011£112,483 £1,521 3
2009£131,500 £1,572 2
2008£124,333 £1,460 3
2007£189,917 £1,598 6
2006£140,556 £1,495 9
2005£148,064 £1,734 7
2004£119,488 £1,661 4
2003£75,000 £949 1
2001£58,950 £555 3
2000£92,000 £812 2
1999£55,942 £563 3
1998£36,250 £483 2
1997£47,667 £407 3
1995£44,667 £497 3
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£129,333 £2,514 3
2023£177,500 £1,548 2
2022£166,000 £1,831 10
2021£140,200 £1,563 5
2020£109,667 £1,331 3
2019£136,725 £1,235 10
2018£179,800 £1,443 5
2017£149,250 £1,671 6
2016£166,583 £1,637 6
2015£124,357 £1,496 7
2014£111,214 £1,372 7
2013£94,750 £1,088 2
2012£127,600 £1,128 5
2011£132,333 £1,380 3
2010£137,625 £1,340 4
2009£98,875 £1,124 4
2008£123,833 £1,491 3
2007£115,990 £1,637 5
2006£125,350 £1,407 7
2005£120,375 £1,324 8
2004£116,513 £1,362 6
2003£132,493 £976 7
2002£61,614 £655 7
2001£58,833 £555 9
2000£58,900 £599 7
1999£51,136 £488 11
1998£36,800 £574 5
1997£38,215 £390 7
1996£43,014 £439 9
1995£52,250 £392 4
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£81,000 £1,191 1
2015£80,0002
2008£70,000 £1,061 1
2007£70,000 £986 1
2006£82,0001
2004£60,000 £877 2
2003£53,0002
2001£35,0001
2000£19,2504
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£300,0001
2022£180,000 £2,020 3
2021£118,167 £2,188 3
2020£165,000 £1,195 2
2019£32,5002
2018£210,000 £1,463 2
2017£95,375 £1,225 2
2016£159,057 £2,209 3
2014£36,000 £545 1

House Type in NE48 2BT area

The most common house types in the NE48 2BT postcode area are Detached (91), Semi-detached (73), and Terraced (36).

Total203
Detached91
Semi-detached73
Terraced36
temporary structure2
Shared house1
Flat0
converted building0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (95), and Owned: Owns with a mortgage or loan (49).

Owned: Owns outright95
Owned: Owns with a mortgage or loan49
Social rented: Other social rented22
Private rented: Private landlord or letting agency16
Social rented: Rents from council or Local Authority12
Shared ownership: Shared ownership6
Private rented: Other private rented5
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the NE48 2BT have 2 people in household (87), and 1 person in household (46).

2 people in household87
1 person in household46
3 people in household34
4 people in household29
5 people in household4
6 people in household3
0 people in household0
7 people in household0
8 or more people in household0