Housing Market Analysis for NE48 2ER

Are you looking to understand NE48 2ER 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 2ER area, explore the NE48 2ER Area information page.
For comprehensive crime statistics in the NE48 2ER area, explore the NE48 2ER Crime Rates page.

Overview of Sold House prices

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

  • Other
    • The average price is around £685,000 median price is £685,000 Standard Deviation is £0 with Total Sold: 1
    • The Last 5 Year average price is £685,000 with Total Sold: 1
    • The most recent sale happened at this postcode is REDESMOUTH MILL: £685,000 (Sold on 11 Nov 2022)
    • The first recorded sale happened at this postcode is REDESMOUTH MILL: £685,000 (Sold on 11 Nov 2022)
  • Detached
    • The average price is around £999,400 median price is £999,400 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is REDESMOUTH HALL: £999,400 (Sold on 23 Mar 2015)
    • The first recorded sale happened at this postcode is REDESMOUTH HALL: £999,400 (Sold on 23 Mar 2015)

Sold Price Trend Over the Years:

Below table and chart gives the average NE48 2ER 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
2022£685,000 £3,325 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2015£999,400 £2,200 1

All the Sales in the NE48 2ER

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

AddressSold DatePrice% Change
REDESMOUTH MILLOther, FreeholdArea: 206 Sq.mtrAge: before 190011 Nov 2022£685,000First Sale
REDESMOUTH HALLDetached, FreeholdArea: 454.36 Sq.mtrAge: before 190023 Mar 2015£999,400First Sale

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

NE48 2ER Near By properties

Interactive Map

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

  • Other
    • The average price is around £517,500 median price is £517,500 Standard Deviation is £167,500 with Total Sold: 2
    • The Last 5 Year average price is £517,500 with Total Sold: 2
    • The most recent sale happened at this postcode is , STATION HOUSE RAILWAY COTTAGES: £350,000 (Sold on 14 Aug 2023)
    • The first recorded sale happened at this postcode is , REDESMOUTH MILL : £685,000 (Sold on 11 Nov 2022)
  • Terraced
    • The average price is around £120,250 median price is £136,500 Standard Deviation is £34,285 with Total Sold: 8
    • The Last 5 Year average price is £148,000 with Total Sold: 3
    • The most recent sale happened at this postcode is , 10 RAILWAY COTTAGES: £170,000 (Sold on 16 Nov 2021)
    • The first recorded sale happened at this postcode is , 8 RAILWAY COTTAGES: £57,000 (Sold on 30 Oct 2002)
  • Detached
    • The average price is around £263,557 median price is £145,000 Standard Deviation is £305,078 with Total Sold: 7
    • The Last 5 Year average price is £245,000 with Total Sold: 1
    • The most recent sale happened at this postcode is , RIBSTONE : £245,000 (Sold on 23 Feb 2021)
    • The first recorded sale happened at this postcode is , BANA HOUSE RAILWAY COTTAGES: £75,000 (Sold on 24 May 1996)
  • Semi-Detached
    • The average price is around £66,736 median price is £44,500 Standard Deviation is £38,545 with Total Sold: 7
    • The most recent sale happened at this postcode is , 4 RAILWAY COTTAGES: £130,150 (Sold on 16 Sep 2016)
    • The first recorded sale happened at this postcode is , 12 RAILWAY COTTAGES: £25,000 (Sold on 16 Jun 1995)

Sold Price Trend Over the Years:

House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£350,0001
2022£685,000 £3,325 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£154,000 £2,035 2
2019£136,000 £1,679 1
2016£137,000 £1,691 1
2009£99,0001
2007£140,000 £1,728 1
2004£85,000 £696 1
2002£57,000 £695 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£245,0001
2015£999,400 £2,200 1
2014£145,000 £1,408 1
2013£125,000 £1,214 1
2004£172,5001
2000£83,0001
1996£75,0001
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2016£130,150 £2,002 1
2010£120,000 £1,224 1
2000£52,500 £639 2
1997£44,5001
1995£33,750 £255 2

House Type in NE48 2ER area

The most common house types in the NE48 2ER postcode area are Detached (66), Terraced (21), and Semi-detached (20).

Total107
Detached66
Terraced21
Semi-detached20
Flat0
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (45), and Owned: Owns outright (36).

Private rented: Private landlord or letting agency45
Owned: Owns outright36
Owned: Owns with a mortgage or loan16
Private rented: Other private rented6
Shared ownership: Shared ownership1
Social rented: Other social rented1
Does not apply0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the NE48 2ER have 2 people in household (43), and 1 person in household (34).

2 people in household43
1 person in household34
3 people in household15
4 people in household8
5 people in household4
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0