Housing Market Analysis for GROSVENOR WAY, NE5 1RZ

Are you looking to understand NE5 1RZ 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 Newcastle upon Tyne postcode.

For the location information and nearby amenities in the NE5 1RZ area, explore the NE5 1RZ Area information page.
For comprehensive crime statistics in the NE5 1RZ area, explore the NE5 1RZ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE5 1RZ postcode area, The average prices are as follows,

Detached
- The average price is around £163,706 median price is £160,050 Standard Deviation is £75,156 with Total Sold: 17
- The Last 5 Year average price is £298,500 with Total Sold: 1
- The most recent sale happened at this postcode is 51 GROSVENOR WAY: £298,500 (Sold on 18 Feb 2022)
- The first recorded sale happened at this postcode is 47 GROSVENOR WAY: £85,000 (Sold on 20 Jan 1995)
Other
- The average price is around £280,000 median price is £280,000 Standard Deviation is £0 with Total Sold: 1
- The most recent sale happened at this postcode is 57 GROSVENOR WAY: £280,000 (Sold on 15 Dec 2016)
- The first recorded sale happened at this postcode is 57 GROSVENOR WAY: £280,000 (Sold on 15 Dec 2016)

Sold Price Trend Over the Years:

Below table and chart gives the average NE5 1RZ 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: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£298,500	£2,112	1
2016	£246,000	£1,891	2
2015	£270,000	£1,901	1
2011	£245,000	£1,734	1
2004	£199,950		1
2002	£169,000		3
2001	£140,025	£1,068	2
1999	£89,250	£694	2
1996	£65,000	£500	1
1995	£82,333	£538	3

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2016	£280,000	£1,761	1

All the Sales in the GROSVENOR WAY, NE5 1RZ

See the table below for more details on the sold house prices in the NE5 1RZ, Newcastle upon Tyne postcode.

Address	Sold Date	Price	% Change
51 GROSVENOR WAYDetached, LeaseholdArea: 141.33 Sq.mtrAge: 1967-1975	18 Feb 2022	£298,500	12.64%
	21 Nov 2016	£265,000	8.16%
	11 Nov 2011	£245,000	188.24%
	11 Oct 1999	£85,000	30.77%
	15 Jan 1996	£65,000	-7.14%
	26 Jul 1995	£70,000	First Sale
57 GROSVENOR WAYOther, FreeholdArea: 159 Sq.mtrAge: 1967-1975	15 Dec 2016	£280,000	First Sale
40 GROSVENOR WAYDetached, LeaseholdArea: 119 Sq.mtrAge: 1967-1975	03 Jun 2016	£227,000	89.17%
	14 Sep 2001	£120,000	28.34%
	17 Feb 1999	£93,500	First Sale
36 GROSVENOR WAYDetached, FreeholdArea: 142 Sq.mtrAge: 1967-1975	02 Jun 2015	£270,000	68.70%
	24 Oct 2001	£160,050	First Sale
38 GROSVENOR WAYDetached, Leasehold	26 Mar 2004	£199,950	First Sale
47 GROSVENOR WAYDetached, Freehold	13 Nov 2002	£165,000	94.12%
47 GROSVENOR WAYDetached, Freehold	20 Jan 1995	£85,000	First Sale
42 GROSVENOR WAYDetached, Leasehold	23 Sep 2002	£197,000	114.13%
42 GROSVENOR WAYDetached, Leasehold	16 Jun 1995	£92,000	First Sale
49 GROSVENOR WAYDetached, Leasehold	17 Jul 2002	£145,000	First Sale

Check out the sold house prices near the NE5 1RZ postcode. Properties currently for saleProperties currently for rent

GROSVENOR WAY, NE5 1RZ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE5 1RZ 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 NE5 1RZ postcode.

Terraced
- The average price is around £120,851 median price is £121,000 Standard Deviation is £54,249 with Total Sold: 797
- The Last 5 Year average price is £163,531 with Total Sold: 145
- The most recent sale happened at this postcode is , 58 GROSVENOR COURT: £199,000 (Sold on 06 Sep 2024)
- The first recorded sale happened at this postcode is , 7 ELRICK CLOSE: £63,000 (Sold on 12 Jan 1995)
Semi-Detached
- The average price is around £126,977 median price is £134,500 Standard Deviation is £53,692 with Total Sold: 1,127
- The Last 5 Year average price is £174,427 with Total Sold: 229
- The most recent sale happened at this postcode is , 13 GLENWOOD WALK: £211,000 (Sold on 22 Aug 2024)
- The first recorded sale happened at this postcode is , 11 HORWOOD AVENUE: £67,000 (Sold on 17 Jan 1995)
Detached
- The average price is around £195,157 median price is £200,000 Standard Deviation is £80,319 with Total Sold: 324
- The Last 5 Year average price is £264,989 with Total Sold: 69
- The most recent sale happened at this postcode is , 8 GLEBE CLOSE: £335,000 (Sold on 07 Jun 2024)
- The first recorded sale happened at this postcode is , 106 GROSVENOR WAY: £102,000 (Sold on 06 Jan 1995)
Flat
- The average price is around £86,745 median price is £89,500 Standard Deviation is £43,262 with Total Sold: 148
- The Last 5 Year average price is £135,611 with Total Sold: 18
- The most recent sale happened at this postcode is , 32 ESHMERE CRESCENT: £123,000 (Sold on 12 Apr 2024)
- The first recorded sale happened at this postcode is , 50 ROSEDALE COURT: £34,500 (Sold on 08 Apr 1995)
Other
- The average price is around £568,020 median price is £135,750 Standard Deviation is £1,300,628 with Total Sold: 10
- The Last 5 Year average price is £92,240 with Total Sold: 5
- The most recent sale happened at this postcode is , 30 GLENWOOD WALK: £127,500 (Sold on 19 Feb 2024)
- The first recorded sale happened at this postcode is , CHAPEL HOUSE HEALTH CENTRE HILLHEAD PARKWAY: £4,465,000 (Sold on 07 Jul 2016)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£173,583	£2,789	6
2023	£183,222	£2,307	20
2022	£177,413	£2,143	30
2021	£162,289	£2,173	37
2020	£158,587	£1,948	28
2019	£134,938	£2,025	24
2018	£157,176	£2,075	25
2017	£156,148	£1,884	26
2016	£148,452	£1,990	32
2015	£131,480	£1,702	23
2014	£129,239	£1,772	22
2013	£116,500	£1,517	15
2012	£130,996	£1,750	25
2011	£136,079	£1,716	31
2010	£124,807	£1,624	15
2009	£131,996	£1,889	12
2008	£142,660	£1,801	15
2007	£148,489	£1,889	42
2006	£150,564	£1,804	32
2005	£163,409	£1,760	36
2004	£137,968	£1,744	44
2003	£114,383	£1,309	26
2002	£78,453	£1,059	35
2001	£61,177	£880	38
2000	£54,648	£763	33
1999	£54,375	£887	25
1998	£49,340	£739	21
1997	£47,861	£677	19
1996	£49,721	£734	33
1995	£50,415	£705	27

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£170,537	£1,924	18
2023	£172,141	£2,282	33
2022	£204,041	£2,586	40
2021	£179,577	£2,460	49
2020	£161,960	£2,110	47
2019	£157,628	£2,129	42
2018	£149,355	£2,012	52
2017	£156,188	£2,083	41
2016	£146,715	£2,071	35
2015	£155,393	£2,069	43
2014	£153,688	£1,991	29
2013	£133,996	£1,898	35
2012	£133,622	£1,759	29
2011	£135,764	£1,877	32
2010	£137,422	£1,825	20
2009	£135,596	£1,965	25
2008	£150,120	£2,027	22
2007	£160,663	£2,119	41
2006	£156,657	£1,743	48
2005	£153,628	£1,986	36
2004	£135,796	£1,746	36
2003	£99,139	£1,197	40
2002	£93,472	£1,153	49
2001	£73,439	£899	48
2000	£64,784	£734	40
1999	£61,496	£741	40
1998	£54,088	£768	47
1997	£58,151	£727	43
1996	£53,550	£740	26
1995	£55,667	£685	41

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£302,500		2
2023	£263,000	£2,824	9
2022	£343,444	£2,764	9
2021	£256,300	£2,563	20
2020	£246,400	£2,434	15
2019	£242,804	£2,378	14
2018	£216,994	£2,426	9
2017	£236,500	£2,700	12
2016	£214,646	£2,220	18
2015	£218,955	£2,020	11
2014	£214,472	£2,288	20
2013	£188,991	£1,917	11
2012	£191,417	£2,260	6
2011	£195,938	£2,077	8
2010	£195,167	£2,037	6
2009	£194,286	£1,844	7
2008	£236,407	£2,272	7
2007	£232,300	£2,533	13
2006	£214,797	£1,940	18
2005	£208,087	£2,221	11
2004	£212,628	£1,901	15
2003	£172,000	£1,760	5
2002	£131,429	£1,370	14
2001	£104,925	£982	6
2000	£106,385	£928	10
1999	£92,208	£677	12
1998	£73,500	£456	5
1997	£79,825	£701	6
1996	£73,052	£603	13
1995	£79,404	£712	12

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£190,500		2
2023	£139,750	£2,025	4
2022	£121,000	£2,095	4
2021	£127,000	£2,080	3
2020	£153,667	£1,812	3
2019	£87,500	£1,763	2
2018	£118,475	£1,999	2
2017	£72,238	£1,721	4
2016	£110,000	£1,901	3
2015	£93,600	£1,599	5
2014	£102,488	£1,621	4
2013	£89,417	£1,642	6
2012	£73,833	£1,817	3
2011	£66,988	£1,450	4
2010	£101,400	£1,761	5
2009	£96,719	£1,601	8
2008	£114,381	£2,180	9
2007	£109,000	£2,661	4
2006	£100,250	£2,326	6
2005	£109,075	£1,781	4
2004	£101,558	£1,732	12
2003	£86,606	£1,366	9
2002	£46,962	£933	4
2001	£47,725		2
2000	£49,742	£736	6
1999	£34,333	£810	9
1998	£33,844	£761	8
1997	£52,662	£682	4
1996	£64,000	£738	4
1995	£45,450	£646	5

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£127,500		1
2023	£2,700		1
2021	£102,500	£1,602	1
2020	£121,500	£1,960	1
2019	£107,000	£1,814	1
2018	£158,000	£2,218	3
2016	£2,372,500	£1,761	2

House Type in NE5 1RZ area

The most common house types in the NE5 1RZ postcode area are Detached (117), Semi-detached (8), and Flat (7).

Total	136
Detached	117
Semi-detached	8
Flat	7
Terraced	4
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (81), and Owned: Owns with a mortgage or loan (41).

Owned: Owns outright	81
Owned: Owns with a mortgage or loan	41
Social rented: Rents from council or Local Authority	7
Private rented: Private landlord or letting agency	4
Private rented: Other private rented	4
Social rented: Other social rented	1
Does not apply	0
Shared ownership: Shared ownership	0
Lives rent free	0

Number of People in a Household

The most houses in the NE5 1RZ have 2 people in household (59), and 1 person in household (31).

2 people in household	59
1 person in household	31
3 people in household	22
4 people in household	19
5 people in household	4
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0