Housing Market Analysis for RICHMOND TERRACE, NE8 1RN

Are you looking to understand NE8 1RN 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 NE8 1RN area, explore the NE8 1RN Area information page.
For comprehensive crime statistics in the NE8 1RN area, explore the NE8 1RN Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE8 1RN postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £203,222 median price is £205,000 Standard Deviation is £90,669 with Total Sold: 9
    • The Last 5 Year average price is £360,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 2 RICHMOND TERRACE: £360,000 (Sold on 20 Mar 2020)
    • The first recorded sale happened at this postcode is 12 RICHMOND TERRACE: £85,000 (Sold on 08 Aug 1996)
  • Flat
    • The average price is around £62,000 median price is £70,000 Standard Deviation is £30,075 with Total Sold: 4
    • The most recent sale happened at this postcode is 7A RICHMOND TERRACE: £95,000 (Sold on 22 Nov 2005)
    • The first recorded sale happened at this postcode is 7A RICHMOND TERRACE: £13,000 (Sold on 29 May 1998)
  • Detached
    • The average price is around £95,000 median price is £95,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 7 RICHMOND TERRACE: £95,000 (Sold on 22 Nov 2005)
    • The first recorded sale happened at this postcode is 7 RICHMOND TERRACE: £95,000 (Sold on 22 Nov 2005)

Sold Price Trend Over the Years:

Below table and chart gives the average NE8 1RN 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
2020£360,000 £1,401 1
2018£240,0001
2016£150,000 £1,087 1
2015£233,333 £1,159 3
2010£235,000 £1,088 1
1998£59,0001
1996£85,000 £362 1
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2005£78,333 £1,083 3
1998£13,000 £171 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2005£95,0001

All the Sales in the RICHMOND TERRACE, NE8 1RN

See the table below for more details on the sold house prices in the NE8 1RN, Gateshead postcode.

AddressSold DatePrice% Change
2 RICHMOND TERRACETerraced, FreeholdArea: 257 Sq.mtrAge: 1900-192920 Mar 2020£360,000First Sale
7 RICHMOND TERRACETerraced, Freehold23 Jul 2018£240,000152.63%
22 Nov 2005£95,00035.71%
18 Nov 2005£70,000First Sale
10 RICHMOND TERRACETerraced, FreeholdArea: 138 Sq.mtrAge: 1900-192921 Apr 2016£150,000First Sale
12 RICHMOND TERRACETerraced, FreeholdArea: 235 Sq.mtrAge: before 190001 Dec 2015£300,000252.94%
08 Aug 1996£85,000First Sale
5 RICHMOND TERRACETerraced, Freehold11 Sep 2015£195,000First Sale
6 RICHMOND TERRACETerraced, FreeholdArea: 197 Sq.mtrAge: 1900-192916 Jun 2015£205,000First Sale
3 RICHMOND TERRACETerraced, FreeholdArea: 216 Sq.mtrAge: 1900-192926 Mar 2010£235,000First Sale
7A RICHMOND TERRACEFlat, FreeholdArea: 76.2 Sq.mtrAge: 1900-192922 Nov 2005£95,00035.71%
18 Nov 2005£70,000438.46%
29 May 1998£13,000First Sale
8 RICHMOND TERRACETerraced, Freehold23 Jun 1998£59,000First Sale

Check out the sold house prices near the NE8 1RN postcode. Properties currently for saleProperties currently for rent

RICHMOND TERRACE, NE8 1RN Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE8 1RN 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 NE8 1RN postcode.

  • Terraced
    • The average price is around £104,179 median price is £92,250 Standard Deviation is £66,569 with Total Sold: 2,044
    • The Last 5 Year average price is £153,921 with Total Sold: 336
    • The most recent sale happened at this postcode is , 29 DENMARK STREET: £121,500 (Sold on 19 Sep 2024)
    • The first recorded sale happened at this postcode is , 57 DURHAM ROAD: £45,000 (Sold on 12 Jan 1995)
  • Semi-Detached
    • The average price is around £110,910 median price is £90,550 Standard Deviation is £82,613 with Total Sold: 134
    • The Last 5 Year average price is £225,929 with Total Sold: 7
    • The most recent sale happened at this postcode is , 154 PRINCE CONSORT ROAD: £285,000 (Sold on 30 Aug 2024)
    • The first recorded sale happened at this postcode is , 49 WINDERMERE STREET WEST: £64,500 (Sold on 12 Jan 1995)
  • Flat
    • The average price is around £58,024 median price is £59,000 Standard Deviation is £35,683 with Total Sold: 3,137
    • The Last 5 Year average price is £84,303 with Total Sold: 395
    • The most recent sale happened at this postcode is , 39 WESTBOURNE AVENUE: £86,000 (Sold on 24 Jun 2024)
    • The first recorded sale happened at this postcode is , 40 : £14,000 (Sold on 03 Jan 1995)
  • Other
    • The average price is around £199,859 median price is £100,000 Standard Deviation is £645,518 with Total Sold: 173
    • The Last 5 Year average price is £229,061 with Total Sold: 113
    • The most recent sale happened at this postcode is , 66 RIPON STREET: £55,000 (Sold on 10 Apr 2024)
    • The first recorded sale happened at this postcode is , 15 BEWICK ROAD: £1,250,000 (Sold on 06 Jun 2014)
  • Detached
    • The average price is around £171,509 median price is £170,000 Standard Deviation is £75,511 with Total Sold: 39
    • The Last 5 Year average price is £239,583 with Total Sold: 6
    • The most recent sale happened at this postcode is , 11 BARRINGTON PLACE: £350,000 (Sold on 22 Mar 2024)
    • The first recorded sale happened at this postcode is , 245 PRINCE CONSORT ROAD: £100,000 (Sold on 31 May 1996)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£174,123 £1,316 31
2023£165,157 £1,456 65
2022£157,911 £1,338 67
2021£154,002 £1,306 62
2020£143,735 £1,097 57
2019£134,507 £1,131 54
2018£149,993 £1,256 47
2017£154,044 £1,194 73
2016£140,262 £1,162 65
2015£148,622 £1,172 52
2014£144,427 £1,087 62
2013£127,443 £1,055 38
2012£142,074 £1,117 37
2011£117,523 £991 53
2010£138,797 £1,170 57
2009£116,683 £910 39
2008£140,360 £1,081 52
2007£128,262 £1,179 85
2006£126,551 £1,183 90
2005£121,018 £1,077 102
2004£102,798 £1,094 140
2003£68,139 £652 132
2002£44,876 £434 125
2001£39,703 £375 73
2000£42,463 £359 75
1999£37,132 £306 76
1998£36,085 £299 64
1997£34,044 £239 60
1996£38,943 £304 73
1995£34,463 £273 38
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£285,0001
2023£480,000 £1,605 1
2022£300,000 £1,676 1
2021£130,500 £1,434 3
2019£125,000 £1,016 1
2018£157,950 £1,225 5
2017£98,500 £1,759 1
2016£208,250 £2,665 2
2014£240,000 £1,143 1
2013£93,333 £1,087 3
2012£145,000 £1,125 2
2011£215,000 £2,641 3
2010£160,500 £1,170 2
2009£117,500 £976 2
2008£130,000 £1,026 5
2007£178,106 £1,186 16
2006£162,286 £1,085 7
2005£127,980 £1,121 7
2004£106,412 £877 12
2003£82,568 £678 11
2002£63,750 £1,267 4
2001£54,310 £659 10
2000£40,969 £380 8
1999£31,917 £282 6
1998£43,4884
1997£41,733 £341 9
1996£57,833 £291 3
1995£51,875 £457 4
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£94,059 £1,445 22
2023£82,257 £1,219 80
2022£98,049 £1,408 100
2021£84,351 £1,126 73
2020£73,492 £963 54
2019£71,495 £981 66
2018£75,404 £1,059 68
2017£76,464 £1,050 86
2016£71,182 £1,020 58
2015£70,525 £942 80
2014£68,939 £989 78
2013£73,477 £1,046 46
2012£69,195 £952 36
2011£74,540 £1,005 45
2010£70,007 £1,033 35
2009£67,499 £1,009 40
2008£86,413 £1,252 96
2007£87,783 £1,236 230
2006£78,954 £1,144 213
2005£69,744 £968 250
2004£59,722 £840 256
2003£38,507 £567 255
2002£29,387 £459 158
2001£21,907 £324 119
2000£21,464 £301 115
1999£20,811 £281 98
1998£19,329 £272 106
1997£20,811 £290 87
1996£21,679 £282 94
1995£21,426 £315 93
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£99,737 £1,674 8
2023£147,098 £1,891 20
2022£130,792 £1,704 20
2021£193,880 £1,309 22
2020£492,728 £8,028 23
2019£196,503 £1,258 20
2018£108,053 £1,566 17
2017£148,575 £1,642 22
2016£96,839 £1,278 14
2015£154,100 £1,214 5
2014£730,0002
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£350,000 £2,823 1
2023£250,000 £1,689 1
2022£220,000 £1,279 1
2021£183,750 £1,375 2
2019£250,000 £1,020 1
2018£210,000 £1,148 1
2017£236,500 £1,875 2
2016£250,0001
2011£98,500 £1,151 1
2009£155,0001
2008£170,0001
2007£225,333 £1,187 3
2006£125,800 £978 5
2005£136,790 £1,188 5
2004£204,567 £1,075 6
2003£95,833 £802 3
2001£100,0001
1998£86,000 £417 1
1997£105,0001
1996£100,0001

House Type in NE8 1RN area

The most common house types in the NE8 1RN postcode area are Terraced (86), Shared house (3), and Semi-detached (2).

Total93
Terraced86
Shared house3
Semi-detached2
converted building1
commercial building1
Detached0
Flat0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (45), and Owned: Owns with a mortgage or loan (33).

Owned: Owns outright45
Owned: Owns with a mortgage or loan33
Private rented: Private landlord or letting agency11
Private rented: Other private rented2
Social rented: Other social rented1
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Lives rent free0

Number of People in a Household

The most houses in the NE8 1RN have 8 or more people in household (21), and 2 people in household (16).

8 or more people in household21
2 people in household16
1 person in household11
3 people in household10
4 people in household10
7 people in household9
5 people in household8
6 people in household8
0 people in household0