Housing Market Analysis for RAYLEIGH GROVE, NE8 4QQ

Are you looking to understand NE8 4QQ 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 4QQ area, explore the NE8 4QQ Area information page.
For comprehensive crime statistics in the NE8 4QQ area, explore the NE8 4QQ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE8 4QQ postcode area, The average prices are as follows,

Flat
- The average price is around £56,718 median price is £66,500 Standard Deviation is £24,170 with Total Sold: 36
- The Last 5 Year average price is £64,500 with Total Sold: 4
- The most recent sale happened at this postcode is 24 RAYLEIGH GROVE: £46,000 (Sold on 13 Jan 2023)
- The first recorded sale happened at this postcode is 24 RAYLEIGH GROVE: £72,000 (Sold on 07 Aug 2023)
Terraced
- The average price is around £105,550 median price is £116,125 Standard Deviation is £54,977 with Total Sold: 4
- The Last 5 Year average price is £136,125 with Total Sold: 2
- The most recent sale happened at this postcode is 14 - 16 RAYLEIGH GROVE: £170,000 (Sold on 08 Oct 2021)
- The first recorded sale happened at this postcode is 60 RAYLEIGH GROVE: £102,250 (Sold on 20 May 2024)
Other
- The average price is around £65,000 median price is £65,000 Standard Deviation is £0 with Total Sold: 1
- The Last 5 Year average price is £65,000 with Total Sold: 1
- The most recent sale happened at this postcode is 2 RAYLEIGH GROVE: £65,000 (Sold on 13 Mar 2023)
- The first recorded sale happened at this postcode is 2 RAYLEIGH GROVE: £65,000 (Sold on 13 Mar 2023)

Sold Price Trend Over the Years:

Below table and chart gives the average NE8 4QQ 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: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£63,333	£963	3
2019	£68,000	£961	1
2018	£65,000	£992	1
2017	£50,500	£770	1
2014	£68,250	£1,004	1
2011	£71,333	£1,028	3
2007	£79,500	£1,210	9
2006	£64,725	£1,005	2
2005	£57,000	£873	3
2004	£54,500	£850	4
2002	£23,983	£372	3
2000	£12,200	£191	1
1999	£18,000	£273	1
1997	£20,000	£306	1
1996	£10,500	£158	1
1995	£19,500	£292	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2021	£170,000	£1,172	1
2018	£130,000	£929	1
2002	£19,950	£301	1
2024	£102,250		1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£65,000	£1,083	1

All the Sales in the RAYLEIGH GROVE, NE8 4QQ

See the table below for more details on the sold house prices in the NE8 4QQ, Gateshead postcode.

Address	Sold Date	Price	% Change
24 RAYLEIGH GROVEFlat, LeaseholdArea: 69 Sq.mtrAge: 1900-1929	13 Jan 2023	£46,000	-22.69%
	07 Mar 2006	£59,500	-17.36%
	07 Aug 2023	£72,000	First Sale
14 - 16 RAYLEIGH GROVETerraced, FreeholdArea: 145 Sq.mtrAge: 1900-1929	08 Oct 2021	£170,000	First Sale
4 RAYLEIGH GROVEFlat, FreeholdArea: 70.74 Sq.mtrAge: 1900-1929	18 Jan 2019	£68,000	-11.69%
	30 Jun 2011	£77,000	1.32%
	15 Nov 2004	£76,000	First Sale
62 - 64 RAYLEIGH GROVETerraced, FreeholdArea: 140 Sq.mtrAge: 1930-1949	23 Feb 2018	£130,000	First Sale
55 RAYLEIGH GROVEFlat, LeaseholdArea: 65.55 Sq.mtrAge: 1900-1929	31 Jan 2018	£65,000	28.71%
	09 Jun 2017	£50,500	First Sale
56 RAYLEIGH GROVEFlat, LeaseholdArea: 68 Sq.mtrAge: before 1900	15 Oct 2014	£68,250	-18.26%
	30 Nov 2007	£83,500	43.97%
	21 Jan 2005	£58,000	First Sale
6 RAYLEIGH GROVEFlat, FreeholdArea: 61.39 Sq.mtrAge: before 1900	01 Apr 2011	£68,500	-20.35%
	08 Jun 2007	£86,000	First Sale
8 RAYLEIGH GROVEFlat, LeaseholdArea: 77.91 Sq.mtrAge: 1900-1929	01 Apr 2011	£68,500	-20.35%
	08 Jun 2007	£86,000	First Sale
30 RAYLEIGH GROVEFlat, LeaseholdArea: 66 Sq.mtrAge: 1900-1929	24 Jul 2007	£74,000	First Sale
28 RAYLEIGH GROVEFlat, FreeholdArea: 70.5 Sq.mtrAge: 1900-1929	23 May 2007	£81,000	First Sale
26 RAYLEIGH GROVEFlat, LeaseholdArea: 65.4 Sq.mtrAge: 1900-1929	23 May 2007	£81,000	47.27%
	28 Jan 2005	£55,000	175.00%
	11 Apr 1997	£20,000	First Sale
34 RAYLEIGH GROVEFlat, FreeholdArea: 57 Sq.mtrAge: 1900-1929	11 May 2007	£84,000	321.05%
	20 Sep 2002	£19,950	First Sale
36 RAYLEIGH GROVEFlat, LeaseholdArea: 66.38 Sq.mtrAge: 1930-1949	11 May 2007	£84,000	321.05%
	20 Sep 2002	£19,950	90.00%
	17 Oct 1996	£10,500	First Sale
32 RAYLEIGH GROVEFlat, LeaseholdArea: 68 Sq.mtrAge: 1900-1929	12 Feb 2007	£56,000	First Sale
22 RAYLEIGH GROVEFlat, LeaseholdArea: 61 Sq.mtrAge: 1900-1929	21 Jul 2006	£69,950	39.90%
	28 Oct 2004	£50,000	-30.56%
	07 Aug 2023	£72,000	First Sale
54 RAYLEIGH GROVEFlat, LeaseholdArea: 64 Sq.mtrAge: 1900-1929	21 Jan 2005	£58,000	375.41%
	01 Dec 2000	£12,200	First Sale
2 RAYLEIGH GROVEFlat, LeaseholdArea: 60 Sq.mtrAge: 1900-1929	20 Aug 2004	£74,000	13.85%
	13 Mar 2023	£65,000	First Sale
12 RAYLEIGH GROVEFlat, FreeholdArea: 66 Sq.mtrAge: 1900-1929	26 Apr 2004	£18,000	0.0
	18 Jun 1999	£18,000	First Sale
42 RAYLEIGH GROVEFlat, FreeholdArea: 69.14 Sq.mtrAge: before 1900	11 Oct 2002	£26,000	First Sale
44 RAYLEIGH GROVEFlat, LeaseholdArea: 66.72 Sq.mtrAge: 1930-1949	11 Oct 2002	£26,000	33.33%
	21 Jul 1995	£19,500	First Sale
60 RAYLEIGH GROVETerraced, Freehold	20 May 2024	£102,250	First Sale

Check out the sold house prices near the NE8 4QQ postcode. Properties currently for saleProperties currently for rent

RAYLEIGH GROVE, NE8 4QQ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE8 4QQ 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 4QQ postcode.

Terraced
- The average price is around £90,012 median price is £80,000 Standard Deviation is £57,197 with Total Sold: 1,528
- The Last 5 Year average price is £138,476 with Total Sold: 232
- The most recent sale happened at this postcode is , 263 EASTBOURNE AVENUE: £192,500 (Sold on 20 Sep 2024)
- The first recorded sale happened at this postcode is , 5 FIELD HOUSE ROAD: £23,500 (Sold on 31 Jan 1995)
Semi-Detached
- The average price is around £103,269 median price is £100,000 Standard Deviation is £50,649 with Total Sold: 383
- The Last 5 Year average price is £154,086 with Total Sold: 90
- The most recent sale happened at this postcode is , 13 HUXLEY CRESCENT: £153,000 (Sold on 06 Aug 2024)
- The first recorded sale happened at this postcode is , 130 FERN DENE ROAD: £30,000 (Sold on 12 Jan 1995)
Flat
- The average price is around £55,098 median price is £56,500 Standard Deviation is £33,594 with Total Sold: 3,719
- The Last 5 Year average price is £82,219 with Total Sold: 430
- 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 , 24 BALFOUR STREET: £16,000 (Sold on 04 Jan 1995)
Other
- The average price is around £150,077 median price is £85,000 Standard Deviation is £625,176 with Total Sold: 171
- The Last 5 Year average price is £177,478 with Total Sold: 114
- The most recent sale happened at this postcode is , 92 FARADAY GROVE: £135,000 (Sold on 07 Mar 2024)
- The first recorded sale happened at this postcode is , 407 BRIGHTON ROAD: £59,000 (Sold on 30 Aug 2013)
Detached
- The average price is around £173,589 median price is £184,995 Standard Deviation is £65,376 with Total Sold: 42
- The Last 5 Year average price is £209,173 with Total Sold: 17
- The most recent sale happened at this postcode is , 12 DUNSMUIR GROVE: £270,000 (Sold on 08 Dec 2023)
- The first recorded sale happened at this postcode is , 353 RAWLING ROAD: £57,000 (Sold on 01 Apr 1999)

Sold Price Trend Over the Years:

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£162,693	£1,367	22
2023	£143,347	£1,418	53
2022	£141,566	£1,470	53
2021	£132,836	£1,267	39
2020	£125,988	£1,238	30
2019	£128,185	£1,179	35
2018	£135,477	£1,295	59
2017	£137,018	£1,223	47
2016	£135,948	£1,273	93
2015	£114,127	£1,068	26
2014	£115,177	£1,050	32
2013	£108,967	£1,139	23
2012	£107,616	£1,049	22
2011	£94,991	£973	34
2010	£106,728	£1,140	36
2009	£98,116	£991	19
2008	£96,388	£1,069	39
2007	£124,290	£1,283	62
2006	£112,345	£1,243	71
2005	£91,385	£1,082	83
2004	£78,511	£1,090	115
2003	£58,758	£685	125
2002	£39,091	£442	108
2001	£35,919	£395	71
2000	£33,873	£329	56
1999	£33,097	£314	56
1998	£31,040	£313	29
1997	£34,055	£306	31
1996	£34,429	£342	38
1995	£32,655	£293	21

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£147,675		4
2023	£152,700	£1,767	10
2022	£168,125	£1,919	14
2021	£164,052	£1,552	19
2020	£137,411	£1,539	30
2019	£165,923	£1,772	13
2018	£115,709	£1,313	11
2017	£110,946	£1,391	11
2016	£129,577	£1,418	13
2015	£95,579	£1,273	12
2014	£105,750	£1,371	8
2013	£96,682	£1,237	11
2012	£99,770	£1,204	10
2011	£88,075	£1,177	4
2010	£103,250	£1,256	4
2009	£111,828	£1,280	9
2008	£116,527	£1,228	11
2007	£122,318	£1,453	28
2006	£112,258	£1,429	19
2005	£104,423	£1,394	13
2004	£88,848	£1,112	27
2003	£76,837	£821	19
2002	£51,969	£694	11
2001	£46,205	£560	10
2000	£42,656	£346	9
1999	£45,727	£597	11
1998	£41,521	£452	14
1997	£43,772	£538	9
1996	£37,612	£419	10
1995	£39,217	£483	9

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£79,135	£1,120	17
2023	£80,944	£1,198	102
2022	£96,212	£1,375	113
2021	£82,025	£1,152	92
2020	£69,783	£946	45
2019	£68,756	£920	61
2018	£72,170	£1,002	68
2017	£71,707	£962	103
2016	£70,274	£980	62
2015	£67,479	£906	82
2014	£66,324	£951	68
2013	£71,246	£1,022	48
2012	£65,288	£903	39
2011	£68,012	£935	54
2010	£68,437	£1,067	51
2009	£68,387	£1,068	50
2008	£80,114	£1,155	117
2007	£84,832	£1,244	321
2006	£72,043	£1,045	244
2005	£65,235	£945	309
2004	£55,354	£804	365
2003	£37,316	£544	299
2002	£24,038	£361	195
2001	£19,614	£291	124
2000	£19,251	£275	125
1999	£17,682	£257	113
1998	£18,786	£264	126
1997	£20,888	£323	110
1996	£20,013	£289	117
1995	£21,027	£309	99

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£135,000	£1,776	1
2023	£146,070	£1,750	27
2022	£106,994	£1,425	26
2021	£93,369	£1,336	26
2020	£448,350	£8,420	22
2019	£90,042	£932	12
2018	£91,066	£1,263	20
2017	£107,972	£1,319	18
2016	£86,984	£1,107	16
2015	£105,000		1
2014	£110,000	£1,618	1
2013	£59,000	£967	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£252,000	£2,229	2
2022	£186,000	£1,860	1
2021	£206,303	£1,824	13
2020	£183,995	£1,878	1
2017	£173,982	£1,741	3
2016	£131,000	£1,679	1
2015	£94,000	£1,205	1
2013	£235,000	£1,199	1
2010	£179,975	£2,049	2
2009	£155,000		1
2006	£168,000	£1,348	5
2005	£179,975	£1,586	2
2004	£215,000	£1,160	2
2003	£59,500		2
2002	£102,000	£919	2
1999	£94,983	£511	3

House Type in NE8 4QQ area

The most common house types in the NE8 4QQ postcode area are Flat (112), Terraced (30), and Shared house (26).

Total	176
Flat	112
Terraced	30
Shared house	26
Semi-detached	5
converted building	2
Detached	1
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (69), and Social rented: Other social rented (39).

Private rented: Private landlord or letting agency	69
Social rented: Other social rented	39
Owned: Owns outright	32
Owned: Owns with a mortgage or loan	23
Private rented: Other private rented	7
Social rented: Rents from council or Local Authority	6
Lives rent free	2
Does not apply	0
Shared ownership: Shared ownership	0

Number of People in a Household

The most houses in the NE8 4QQ have 1 person in household (75), and 2 people in household (64).

1 person in household	75
2 people in household	64
3 people in household	15
4 people in household	11
5 people in household	7
6 people in household	1
8 or more people in household	1
0 people in household	0
7 people in household	0