The average property value in Gateshead is £172,731 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Gateshead grew by £13,381. Compare house prices by area
Average property prices in Gateshead grew by 8.4% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 2.7% per year.
If prices in Gateshead continue to rise by 2.7% a year, the average property price will be £192,508 in 2025.
There were 2,318 property sales in Gateshead in the year ending June 2021, an increase of 134 when compared to the previous year.
The average price for a house in Gateshead ranges from £141,553 for a terraced house to £299,742 for a detached house, with semi-detached in between costing on average £171,471.
The average price for a flat or maisonette in Gateshead is £98,414.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Gateshead, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 33.9% from £223,925 to £299,742, semi-detached house prices have risen 24.0% from £138,231 to £171,471, terraced house prices have risen 21.5% from £116,551 to £141,553, and flat prices have risen 11.1% from £88,588 to £98,414.
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The most common type of property sold in Gateshead during the year ending June 2021 was semi-detached houses, which accounted for 36.2% of properties.
The least commonly available type of property sold in Gateshead were flats, which account for 13.9% of properties sold.
Of the properties sold in Gateshead during 2021, 0.7% were new build properties.
The average price paid for a new build property in Gateshead was £57,398 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was terraced houses (40% of new build properties sold). For existing properties, the most common type is semi-detached houses (35% of existing properties sold).
The most common price band for property sales in Gateshead is £100k - £150k, which accounted for 18.9% of properties sold in 2021.
The cheapest properties in Gateshead were in the under £50k price bracket, accounting for 1.3% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics