The average property value in Newcastle upon Tyne is £221,642 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 Newcastle upon Tyne grew by £21,475. Compare house prices by area
Average property prices in Newcastle upon Tyne grew by 10.7% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 2.5% per year.
If prices in Newcastle upon Tyne continue to rise by 2.5% a year, the average property price will be £244,732 in 2025.
There were 3,317 property sales in Newcastle upon Tyne in the year ending June 2021, an increase of 126 when compared to the previous year.
The average price for a house in Newcastle upon Tyne ranges from £210,345 for a terraced house to £342,535 for a detached house, with semi-detached in between costing on average £221,472.
The average price for a flat or maisonette in Newcastle upon Tyne is £148,610.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Newcastle upon Tyne, terraced house prices have risen the most between the years ending 2011 and 2021, and detached house prices have grown the least.
Detached house prices have risen 10.5% from £310,034 to £342,535, semi-detached house prices have risen 26.8% from £174,731 to £221,472, terraced house prices have risen 27.3% from £165,290 to £210,345, and flat prices have risen 18.3% from £125,619 to £148,610.
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The most common type of property sold in Newcastle upon Tyne during the year ending June 2021 was terraced houses, which accounted for 34.6% of properties.
The least commonly available type of property sold in Newcastle upon Tyne were detached houses, which account for 15.2% of properties sold.
Of the properties sold in Newcastle upon Tyne during 2021, 4.2% were new build properties.
The average price paid for a new build property in Newcastle upon Tyne was £97,961 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (75% of new build properties sold). For existing properties, the most common type is terraced houses (36% of existing properties sold).
The most common price band for property sales in Newcastle upon Tyne is £100k - £150k, which accounted for 15.2% of properties sold in 2021.
0.3% of properties in Newcastle upon Tyne had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Newcastle upon Tyne were in the under £50k price bracket, accounting for 0.9% 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