The average property value in North East England is £180,610 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 North East England grew by £12,621. Compare house prices by area
Average property prices in North East England grew by 7.5% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 2.4% per year.
If prices in North East England continue to rise by 2.4% a year, the average property price will be £198,850 in 2025.
The most expensive property values in North East England are found in Northumberland, and the cheapest property values are found in County Durham.
There were 33,667 property sales in North East England in the year ending June 2021, an increase of 1,453 when compared to the previous year.
The average price for a house in North East England ranges from £130,592 for a terraced house to £296,755 for a detached house, with semi-detached in between costing on average £163,788.
The average price for a flat or maisonette in North East England is £114,018.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in North East England, 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 23.9% from £239,499 to £296,755, semi-detached house prices have risen 21.0% from £135,415 to £163,788, terraced house prices have risen 17.9% from £110,750 to £130,592, and flat prices have risen 8.3% from £105,316 to £114,018.
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The most common type of property sold in North East England during the year ending June 2021 was semi-detached houses, which accounted for 34.7% of properties.
The least commonly available type of property sold in North East England were flats, which account for 8.2% of properties sold.
Of the properties sold in North East England during 2021, 1.7% were new build properties.
The average price paid for a new build property in North East England was £81,249 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (65% of new build properties sold). For existing properties, the most common type is terraced houses (35% of existing properties sold).
The most common price band for property sales in North East England is £100k - £150k, which accounted for 19.4% of properties sold in 2021.
0.2% of properties in North East England 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 North East England were in the under £50k price bracket, accounting for 3.0% of sales.
The cheapest property prices in North East England are found in County Durham, where the average cost of a property is £148,039. Between the years ending June 2020 and June 2021, property prices have changed by 5.1% in County Durham (compared to 7.5% in North East England)
Average property price
YoY change in price
|1|| County Durham |
|2|| Hartlepool |
|3|| Middlesbrough |
|4|| Redcar and Cleveland |
|5|| Darlington |
The most expensive property values in North East England are found in Northumberland, where the average property price is £236,210. Between the years ending June 2020 and June 2021, property prices have changed by 15.5% in Northumberland (compared to 7.5% in North East England)
Average Property Price
YoY CHANGE in PRICE
|1|| Northumberland |
|2|| Tyne and Wear |
|3|| Stockton-on-Tees |
|4|| Darlington |
|5|| Redcar and Cleveland |
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