The average property value in North Tyneside is £204,581 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 Tyneside grew by £8,468. Compare house prices by area
Average property prices in North Tyneside grew by 4.3% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 2.9% per year.
If prices in North Tyneside continue to rise by 2.9% a year, the average property price will be £229,087 in 2025.
There were 3,066 property sales in North Tyneside in the year ending June 2021, an increase of 170 when compared to the previous year.
The average price for a house in North Tyneside ranges from £194,092 for a terraced house to £305,591 for a detached house, with semi-detached in between costing on average £209,466.
The average price for a flat or maisonette in North Tyneside is £124,938.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in North Tyneside, terraced 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 28.2% from £238,387 to £305,591, semi-detached house prices have risen 29.7% from £161,441 to £209,466, terraced house prices have risen 30.8% from £148,397 to £194,092, and flat prices have risen 24.8% from £100,115 to £124,938.
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The most common type of property sold in North Tyneside during the year ending June 2021 was semi-detached houses, which accounted for 32.9% of properties.
The least commonly available type of property sold in North Tyneside were detached houses, which account for 16.1% of properties sold.
Of the properties sold in North Tyneside during 2021, 2.0% were new build properties.
The average price paid for a new build property in North Tyneside was £23,747 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (53% of new build properties sold). For existing properties, the most common type is terraced houses (34% of existing properties sold).
The most common price band for property sales in North Tyneside is £100k - £150k, which accounted for 16.2% of properties sold in 2021.
The cheapest properties in North Tyneside were in the under £50k price bracket, accounting for 0.5% 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