House prices in 'NE3 1', Gosforth

Price per square metre data and charts revealed. Latest statistics for the housing market in 'NE3 1' (Gosforth, Newcastle Upon Tyne) - calculated on 01 December 2025.

Defining 'NE3 1'

This analysis is limited to properties whose postcode starts with "NE3 1", this is also called the postcode sector. There are no official postcode sector names so I've just labelled it NE3 1, Gosforth. It is shown in red on the map below.

Want to change geography?

You can click on the map above to change to a neighbouring sector, or you can use the search form below.

Price per square metre

Knowing the average house price in NE3 1 is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

For example in October 2025, 127, Salters Road, Gosforth, NE3 1DU sold for £216,000. Given the internal area of 73 square metres recorded on the EPC, the price per sqm is £216,000 ÷ 73 sqm = £2,958.

England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-). It is a huge pain to code the automatic conversion for square meters to square feet for all the graphs and charts on NE3 1 and elsewhere. All the conditionals turn my tidy code for into spaghetti. I will get around to it at some point, but for now you can just divide everything by 10 in your head, move a decimal place and you'll be close enough. If you want to be more precise 1 sqm = 10.76391 sqft.

Distribution of £ per sqm for 'NE3 1' vs 'NE3'

The chart above is called a histogram, it helps you see the distribution of house price per sqm in NE3 1 To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £2,350 to £2,500, £2,500 to £2,650, £2,650 to £2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 300 sales that took place in NE3 1, Gosforth, Newcastle Upon Tyne in the last 24 months.

Generate a custom histogram like the one above but based on your own criteria.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

The spread of prices will give you a feel of the typical range to expect in NE3 1, Gosforth. Notably, only 25% of properties that sold recently were valued at more than £3,460 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of NE3 1 homes.

Box plot of £ per sqm for NE3 1

Tip: click on the chart to see the values.

The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. Gosforth. The chart above shows a boxplot for 'NE3 1' as well as the 'NE3' postcode district.

  • Median: The horizontal line inside the box represents the median (£ per square meter). This is the midpoint of the data, meaning 50% of the prices are below this value, and 50% are above. The middle price per square metre in 'NE3 1' is £2,980.
  • Interquartile Range (IQR): The box spans from the 25th percentile (Q1) to the 75th percentile (Q3). This is the range where the middle 50% of the data lies, giving a good indication of the typical price spread. Of the 300 transactions in NE3 1, Gosforth half were sold for between £2,410 and £3,460 per square metre.
  • Whiskers: In our case, the whiskers extend from the 9th percentile (at the lower end) to the 91st percentile (at the upper end), This provides a slightly broader view of the distribution by including the middle 82% of records. The whiskers capture most of the variation but exclude extreme outliers caused by data errors in recording sold house prices or internal area.
  • 'n=' is the number of property transactions the box plot is based on; 300 for NE3 1, Gosforth.

    • Property price map for Gosforth

    Have a look at the interactive price map I created for myself. Use it to explore 'NE3 1' house prices all the way down to individual property plots.

    Property price heatmap for Gosforth
    House price map for Gosforth

    Gosforth house price forecasting

    House prices in NE3 1 grew 2.6% in the last year, -1.3% after inflation. Whether or not this trend will continue depends on many factors, such as wage growth, net migration, interest rates and the level of house building. No one can predict these things with certainty however we can plot the historic trends in house prices in NE3 1 (Gosforth) compared with the wider postcode district of NE3.

    House price index for NE3 1

    Tip: click on the legend items to show/hide different lines

    Download house price index as CSV (premium users only).

    The chart above shows changes in 'NE3 1' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in NE3 1 and is set to 100 in 2004. I'm comparing the trends for NE3 1,Gosforth with the wider postcode district of NE3 What is more interesting is to look at the difference between flats and houses, even those in the same area follow a very different trend, to get a robust enough sample size to see this we need to zoom out and look at house price trends for the entire Newcastle upon Tyne local authority.

    The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:

    Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1
    In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.

    Historic returns for NE3 1
    NE3 1 sector NE3 district
    Nominal Real Nominal Real
    20 yr per annum 1.8% -0.9% 2.0% -0.8%
    20 yr total 44.3% -16.4% 47.3% -14.6%
    10 yr per annum 2.5% -0.6% 2.6% -0.5%
    10 yr total 28.4% -5.7% 29.5% -4.9%
    5 yr per annum 3.0% -1.5% 3.7% -0.8%
    5 yr total 16.0% -7.0% 19.9% -3.9%
    1 yr per annum 2.6% -1.3% 5.1% 1.2%
    1 yr total 2.6% -1.3% 5.1% 1.2%

    This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.

    The total rate of change represents the overall change over the entire period. The formula for total return is:

    Total return = (Index at end of period ÷ Index at start of period) - 1

    The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:

    CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1

    Some specific examples:

    • Over the past 20 years, NE3 1 sector have seen a -0.9% annual change when adjusted for inflation. This translates to a total change of -16.4% in real terms.
    • Over the past 5 years, NE3 district have seen a -0.8% annual change when adjusted for inflation. This translates to a total change of -3.9% in real terms.

    Most recent NE3 1 sales

    For the most recent sales activity, rather than a summarized average, it is better to see the underlying data. This is shown in the chart below, where blue dots represent individual sales, click on them to see details. If there is an obvious trend you should be able to spot it here amid the noise from outliers.

    Tip: hover over dots to see details

    Street level data

    Street Avg size Avg £sqm Recent sales
    High Street, Gosforth, NE3 1L 60 sqm £1,283 23
    Audley Road, Gosforth, NE3 1Q 72 sqm £2,845 23
    The Grove, Gosforth, NE3 1N 139 sqm £3,112 17
    Woodbine Road, Gosforth, NE3 1D 145 sqm £3,224 17
    Hyde Terrace, Gosforth, NE3 1A 80 sqm £2,748 16
    Grove Park Oval, Gosforth, NE3 1E 76 sqm £3,259 16
    Sandringham Road, Gosforth, NE3 1P 67 sqm £2,706 14
    Elsdon Road, Gosforth, NE3 1H 122 sqm £2,710 13

    Search for your street here.

    Nearby geographies

    The table below shows how 'NE3 1' compares to the other postcode sectors in NE3.

    Sector Lower quartile Median Upper quartile Sales in last 2yr
    NE7 7 Newcastle Upon Tyne £2,160 sqm £2,620 sqm £3,070 sqm 378
    NE3 5 Newcastle Upon Tyne £2,640 sqm £3,090 sqm £3,660 sqm 218
    NE3 4 Newcastle Upon Tyne £2,160 sqm £2,940 sqm £3,600 sqm 302
    NE3 3 Newcastle Upon Tyne £1,540 sqm £2,020 sqm £2,680 sqm 268
    NE3 2 Newcastle Upon Tyne £2,000 sqm £2,460 sqm £2,860 sqm 324
    NE3 1 Gosforth £2,410 sqm £2,980 sqm £3,460 sqm 300
    NE2 3 Newcastle Upon Tyne £2,680 sqm £3,080 sqm £3,570 sqm 156
    NE2 2 Newcastle Upon Tyne £2,790 sqm £3,320 sqm £3,840 sqm 140
    NE12 8 Newcastle Upon Tyne £1,820 sqm £2,200 sqm £2,650 sqm 255

    Raw data

    Our analysis of NE3 1 is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

    Address Paid sqm £/sqm
    127, Salters Rd, Gosforth, Newcastle Upon Tyne £216,000
    Oct-2025
    		 73 2,958
    29, Hyde Terrace, Gosforth, Newcastle Upon Tyne £250,000
    Oct-2025
    		 65 3,846
    Flat 21 Homedowne House, 238, High St, Gosforth, Newcastle Upon Tyne £55,000
    Oct-2025
    		 41 1,341

    See the entire list of all sales in NE3 1 here.

    About

    I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.