House prices in NE12 7 (Newcastle Upon Tyne)

This article reveals price per square metre data and various charts to help you understand current housing market in 'NE12 7' (Newcastle Upon Tyne) - statistics were last calculated on 31 July 2024.

Defining 'NE12 7'

This analysis is limited to properties whose postcode starts with "NE12 7", this is also called the postcode sector. It is shown in red on the map above. There are no official names for postcode sectors so I've just labelled it Newcastle Upon Tyne.

You can click on the map labels to change to a neighbouring sector, or you can enter a different postcode sector (e.g. CM23 4) below.

FYI, a postcode sector is the full postcode without the last two letters.

Price per square metre

Knowing the average house price in Newcastle Upon Tyne 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
E.g. 15, Regents Court, Newcastle Upon Tyne, sold for £80,000 on Jun-2024. Given the internal area of 52 square metres, the price per sqm is £1,538.

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 ;-) They may want to convert square meters on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,350-£2,500, £2,500-£2,650, £2,650-£2,800 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 145 sales in Newcastle Upon Tyne (NE12 7) that took place in the last two years.

Distribution of £ per sqm for Newcastle Upon Tyne
Distribution of £ per sqm house prices in Newcastle Upon Tyne

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 Newcastle Upon Tyne (NE12 7). Of the 145 transactions, half were sold for between £1,850 and £2,860 per square metre. The median, or 'middle', price per square metre in 'NE12 7' is £2,310. Notably, only 25% of properties that sold recently were valued at more than £2,860 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

Price map for Newcastle Upon Tyne

Do have a look at the interactive price map I created. I find it useful and I am sure it will help you in exploring Newcastle Upon Tyne. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values.

House price heatmap for Newcastle Upon Tyne

Comparison with neighbouring postcode sectors

The table below shows how 'NE12 7' compares to neighbouring postcode sectors.

Postcode sector Lower quartile Middle quartile Upper quartile
NE12 7 Newcastle Upon Tyne £1,850 sqm £2,310 sqm £2,860 sqm
NE12 8 Newcastle Upon Tyne £1,700 sqm £2,070 sqm £2,540 sqm
NE12 5 Killingworth £1,480 sqm £1,970 sqm £2,670 sqm
NE12 6 Killingworth £1,470 sqm £1,930 sqm £2,660 sqm
NE12 9 Newcastle Upon Tyne £1,800 sqm £2,320 sqm £2,730 sqm

Will Newcastle Upon Tyne house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the chart below for NE12 7 (Newcastle Upon Tyne) compared with both the wider area NE12 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Historic price per square metre in Newcastle Upon Tyne,Newcastle Upon Tyne
House price trends for Newcastle Upon Tyne

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.

Most recent NE12 7 sales
Recent trends for Newcastle Upon Tyne

Data from Land Registry comes in gradually over time. I update it every month but it takes about 5 months for the majority of sales for Newcastle Upon Tyne to be recorded. Disclaimer: I do not verify and cannot guarantee the accuracy of any data shown. Outliers exist in the data, typically these are where the EPC registry records the internal area incorrectly, sometimes although very rarely the Land Registry price paid data can be wrong. The data provided throughout this website about Newcastle Upon Tyne and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information.

Street level data

Street Avg size Avg £sqm Recent sales
Hawks Edge, Newcastle Upon Tyne, NE12 7D 87 sqm £1,825 30
Northfield Drive, Newcastle Upon Tyne, NE12 7E 102 sqm £2,440 16
Victoria Court, Newcastle Upon Tyne, NE12 7P 63 sqm £2,358 14
Westmoor Drive, Newcastle Upon Tyne, NE12 7N 86 sqm £2,172 13
Glebe Crescent, Newcastle Upon Tyne, NE12 7J 71 sqm £1,930 10
Whitecroft Road, Newcastle Upon Tyne, NE12 7E 90 sqm £2,644 10
Leybourne Avenue, Newcastle Upon Tyne, NE12 7A 96 sqm £2,220 9
Myrtle Crescent, Newcastle Upon Tyne, NE12 7N 77 sqm £1,571 9

New build activity

Street Avg size Avg £sqm New build sales
Stable Close, Newcastle Upon Tyne, NE12 7B 126 sqm £2,812 9

Stable Close, Newcastle Upon Tyne, NE12 7B has seen 9 new build sales in the last 4 years (average price £351,869). These new build homes typically have an internal area of 126 sqm, with an average price of £2,812 sqm. This £sqm average is £502 above the average for NE12 7. New builds typically command a £ per sqm premium so this is normal.

Raw data

Our analysis of Newcastle Upon Tyne 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.