House prices in NE2 1 (Newcastle Upon Tyne)

This article reveals price per square metre data and various charts to help you understand current housing market in 'NE2 1' (Newcastle Upon Tyne) - statistics were last calculated on 30 August 2024.

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Defining 'NE2 1'

This analysis is limited to properties whose postcode starts with "NE2 1", 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 to change sector, or you can enter a different postcode sector (e.g. CM23 4) below.

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Change sector

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. 36, Rosebery Crescent, Newcastle Upon Tyne, sold for £420,000 on Jul-2024. Given the internal area of 133 square metres, the price per sqm is £3,157.

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. £3,700-£4,000, £4,000-£4,300, £4,300-£4,600 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 113 sales in Newcastle Upon Tyne (NE2 1) that took place in the last two years.

Generate a custom chart 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 Newcastle Upon Tyne (NE2 1). Of the 113 transactions, half were sold for between £2,120 and £2,930 per square metre. The median, or 'middle', price per square metre in 'NE2 1' is £2,550. Notably, only 25% of properties that sold recently were valued at more than £2,930 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 'NE2 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
NE2 3 Newcastle Upon Tyne	£2,790 sqm	£3,210 sqm	£3,680 sqm
NE2 4 Newcastle Upon Tyne	£2,320 sqm	£2,590 sqm	£3,180 sqm
NE2 1 Newcastle Upon Tyne	£2,120 sqm	£2,550 sqm	£2,930 sqm
NE2 2 Newcastle Upon Tyne	£2,620 sqm	£3,200 sqm	£3,740 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 NE2 1 (Newcastle Upon Tyne) compared with both the wider area NE2 and inflation (CPIH from the Office of National Statistics). The dashed trend lines in the chart show the average over time.

Download time series data as CSV (paying users only).

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.

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
Sandyford Park, Newcastle Upon Tyne, NE2 1T	51 sqm	£2,303	17
Akenside Terrace, Newcastle Upon Tyne, NE2 1T	94 sqm	£2,684	16
Helmsley Road, Newcastle Upon Tyne, NE2 1R	76 sqm	£2,234	15
Osborne Avenue, Newcastle Upon Tyne, NE2 1L	82 sqm	£2,510	14
Wolseley Gardens, Newcastle Upon Tyne, NE2 1H	74 sqm	£2,476	11
Sandyford Road, Newcastle Upon Tyne, NE2 1X	54 sqm	£1,625	11
Deneside Court, Newcastle Upon Tyne, NE2 1J	50 sqm	£2,535	10
Salisbury Gardens, Newcastle Upon Tyne, NE2 1H	128 sqm	£3,005	9

Search for your street here.

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.

Address	Paid	sqm	£/sqm
36, Rosebery Crescent, Newcastle Upon Tyne	£420,000 Jul-2024	133	3,157
Flat 1 Sterling House, 3, Osborne Terrace, Newcastle Upon Tyne	£190,000 Jul-2024	91	2,087
11, Sandyford Park, Newcastle Upon Tyne	£67,500 Jun-2024	41	1,646

See the entire list of all sales in Newcastle Upon Tyne (NE2 1) here.