By 📊 Newcastle upon Tyne Property Market Update
The average house price in Newcastle upon Tyne is approximately £205,000- up about 5.6% compared with £194,000 a year earlier. This growth was slightly below the wider North East’s average annual increase but still shows a positive trend in the local market.
In comparison, the UK average house price was roughly £271,000 over the same period - highlighting Newcastle’s continued relative affordability.
🏡 Property Prices by Type
Average prices by property type in Newcastle upon Tyne:
• Detached: ~£398,000
• Semi-detached: ~£235,000
• Terraced: ~£204,000
• Flats & Maisonettes: ~£128,000
This pattern is typical - larger family homes command higher prices, while terraces and flats remain more accessible for first-time buyers and investors.
💷 Rental Market Update
Average monthly private rent reached £1,179, which represented an annual rise of around 15.3% from about £1,022.
Average monthly rents by bedroom number:
• 1-bed: ~£789
• 2-bed: ~£975
• 3-bed: ~£1,156
• 4-bed+: ~£1,796
Taking property type into account, average monthly rents were approximately:
• Flats & Maisonettes: ~£963
• Terraced: ~£1,256
• Semi-detached: ~£1,222
• Detached: ~£1,649
These figures suggest strong rental growth locally, outpacing regional averages and supporting yield prospects for buy-to-let investors.
📌 Local Market Dynamics
• City Centre & NE1-NE2: Strong demand from professionals and students; good entry-level pricing.
• Gosforth & Jesmond: Higher average values; desirable for owner-occupiers and long-term investors.
• Fenham, Byker & Elswick: More affordable areas with solid rental demand.
• Western Suburbs (NE3–NE5): Family-oriented areas with steady buyer interest.
These areas continue to show consistent transaction activity and rental occupancy, underpinned by Newcastle’s employment base, educational hubs, and transport links.
🏠 Local Market Commentary
• House prices in Newcastle rose around 5.6% annually - a robust performance in the current market.
• Rents climbed sharply (~15.3%), outpacing both regional and national private rent growth.
• Newcastle remains significantly more affordable than the UK average, helping sustain demand from local buyers.
This combination of price growth and strong rental inflation underscores healthy fundamentals for both owner-occupiers and landlords.
💡 Thinking of Buying, Selling, Letting, or Investing in Newcastle?
Local insight is key when you want to:
• Identify the right neighbourhood opportunities
• Price your property competitively
• Maximise rental income or sales value
• Make informed decisions with real-world context
👉 Get in touch to talk about your Newcastle property goals.
Recent properties we’ve marketed in Newcastle include:
3 Bed Terraced House for sale - Hulne Terrace, Newcastle
Marketed £105,000
1 Bed Ground Floor Flat sold - Macdonald Road, Newcastle
Marketed £58,000
2 Bed Ground Floor Flat to rent - Croydon Road, Newcastle
Marketed £795 per month
📞 Speak to one of our investment specialists today
Share this with
Email
Facebook
Messenger
Twitter
Pinterest
LinkedIn
Copy this link