Average House Prices in Tyne & Wear – Ashington Removals & Storage
Average House Prices in Tyne & Wear discussed by Ashington Removals & Storage
If you are looking to move to a new house, or buy your first home then it’s always a good idea to look at historical house prices as it will give you an idea of the areas that may be up and coming and where the prices may be more static. It really does depend on why you are moving a house as to how you use and digest this information. If you are looking to make money on a house then you should look at areas that are on the outskirts of popular areas that more people will want to move to if the prices in the area they want to live with are out of their price range. If you are looking to buy a new home for the area and schools for example then moving to an established area where it may have seen its dramatic increase in prices in years before then this shouldn’t be as much of your focus. You should always research why house prices have stayed static or increased so you are aware of the reasons and this will help you with your decision. At the end of the day, most properties will be an investment and you should always get a good survey done before you finalise your purchase to make sure you are aware of any work and to what extent it needs doing.
The information in this article is taken from different sources so the information and statistics will vary.
Many the sales in Tyne And Wear over the past year were semi-detached properties sold for £167,631 on average. Terraced properties had an average sale price of £148,861 with flats averaging £112,756.
The most expensive houses in Tyne And Wear were Cleadon averaging at £301,770 with the cheapest being Chilton Moor at £99,150.
(This information is taken from Rightmove)
The UK House Price Index summary October 2018 Data published 19th December 2018 stated:
- On average, house prices have fallen by 0.2% since September 2018
- There has been an annual price rise of 2.7%, which makes the average property in the UK valued at £231,095
UK House Price Index for October 2018 – Headline statistics for October 2018
– the average price of a property in the UK was £231,095
– the annual price change for a property in the UK was 2.7%
– the monthly price change for a property from September to October 2018 in the UK was 0.2%
Average house price by country and government office region
Price, monthly change and annual change by country and government office region
|Country and government office region||Price||Monthly change||Annual change|
|Northern Ireland (Quarter 3 – 2018)||£135,060||2.3%||4.8%|
|East of England||£294,548||0.5%||2.1%|
|West Midlands Region||£196,073||-1.1%||3.8%|
|Yorkshire and The Humber||£163,858||1.0%||4.4%|
- Average house prices in the UK increased by 2.7% in the year to October 2018 (down from 3.0% in September 2018)
- At the country level, the largest annual price growth was recorded in Scotland, increasing by 4.4% over the year to October 2018
- Wales saw house prices increase by 3.8% over the last 12 months
- In England, the average price increased by 2.4% over the year
- The average price in Northern Ireland increased by 4.8% over the year to quarter 3 (July to Sept) 2018
(This information is taken from the UK House Price Index)
Homeowners in the North East of England see house price rises outpace the rest of the country, with values increasing £1k a month
House price rises in the North East of England are outpacing those anywhere else in the country, new research has revealed.
The average asking price of properties put up for sale in the region has risen by 3.31 per cent since the beginning of the year, from an average of £182,321 to £188,851.
It means homeowners in the North East are hoping they have seen a rise of £1,000 a month in the value of their homes this year.
Zoopla has revealed how asking prices have changed around the country this year (When Zoopla mentions house prices in its findings, it is not referring to sold prices, it is defining the term as the asking prices, which appear on its website) –
- While asking prices are not necessarily an indication of what a property will actually sell for, they do highlight sentiment in local markets.
- Wales saw the second biggest house price boost, with prices up 1.4 per cent in the last six months. This was followed by London, which saw a modest rise of 0.75 per cent.
- By contrast, the worst performing region in Britain was South West England, which endured a decline in value of 2.51 per cent.
(This information is taken from the Mail Online 16th January 2019)
House Price Changes by Area in the North East in the last 12 months v the last 3 months
(Average House Prices are taken from Zoopla in January 2019, the Average House Prices paid detailed will depend on the number of houses and the sizes of these houses sold in the area at the particular time)
House Price Changes in Morpeth
Terraced Properties – £147,926 – £156,548
Semi-detached Properties – £173,392 – £185,589
Detached Properties – £309,123 – 333,016
House Price Changes in Blyth
Terraced Properties – £104,046 – £94,800
Semi-detached Properties – £124,490 – £129,966
Detached Properties – £203,699 – £202,523
House Price Changes in Cramlington
Terraced Properties – £112,670 – £107,217
Semi-detached Properties – £139,826 – £156,461
Detached Properties – £236,318 – £274,500
House Price Changes in Ponteland
Terraced Properties – £209,636 – No Data
Semi-detached Properties – £274,631 – £198,600 (only 5 houses sold in 9 months)
Detached Properties – £536,197 – £646,700
House Prices Changes in Tynemouth
Terraced Properties – £289,110 – £281,600
Semi-detached Properties – £400,595 – £359,000 (only 5 houses sold in 9 months)
Detached Properties – £408,000 – £320,00 (only 1 house sold in 9 months)
House Price Changes in Alnwick
Terraced Properties – £195,321 – £171,891 (only 8 houses sold in 9 months)
Semi-detached Properties – £172,696 – £200,000
Detached Properties – £288,643 – £322,250
House Price Changes in Whitley Bay
Terraced Properties – £219,401 – £234,989
Semi-detached Properties – £237,715 – £244,156
Detached Properties – £355,773 – £336,700 (only 15 houses sold in 9 months)
House Price Changes in Killingworth
Terraced Properties – £128,542 – £118,875 (only 6 houses sold in 9 months)
Semi-detached Properties – £154,070 – £162,998 (only 2 houses sold in 9 months)
Detached Properties – £322,303 – £311,875 (only 4 houses sold in 9 months)
House Price Changes in North Shields
Terraced Properties – £201,367 – £198,812
Semi-detached Properties – £218,401 – £242,001
Detached Properties – £297,256 – £243,177 (only 11 houses sold in 9 months)
House Price Changes in Newcastle Upon Tyne
Terraced Properties – £173,267 – £179,903
Semi-detached Properties – £183,167 – £183,167
Detached Properties – £328,690 – £352,050
House Price Changes in Gosforth
Terraced Properties – £307,424 – £351,184
Semi-detached Properties – £321,149 -£324,364
Detached Properties – £586,765 – £640,600 (only 8 houses sold in 9 months)
House Price Changes in Jesmond
Terraced Properties – £420,668 – £336,333 (only 3 houses sold in 9 months)
Semi-detached Properties – £346,773 – £370,000 (only 1 house sold in 9 months)
Detached Properties – £987,000 – £570,000 (only 1 house sold in 9 months)
House Price Changes in Monkseaton
Terraced Properties – £288,357 – £213,000 (only 2 houses sold in 9 months)
Semi-detached Properties – £291,525 – £303,167 (only 3 houses sold in 9 months)
Detached Properties – £365,500 – £247,500 only 2 houses sold in 9 months)
House Price Changes in Bedlington
2 Terraced Properties – £92,181 – £93,544
Semi-detached Properties – £118,685 – £118,685
Detached Properties – £229,103 – £250,325
If you are looking to move home in the North East then this article will give you some of the information you need to consider, however, the data will depend on the size of the houses sold, the exact roads or streets and the number of houses sold. We advise you to use Zoopla or a similar website to look at house prices in more depth when you are searching for your new home. You can search by area, street and postcode and see the individual houses that have been sold over a long time period along with the prices they sold for which is always a good thing to check.
Martyn works for Ashington Removals as a marketing specialist. He takes great pride in creating quality content for people looking for a removal company.