Analysis of recent property sales -- official HM Land Registry data
The average house price in NE23 (NE23 1AE) is £194,971, based on 383 transactions recorded by HM Land Registry. The median price is £174,950, giving a price range from £6,950 to £800,000.
| Date | Price | Type | Area |
|---|---|---|---|
| 2026-01-30 | £145,000 | T | 83.0 m² |
| 2026-01-23 | £259,000 | S | 98.0 m² |
| 2026-01-23 | £91,000 | T | 75.0 m² |
| 2026-01-21 | £94,000 | T | 86.0 m² |
| 2026-01-15 | £204,000 | S | 74.0 m² |
Standard residential rates for primary residence. Does not include surcharges for additional properties or non-UK residents.
Market Overview: NE23
NE23 saw 383 residential sales complete over the twelve-month window, a busy level of activity that makes the local price benchmarks more reliable than in thinner markets. Individual sales ranged from £7k to £800k, which is a normal spread for a postcode of this size.
No single property type dominates — terraced houses led with 34% but the mix is diverse, while semi-detached houses accounted for 31% and detached houses accounted for 24%.
The twelve-month trend is softer than it was: the median in the second half of the window was 6.6% below the first-half median. Monthly volume was fairly consistent, giving the trend line a reliable shape.
Liquidity in NE23 1AE is healthy: the high sale count makes it easier to benchmark a specific property against genuinely recent comparables rather than extrapolating from older deals. On the rental side, the estimated gross yield on a median-priced property here is around 12.3%, based on ONS regional rents.