Analysis of recent property sales -- official HM Land Registry data
The average house price in NE31 (NE31 1AA) is £171,038, based on 45 transactions recorded by HM Land Registry. The median price is £145,000, giving a price range from £45,000 to £412,500.
| Date | Price | Type | Area |
|---|---|---|---|
| 2026-01-23 | £120,000 | T | 79.0 m² |
| 2026-01-16 | £96,500 | F | 58.0 m² |
| 2026-01-12 | £100,000 | F | 56.0 m² |
| 2026-01-09 | £210,000 | D | 72.0 m² |
| 2026-01-09 | £140,000 | S | 85.0 m² |
Standard residential rates for primary residence. Does not include surcharges for additional properties or non-UK residents.
Market Overview: NE31
Activity in NE31 over the last twelve months ran to 45 residential sales, giving a workable sample size for median-level analysis. Individual sales ranged from £45k to £412k, which is a normal spread for a postcode of this size.
Terraced houses were the most common transaction type, representing 47% of sales, while flats accounted for 18% and semi-detached houses accounted for 20%.
The NE31 1AA dataset is a reasonable baseline, but decisions at the individual-property level should still lean on matched comparables rather than the area median alone. On the rental side, the estimated gross yield on a median-priced property here is around 14.9%, based on ONS regional rents.