Analysis of recent property sales -- official HM Land Registry data
The average house price in NE38 (NE38 0AB) is £181,332, based on 391 transactions recorded by HM Land Registry. The median price is £150,000, giving a price range from £15,000 to £1,600,000.
| Date | Price | Type | Area |
|---|---|---|---|
| 2026-01-23 | £165,000 | S | 72.0 m² |
| 2026-01-23 | £370,000 | D | 142.0 m² |
| 2026-01-16 | £35,000 | F | 60.0 m² |
| 2026-01-15 | £191,667 | D | 132.0 m² |
| 2026-01-12 | £245,000 | D | 98.0 m² |
Standard residential rates for primary residence. Does not include surcharges for additional properties or non-UK residents.
Market Overview: NE38
Turnover in NE38 has been high, with 391 residential sales logged by HM Land Registry in the last twelve months — enough volume that the median figure is reasonably representative.
No single property type dominates — terraced houses led with 35% but the mix is diverse, while semi-detached houses accounted for 32% and detached houses accounted for 20%.
The twelve-month trend is softer than it was: the median in the second half of the window was 6.8% below the first-half median. Monthly volume was fairly consistent, giving the trend line a reliable shape.
For buyers and sellers in NE38 0AB, the wide dispersion means averages are a weak guide — comparable sales matched on property type, floor area and condition will produce a far tighter estimate. On the rental side, the estimated gross yield on a median-priced property here is around 14.4%, based on ONS regional rents.