Analysis of recent property sales -- official HM Land Registry data
The average house price in NE98 (NE98 1AE) is £320,344, based on 77 transactions recorded by HM Land Registry. The median price is £155,000, giving a price range from £35,000 to £4,000,000.
| Date | Price | Type | Area |
|---|---|---|---|
| 2026-01-16 | £157,000 | F | 78.0 m² |
| 2025-12-24 | £450,000 | O | — |
| 2025-12-19 | £180,000 | O | — |
| 2025-12-19 | £160,000 | F | 71.0 m² |
| 2025-12-18 | £235,000 | F | 146.0 m² |
Standard residential rates for primary residence. Does not include surcharges for additional properties or non-UK residents.
Market Overview: NE98
Turnover in NE98 has been high, with 77 residential sales logged by HM Land Registry in the last twelve months — enough volume that the median figure is reasonably representative. Individual sales ranged from £35k to £4.00m, which is a normal spread for a postcode of this size.
The local market is dominated by flats, which made up 79% of all sales in the sample, while other property types accounted for 16%. A flats-heavy composition like this usually points to a city-centre or regeneration postcode where high-density apartment blocks have replaced or supplemented older stock.
The twelve-month trend is softer than it was: the median in the second half of the window was 17.2% below the first-half median. Monthly volume was fairly consistent, giving the trend line a reliable shape.
Liquidity in NE98 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 13.9%, based on ONS regional rents.