Analysis of recent property sales -- official HM Land Registry data
The average house price in NE98 (NE98 1AE) is £283,597, based on 35 transactions recorded by HM Land Registry. The median price is £280,000, giving a price range from £110,000 to £436,000.
| Date | Price | Type | Area |
|---|---|---|---|
| 2026-01-21 | £228,000 | T | 94.0 m² |
| 2026-01-19 | £315,000 | S | 125.0 m² |
| 2026-01-16 | £280,000 | S | 114.0 m² |
| 2026-01-09 | £400,000 | S | 96.0 m² |
| 2025-12-17 | £325,000 | S | — |
Standard residential rates for primary residence. Does not include surcharges for additional properties or non-UK residents.
Market Overview: NE98
Activity in NE98 over the last twelve months ran to 35 residential sales, giving a workable sample size for median-level analysis. Individual sales ranged from £110k to £436k, which is a normal spread for a postcode of this size.
No single property type dominates — semi-detached houses led with 40% but the mix is diverse, while terraced houses accounted for 31%.
The NE98 1AE 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 7.7%, based on ONS regional rents.