Analysis of recent property sales -- official HM Land Registry data
The average house price in NE98 (NE98 1AE) is £253,191, based on 55 transactions recorded by HM Land Registry. The median price is £143,000, 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
Activity in NE98 over the last twelve months ran to 55 residential sales, giving a workable sample size for median-level analysis. 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 78% of all sales in the sample, while other property types accounted for 18%. 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.
Prices have been essentially flat across the twelve-month window, moving by under 4% in either direction. Monthly volume was fairly consistent, giving the trend line a reliable shape.
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 15.1%, based on ONS regional rents.