Key indicators for buyers
The NE11 market looks favourable for buyers. Prices have softened (-23.6%), which could present a buying opportunity. Affordability has improved from a peak of 5.9x in 2021 to 4.9x today. Rising rents (£784/mo, +6.1%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Gateshead area
A home in Gateshead costs 4.9x the local median salary — relatively affordable, improving from a peak of 5.9x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Gateshead area
Average monthly rent in Gateshead is £784, up 6.1% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Gateshead price of £145,900 with a 25% deposit (£36k), a 2-year fixed mortgage at 3.97% costs around £576 per month.
Monthly cost comparison based on current data
Uses NE11 avg. price with Gateshead rental data
Monthly mortgage payments (£576) are £208 less than renting (£784). However, buying requires an upfront deposit of £36k — it would take around 5 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
29, GREBE CLOSE NE11 9FD | Flat/Maisonette | £125,000 | 23 Jan 2026 |
39, MOORMILL NE11 0YP | Terraced | £142,000 | 23 Jan 2026 |
32, MALVERN GARDENS NE11 9LJ | Semi-detached | £148,000 | 16 Jan 2026 |
42, BITTERN CLOSE, DUNSTON NE11 9FG | Terraced | £147,500 | 9 Jan 2026 |
2, WHICKHAM AVENUE NE11 9UH | Terraced | £167,000 | 5 Jan 2026 |
UNIT 3, HADRIANS COURT, SEVENTH AVENUE, TEAM VALLEY TRADING ESTATE NE11 0XW | Other | £59,200 | 19 Dec 2025 |
19, FESTIVAL PARK DRIVE NE11 9TU | Semi-detached |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in NE11 sold for £145,900 in 2026, with a median of £147,500 across 5 transactions. Prices fell 23.6% compared to the previous year.
| £166,000 |
| 17 Dec 2025 |
3, LOCHFIELD GARDENS NE11 0XQ | Semi-detached | £190,000 | 17 Dec 2025 |
15, CLAVERING SQUARE NE11 9PF | Semi-detached | £77,000 | 10 Dec 2025 |
3, HEDGE CLOSE NE11 9UG | Detached | £250,000 | 10 Dec 2025 |
1, ROWANWOOD GARDENS NE11 0DP | Semi-detached | £165,000 | 9 Dec 2025 |
4, KELVIN GARDENS NE11 9EX | Terraced | £100,000 | 8 Dec 2025 |
14, PARK TERRACE, DUNSTON NE11 9PA | Terraced | £197,500 | 8 Dec 2025 |
58, MEADOW LANE NE11 9PN | Terraced | £125,000 | 5 Dec 2025 |
10, MOUNTSIDE GARDENS NE11 9QB | Semi-detached | £265,000 | 5 Dec 2025 |
37, FIRWOOD GARDENS NE11 0DL | Terraced | £176,500 | 1 Dec 2025 |
53, MOUNTSIDE GARDENS NE11 9QD | Semi-detached | £218,000 | 1 Dec 2025 |
21, PARSONS GARDENS NE11 9ET | Flat/Maisonette | £94,000 | 28 Nov 2025 |
85, GREBE CLOSE NE11 9FD | Flat/Maisonette | £110,500 | 28 Nov 2025 |
10, BRAESIDE NE11 9RE | Semi-detached | £132,500 | 28 Nov 2025 |
The most recent recorded sale in NE11 was a flat/maisonette property on Grebe Close for £125,000 in January 2026. Across the last 20 sales, the median price was £148,000.