Key indicators for buyers
The NE16 market looks favourable for buyers. Prices have softened (-14.5%), 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 £188,067 with a 25% deposit (£47k), a 2-year fixed mortgage at 3.97% costs around £742 per month.
Monthly cost comparison based on current data
Uses NE16 avg. price with Gateshead rental data
Monthly mortgage payments (£742) are £42 less than renting (£784). However, buying requires an upfront deposit of £47k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
80, LILAC CRESCENT, BURNOPFIELD NE16 6QF | Terraced | £159,500 | 19 Jan 2026 |
PENLAN, THE LEAZES, BURNOPFIELD NE16 6HT | Semi-detached | £220,000 | 15 Jan 2026 |
3, SANDRINGHAM DRIVE, WHICKHAM NE16 5ZA | Terraced | £325,000 | 15 Jan 2026 |
84, LILAC CRESCENT, BURNOPFIELD NE16 6QF | Semi-detached | £173,500 | 15 Jan 2026 |
5, LAVENDER ROAD, WHICKHAM NE16 4LR | Detached | £264,000 | 15 Jan 2026 |
18, THE SYCAMORES, BURNOPFIELD NE16 6PH | Semi-detached | £186,000 | 14 Jan 2026 |
63, RIDLEY GARDENS, SWALWELL NE16 3HT |
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 NE16 sold for £188,067 in 2026, with a median of £173,500 across 15 transactions. Prices fell 14.5% compared to the previous year.
| Flat/Maisonette |
| £53,000 |
| 13 Jan 2026 |
6, WOODHOUSE MEWS, SWALWELL NE16 3AH | Flat/Maisonette | £131,000 | 12 Jan 2026 |
29, SHEEPHILL, BURNOPFIELD NE16 6NB | Terraced | £192,000 | 9 Jan 2026 |
14, FRONT STREET, BURNOPFIELD NE16 6PU | Terraced | £190,000 | 9 Jan 2026 |
21, THE BIRCHES, SUNNISIDE NE16 5EU | Detached | £355,000 | 9 Jan 2026 |
16, FROSTERLEY WALK, SUNNISIDE NE16 5XU | Terraced | £155,000 | 9 Jan 2026 |
58, BROADPOOL GREEN, WHICKHAM NE16 4RJ | Terraced | £152,000 | 9 Jan 2026 |
LYNDALE HOUSE, HOLLYWELL LANE, SUNNISIDE NE16 5NJ | Semi-detached | £125,000 | 9 Jan 2026 |
6, CLOVER HILL, SUNNISIDE NE16 5PR | Terraced | £140,000 | 8 Jan 2026 |
23, AXWELL TERRACE, SWALWELL NE16 3JS | Terraced | £105,000 | 22 Dec 2025 |
4, GRANGE MANOR, GRANGE LANE, WHICKHAM NE16 5JS | Flat/Maisonette | £178,000 | 19 Dec 2025 |
2, CRICKET TERRACE, BURNOPFIELD NE16 6QL | Terraced | £141,000 | 19 Dec 2025 |
15, GEORGE STREET, WHICKHAM NE16 4AS | Terraced | £115,000 | 19 Dec 2025 |
PENNYFINE FACTORY, PENNYFINE ROAD, SUNNISIDE NE16 5EP | Other | £190,000 | 18 Dec 2025 |
The most recent recorded sale in NE16 was a terraced property on Lilac Crescent for £159,500 in January 2026. Across the last 20 sales, the median price was £173,500.