Key indicators for buyers
The NE17 market looks favourable for buyers. Prices have softened (-55.0%), 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 £53,000 with a 25% deposit (£13k), a 2-year fixed mortgage at 3.97% costs around £209 per month.
Monthly cost comparison based on current data
Uses NE17 avg. price with Gateshead rental data
Monthly mortgage payments (£209) are £575 less than renting (£784). However, buying requires an upfront deposit of £13k — it would take around 2 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
32, THAMES STREET, CHOPWELL NE17 7DB | Terraced | £53,000 | 9 Jan 2026 |
4, HAVELOCK TERRACE, CHOPWELL NE17 7JQ | Terraced | £65,000 | 18 Dec 2025 |
13, THAMES STREET, CHOPWELL NE17 7DB | Terraced | £50,000 | 17 Dec 2025 |
BELLCOLN HOUSE, LOW WESTWOOD NE17 7PP | Semi-detached | £220,000 | 16 Dec 2025 |
10, COLTPARK WOODS, HAMSTERLEY COLLIERY NE17 7SP | Detached | £250,000 | 15 Dec 2025 |
7, WEST FARM DRIVE, CHOPWELL NE17 7BJ | Detached | £190,000 | 15 Dec 2025 |
23, TWEED STREET, CHOPWELL NE17 7DL |
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 NE17 sold for £53,000 in 2026, with a median of £53,000 across 1 transactions. Prices fell 55.0% compared to the previous year.
| Terraced |
| £39,000 |
| 12 Dec 2025 |
22, HUMBER STREET, CHOPWELL NE17 7DQ | Terraced | £58,000 | 28 Nov 2025 |
4, ELIZABETH STREET, CHOPWELL NE17 7JJ | Terraced | £50,500 | 26 Nov 2025 |
29, OAKWELL COURT, HAMSTERLEY COLLIERY NE17 7BD | Detached | £272,000 | 20 Nov 2025 |
57, OAKWELL COURT, HAMSTERLEY COLLIERY NE17 7BE | Detached | £193,000 | 20 Nov 2025 |
41, SEVERN STREET, CHOPWELL NE17 7BY | Terraced | £78,000 | 14 Nov 2025 |
33, TWEED STREET, CHOPWELL NE17 7DL | Terraced | £61,000 | 7 Nov 2025 |
6, FORTH STREET, CHOPWELL NE17 7DJ | Terraced | £75,000 | 7 Nov 2025 |
71, BEECH GROVE, BLACKHALL MILL NE17 7TD | Terraced | £150,000 | 31 Oct 2025 |
43, WANSBECK STREET, CHOPWELL NE17 7DD | Terraced | £40,000 | 23 Oct 2025 |
36, MERSEY STREET, CHOPWELL NE17 7DF | Terraced | £53,000 | 23 Oct 2025 |
72, VALLEY DENE, CHOPWELL NE17 7EZ | Terraced | £120,000 | 21 Oct 2025 |
16, WEST CRESCENT, CHOPWELL NE17 7HD | Semi-detached | £115,000 | 30 Sept 2025 |
14, TYNE STREET, CHOPWELL NE17 7BP | Terraced | £65,000 | 26 Sept 2025 |
The most recent recorded sale in NE17 was a terraced property on Thames Street for £53,000 in January 2026. Across the last 20 sales, the median price was £75,000.