Key indicators for buyers
The NE40 market looks favourable for buyers. Prices have softened (-9.7%), 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 £172,600 with a 25% deposit (£43k), a 2-year fixed mortgage at 3.97% costs around £681 per month.
Monthly cost comparison based on current data
Uses NE40 avg. price with Gateshead rental data
Monthly mortgage payments (£681) are £103 less than renting (£784). However, buying requires an upfront deposit of £43k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
8, IVY AVENUE NE40 3PU | Terraced | £242,000 | 26 Jan 2026 |
4, KING EDWARD ROAD NE40 3EJ | Terraced | £158,000 | 21 Jan 2026 |
53, SILVERMERE DRIVE NE40 3HA | Semi-detached | £180,000 | 9 Jan 2026 |
50, TOWER GARDENS NE40 3RR | Semi-detached | £188,000 | 7 Jan 2026 |
3, DALE VIEW GARDENS NE40 4ED | Semi-detached | £95,000 | 6 Jan 2026 |
26, CROSS ROW NE40 3EG | Terraced | £150,500 | 23 Dec 2025 |
6, BROCKWELL PLACE NE40 4FH | Detached | £360,000 |
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 NE40 sold for £172,600 in 2026, with a median of £180,000 across 5 transactions. Prices fell 9.7% compared to the previous year.
| 22 Dec 2025 |
8, WAGTAIL GARDENS NE40 3FG | Semi-detached | £255,000 | 19 Dec 2025 |
20, CYPRESS GROVE NE40 3RG | Semi-detached | £92,000 | 19 Dec 2025 |
19, NORTH VIEW, BARMOOR NE40 3BG | Terraced | £122,000 | 17 Dec 2025 |
9, EMMA VIEW NE40 4DH | Terraced | £126,000 | 15 Dec 2025 |
22, SKYLARK GROVE NE40 3FH | Semi-detached | £260,000 | 12 Dec 2025 |
2, SEYMOUR TERRACE NE40 3BE | Terraced | £188,850 | 11 Dec 2025 |
27, ST AGNES GARDENS WEST NE40 4NP | Detached | £140,000 | 10 Dec 2025 |
45, FAIRFIELDS NE40 3AS | Flat/Maisonette | £72,500 | 5 Dec 2025 |
5, HOLLY AVENUE NE40 3PP | Terraced | £235,000 | 5 Dec 2025 |
7, GARDEN TERRACE NE40 4NG | Terraced | £67,000 | 5 Dec 2025 |
15, WEATHERBY AVENUE NE40 4FF | Detached | £358,500 | 5 Dec 2025 |
22, WEATHERBY AVENUE NE40 4FF | Semi-detached | £267,500 | 5 Dec 2025 |
20, TWEEDYS BUILDINGS NE40 3BS | Terraced | £165,000 | 5 Dec 2025 |
The most recent recorded sale in NE40 was a terraced property on Ivy Avenue for £242,000 in January 2026. Across the last 20 sales, the median price was £180,000.