15,125 recorded transactions · Part of Newcastle upon Tyne
Compare with another area →Key indicators for buyers
The NE15 market looks favourable for buyers. Prices have softened (-14.0%), which could present a buying opportunity. Affordability has improved from a peak of 6.6x in 2007 to 5.7x today. Rising rents (£1,199/mo, +15.8%) 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 Newcastle upon Tyne area
A home in Newcastle upon Tyne costs 5.7x the local median salary — moderate, improving from a peak of 6.6x in 2007.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Newcastle upon Tyne area
Average monthly rent in Newcastle upon Tyne is £1,199, up 15.8% 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 Newcastle upon Tyne price of £158,556 with a 25% deposit (£40k), a 2-year fixed mortgage at 3.97% costs around £626 per month.
Monthly cost comparison based on current data
Uses NE15 avg. price with Newcastle upon Tyne rental data
Monthly mortgage payments (£626) are £573 less than renting (£1,199). However, buying requires an upfront deposit of £40k — it would take around 3 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
16, GRETNA ROAD NE15 7PE | Semi-detached | £270,000 | 23 Jan 2026 |
59, BOYD STREET, NEWBURN NE15 8LU | Terraced | £93,000 | 20 Jan 2026 |
8, VALLUM PLACE, THROCKLEY NE15 9LW | Terraced | £220,000 | 19 Jan 2026 |
21, MILBURN DRIVE NE15 7PG | Detached | £365,000 | 16 Jan 2026 |
28, BISHOPS ROAD NE15 6RY | Terraced | £110,000 | 14 Jan 2026 |
12, ST MARYS PLACE, THROCKLEY NE15 9BP | Semi-detached | £125,000 | 12 Jan 2026 |
3, GLADSTONE STREET, LEMINGTON NE15 8DJ | Terraced |
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 NE15 sold for £158,556 in 2026, with a median of £115,000 across 9 transactions. Prices fell 14.0% compared to the previous year.
| £90,000 |
| 9 Jan 2026 |
14, AZALEA WAY NE15 8HE | Semi-detached | £115,000 | 9 Jan 2026 |
4, HULNE TERRACE NE15 8SN | Flat/Maisonette | £39,000 | 9 Jan 2026 |
4, WOODBURN STREET NE15 8EE | Terraced | £90,000 | 19 Dec 2025 |
24, FEATHERWOOD AVENUE NE15 6AZ | Terraced | £230,000 | 19 Dec 2025 |
18, THORNTREE DRIVE NE15 7AQ | Detached | £315,000 | 19 Dec 2025 |
195, ARMSTRONG ROAD NE15 6JE | Flat/Maisonette | £139,950 | 19 Dec 2025 |
4, CANONSFIELD CLOSE, NORTH WALBOTTLE NE15 9XB | Detached | £360,000 | 18 Dec 2025 |
23, HAWTHORN CLOSE NE15 6AG | Flat/Maisonette | £70,000 | 18 Dec 2025 |
2, VALLUM PLACE, THROCKLEY NE15 9LW | Terraced | £210,000 | 18 Dec 2025 |
4, HIGHWOOD ROAD NE15 7UR | Terraced | £155,000 | 17 Dec 2025 |
81, WHITEHOUSE ROAD NE15 6EQ | Semi-detached | £250,000 | 17 Dec 2025 |
26, WEST COPPERAS NE15 7SD | Terraced | £140,000 | 17 Dec 2025 |
14, BOYD STREET, NEWBURN NE15 8LU | Terraced | £128,000 | 16 Dec 2025 |
The most recent recorded sale in NE15 was a semi-detached property on Gretna Road for £270,000 in January 2026. Across the last 20 sales, the median price was £140,000.