Key indicators for buyers
The NE3 market looks favourable for buyers. Prices have softened (-7.7%), 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 £276,750 with a 25% deposit (£69k), a 2-year fixed mortgage at 3.97% costs around £1,092 per month.
Monthly cost comparison based on current data
Uses NE3 avg. price with Newcastle upon Tyne rental data
Monthly mortgage payments (£1,092) are £107 less than renting (£1,199). However, buying requires an upfront deposit of £69k — 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 |
|---|---|---|---|
1, THE CROSS WAY, KENTON NE3 4LB | Semi-detached | £315,000 | 23 Jan 2026 |
35, ELMFIELD GROVE NE3 4XA | Terraced | £395,000 | 23 Jan 2026 |
61, CASTLEDENE COURT NE3 1NZ | Flat/Maisonette | £320,000 | 21 Jan 2026 |
32, GROVE PARK CRESCENT, GOSFORTH NE3 1BP | Flat/Maisonette | £290,000 | 16 Jan 2026 |
33, HOLLYWOOD AVENUE, GOSFORTH NE3 5BR | Semi-detached | £290,000 | 16 Jan 2026 |
25, THE UPLANDS NE3 4LH | Terraced | £360,000 | 16 Jan 2026 |
5, HIGH MEADOWS NE3 4PW | 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 NE3 sold for £276,750 in 2026, with a median of £307,500 across 14 transactions. Prices fell 7.7% compared to the previous year.
| £110,000 |
| 15 Jan 2026 |
39, ALN CRESCENT NE3 2LU | Terraced | £102,000 | 15 Jan 2026 |
30, ROSEWOOD GARDENS NE3 3DH | Terraced | £319,000 | 15 Jan 2026 |
5, ARDEN AVENUE NE3 5TS | Terraced | £300,000 | 9 Jan 2026 |
134, KENTON LANE NE3 3QE | Semi-detached | £263,500 | 9 Jan 2026 |
20, THE WYND, KENTON NE3 4LA | Semi-detached | £335,000 | 9 Jan 2026 |
13, COURTNEY COURT NE3 2UB | Terraced | £145,000 | 8 Jan 2026 |
1, POPLAR PLACE NE3 1DR | Terraced | £330,000 | 6 Jan 2026 |
47, HIGHBRIDGE, GOSFORTH NE3 2HA | Flat/Maisonette | £220,000 | 22 Dec 2025 |
43, HARLEY TERRACE NE3 1UL | Terraced | £382,600 | 19 Dec 2025 |
95, WARKWORTH WOODS NE3 5RB | Terraced | £283,000 | 19 Dec 2025 |
23, LALEHAM COURT NE3 2XL | Terraced | £195,000 | 19 Dec 2025 |
2, RICHMOND LODGE, MOOR ROAD SOUTH NE3 1NN | Flat/Maisonette | £310,000 | 19 Dec 2025 |
22, ASHFIELD ROAD NE3 4XL | Flat/Maisonette | £220,000 | 19 Dec 2025 |
The most recent recorded sale in NE3 was a semi-detached property on The Cross Way for £315,000 in January 2026. Across the last 20 sales, the median price was £300,000.