Key indicators for buyers
The NE24 market looks favourable for buyers. Prices have softened (-18.3%), which could present a buying opportunity. Affordability has improved from a peak of 7.0x in 2021 to 5.7x today. Rising rents (£662/mo, +4.9%) 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 Northumberland area
A home in Northumberland costs 5.7x the local median salary — moderate, improving from a peak of 7.0x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Northumberland area
Average monthly rent in Northumberland is £662, up 4.9% 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 Northumberland price of £128,147 with a 25% deposit (£32k), a 2-year fixed mortgage at 3.97% costs around £506 per month.
Monthly cost comparison based on current data
Uses NE24 avg. price with Northumberland rental data
Monthly mortgage payments (£506) are £156 less than renting (£662). However, buying requires an upfront deposit of £32k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
17, EIDER CLOSE NE24 3QD | Semi-detached | £180,000 | 27 Jan 2026 |
15, CROFTHEAD CLOSE NE24 3JH | Terraced | £143,000 | 23 Jan 2026 |
37, BEAUMONT STREET NE24 1HP | Terraced | £86,500 | 23 Jan 2026 |
2, NEWLANDS AVENUE NE24 2QN | Semi-detached | £103,500 | 20 Jan 2026 |
318, PLESSEY ROAD NE24 3NH | Semi-detached | £122,000 | 20 Jan 2026 |
74, LEAHOLME CRESCENT NE24 5SG | Terraced | £81,500 | 20 Jan 2026 |
34, NIXON TERRACE NE24 3EF | Flat/Maisonette |
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 NE24 sold for £128,147 in 2026, with a median of £120,000 across 17 transactions. Prices fell 18.3% compared to the previous year.
| £81,000 |
| 16 Jan 2026 |
62, HORTON PARK NE24 4JR | Terraced | £145,000 | 16 Jan 2026 |
5, BYRON AVENUE NE24 5RN | Terraced | £120,000 | 16 Jan 2026 |
36, NIXON TERRACE NE24 3EF | Flat/Maisonette | £81,000 | 16 Jan 2026 |
329, COWPEN ROAD NE24 5EZ | Semi-detached | £100,000 | 16 Jan 2026 |
18, BEACONSFIELD STREET NE24 2DP | Terraced | £230,000 | 12 Jan 2026 |
18, SEATON AVENUE NE24 4AN | Terraced | £120,000 | 9 Jan 2026 |
30, ARCADIA TERRACE NE24 3JX | Terraced | £110,000 | 9 Jan 2026 |
19, BROMLEY GARDENS NE24 3TU | Terraced | £200,000 | 7 Jan 2026 |
66, EDENDALE AVENUE NE24 5QF | Semi-detached | £180,000 | 7 Jan 2026 |
68, GOSCHEN STREET NE24 1NL | Semi-detached | £95,000 | 6 Jan 2026 |
51, VICTORIA MEWS NE24 2TR | Flat/Maisonette | £53,500 | 22 Dec 2025 |
27, NEWCASTLE ROAD NE24 4AG | Semi-detached | £95,000 | 22 Dec 2025 |
2, DUNE WALK NE24 3EZ | Semi-detached | £120,000 | 19 Dec 2025 |
The most recent recorded sale in NE24 was a semi-detached property on Eider Close for £180,000 in January 2026. Across the last 20 sales, the median price was £120,000.