Key indicators for buyers
The NE31 market looks favourable for buyers. Prices have softened (-8.1%), which could present a buying opportunity. Affordability has improved from a peak of 6.0x in 2021 to 5.2x today. Rising rents (£718/mo, +7.3%) 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 South Tyneside area
A home in South Tyneside costs 5.2x the local median salary — moderate, improving from a peak of 6.0x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider South Tyneside area
Average monthly rent in South Tyneside is £718, up 7.3% 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 South Tyneside price of £163,132 with a 25% deposit (£41k), a 2-year fixed mortgage at 3.97% costs around £644 per month.
Monthly cost comparison based on current data
Uses NE31 avg. price with South Tyneside rental data
Monthly mortgage payments (£644) are £74 less than renting (£718). However, buying requires an upfront deposit of £41k — 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 |
|---|---|---|---|
30, PRICE STREET NE31 1DZ | Terraced | £120,000 | 23 Jan 2026 |
14, DAVY CLOSE NE31 1TG | Semi-detached | £165,000 | 16 Jan 2026 |
86, LANDFALL DRIVE NE31 1FE | Flat/Maisonette | £96,500 | 16 Jan 2026 |
65, LILAC WALK NE31 2PR | Semi-detached | £150,000 | 16 Jan 2026 |
16, ST MICHAELS VALE NE31 1RL | Flat/Maisonette | £100,000 | 12 Jan 2026 |
80, FROBISHER STREET NE31 2XE | Terraced | £88,950 | 9 Jan 2026 |
1, DOUGLASS CLOSE NE31 1AD | Detached |
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 NE31 sold for £163,132 in 2026, with a median of £140,000 across 11 transactions. Prices fell 8.1% compared to the previous year.
| £210,000 |
| 9 Jan 2026 |
93, ADAIR WAY NE31 2BS | Detached | £260,000 | 9 Jan 2026 |
8, LYON STREET NE31 1DN | Semi-detached | £140,000 | 9 Jan 2026 |
161, VICTORIA ROAD WEST NE31 1UL | Semi-detached | £330,000 | 9 Jan 2026 |
6, WEAR ROAD NE31 2DB | Semi-detached | £134,000 | 6 Jan 2026 |
113, ADAIR WAY NE31 2BS | Terraced | £150,000 | 22 Dec 2025 |
9, SWALLOW DRIVE NE31 1AE | Terraced | £170,000 | 19 Dec 2025 |
71, TWEED STREET NE31 1XW | Other | £60,000 | 19 Dec 2025 |
57, KELLY ROAD NE31 2QN | Semi-detached | £140,000 | 19 Dec 2025 |
58, HOLMES DRIVE NE31 2BF | Terraced | £183,000 | 19 Dec 2025 |
9, EDWARD STREET NE31 1DX | Terraced | £121,750 | 18 Dec 2025 |
13, HALL ROAD NE31 2UG | Terraced | £142,500 | 18 Dec 2025 |
77, RED HOUSE ROAD NE31 2XG | Terraced | £65,000 | 18 Dec 2025 |
18, MONTROSE CRESCENT NE31 1TF | Semi-detached | £188,000 | 18 Dec 2025 |
The most recent recorded sale in NE31 was a terraced property on Price Street for £120,000 in January 2026. Across the last 20 sales, the median price was £142,500.