Average property prices across Newcastle's vibrant neighbourhoods, from the Quayside to the leafy suburbs of the North East.
Based on Land Registry sold price data for Newcastle
Newcastle upon Tyne has emerged as one of the most dynamic property markets in the UK over the past decade. The city, famous for its iconic Tyne Bridge and vibrant nightlife, has undergone massive regeneration that has transformed former industrial areas into desirable residential zones. The Quayside, once dominated by warehouses, now features luxury apartments with stunning river views, while the Ouseburn valley has become the creative heart of the city with artists' studios, bars, and conversion apartments.
The city's affordability compared to London and even Manchester makes it particularly attractive to young professionals and first-time buyers. Jesmond, Gosforth, and Heaton offer a mix of Victorian and Edwardian properties that appeal to families and commuters alike, with excellent transport links to the city centre. The ongoing growth of the tech and digital sectors — Newcastle has become a significant hub for software development and digital creative industries — continues to drive demand for city centre living.
For those seeking period character, the "Geordie Victorian" architecture across areas like Sandyford, Shieldfield, and Byker offers excellent value. These terraced properties, many with original features intact, represent the entry point to the Newcastle market. The city's two universities — Newcastle University and Northumbria University — create sustained demand for rental properties, making buy-to-let investments particularly attractive in areas close to campus.
The average house price in Newcastle is approximately £190,000. By property type: flats average £125,000, terraced houses £150,000, semi-detached properties £200,000, and detached houses around £300,000. Newcastle remains one of the most affordable major UK cities.
Byker, Heaton, and Walker offer the most affordable terraced properties, typically under £150,000. For those wanting to be closer to the city centre, Sandyford and Shieldfield provide good value Victorian terraces. Jesmond and Gosforth are pricier but popular with professionals.
Yes, Newcastle has seen consistent price growth, particularly in terraced properties and the city centre apartment market. The city's tech sector growth, regeneration projects, and excellent quality of life continue to attract new residents, supporting ongoing demand.
As Newcastle is in England, Stamp Duty Land Tax (SDLT) applies. First-time buyers pay nothing on properties up to £300,000. Standard rates are 0% on the first £250,000, then 5% on the portion up to £925,000.