Local market reports › NE area › NE15 › NE15 8
Lemington market report NE15 8, Newcastle Upon Tyne
The standing NE15 8 (Lemington) property market report, rebuilt from the full public record every month. Every figure on this page comes from the public record: 4,217 sales registered with HM Land Registry in NE15 8 (Newcastle Upon Tyne) since 1995, each one a completed purchase at a real price, plus current rental figures from the ONS. Nothing here is a valuation, an estimate or an asking price.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the typical home in NE15 8 (Newcastle Upon Tyne) sold for £114,500 in 2026, the median of 44 registered sales, down 7% on five years earlier. The mean was £136,000, and by floor area homes here have averaged about £1,700 per square metre over the last five years. The figures cover 4,217 sales recorded by HM Land Registry since 1995 and refresh with each monthly release: completed sale prices, not valuations or asking prices.
A postcode sector like NE15 8 is a single group of streets within NE15 (Newcastle Upon Tyne), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where NE15 8 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What NE15 8 homes really sell for
Take the 44 registered 2026 sales in NE15 8 and the middle price, the median, is £114,500. The mean lands at £136,000, well clear of it: the mark of a market where a small number of costly homes drag the average upwards.
Price per square metre in NE15 8
The last five years of sales put NE15 8 at roughly £1,700 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.
The national median for England and Wales is £285,000, which puts NE15 8 60% below the country at large.
NE15 8's median sold price, 1995 to 2026
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £114,500 | £114,500 | 44 |
| 2025 | £128,000 | £131,061 | 92 |
| 2024 | £124,200 | £132,050 | 112 |
| 2023 | £111,500 | £122,511 | 92 |
| 2022 | £140,000 | £164,166 | 111 |
| 2021 | £123,000 | £155,734 | 121 |
| 2020 | £102,500 | £132,996 | 92 |
| 2019 | £107,000 | £140,251 | 93 |
| 2018 | £99,200 | £132,235 | 98 |
| 2017 | £105,200 | £143,482 | 100 |
| 2016 | £99,000 | £138,502 | 108 |
| 2015 | £105,000 | £148,365 | 123 |
| 2014 | £90,000 | £127,681 | 100 |
| 2013 | £80,000 | £115,112 | 79 |
| 2012 | £90,000 | £132,469 | 77 |
| 2011 | £86,000 | £129,827 | 75 |
| 2010 | £93,200 | £146,162 | 80 |
| 2009 | £95,000 | £152,713 | 86 |
| 2008 | £101,000 | £165,560 | 141 |
| 2007 | £110,000 | £186,591 | 254 |
| 2006 | £109,000 | £189,210 | 231 |
| 2005 | £88,800 | £158,028 | 186 |
| 2004 | £80,000 | £145,296 | 207 |
| 2003 | £57,500 | £105,929 | 223 |
| 2002 | £43,500 | £81,845 | 249 |
| 2001 | £40,200 | £77,282 | 208 |
| 2000 | £33,000 | £64,763 | 161 |
| 1999 | £39,000 | £77,725 | 143 |
| 1998 | £33,000 | £66,613 | 152 |
| 1997 | £30,000 | £61,524 | 116 |
| 1996 | £32,000 | £67,487 | 124 |
| 1995 | £34,500 | £74,998 | 139 |
In cash terms the typical NE15 8 home went from £34,500 in 1995 to £114,500 in 2026, roughly 3.3 times the price. Even after inflation that is a real rise of about 53%: homes here genuinely became dearer, not merely more expensive on paper. Measured in today's money the market peaked in 2006; the current median sits about 39% below that. Someone who bought at the 2006 peak has not yet seen that price back in real terms.
Year-on-year change in the NE15 8 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2004 (+39.1% on the year before); the weakest, 2023 (−20.4%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What NE15 8 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −10.5% | −12.6% |
| 5 years (since 2021) | −1.4% | −6.0% |
| 10 years (since 2016) | +1.5% | −1.9% |
| 20 years (since 2006) | +0.2% | −2.5% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
Transaction volumes
The year-by-year sales count
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
NE15 8 recorded 44 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 215 sales a year before the financial crisis and 90 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
Reading the NE15 8 market
This is a thin market: 44 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. Expect volatility in the annual figures: swings past ten per cent show up repeatedly above, and they usually reflect the mix of homes sold in a given year rather than genuine repricing. Within NE15, this sector trades 28% below the district median: one of its district's cheaper corners.
What homes rent for around NE15 8
The local authority for NE15 8 is Newcastle upon Tyne, and its ONS average private rent currently stands at £1,204 a month (May 2026 figures). Size sets most of the rent: one-beds average £806 a month here against £1,825 for four or more bedrooms.
Average monthly rent by size, Newcastle upon Tyne
ONS Price Index of Private Rents, May 2026.
£1,204 a month is £14,448 a year, which against the £114,500 median sold price makes a gross yield of 12.6%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
NE15 8 (Lemington): the questions that come up
Are property prices falling in NE15 8 (Lemington)?
Is NE15 8 (Lemington) a good place to buy a house?
How much did a house sell for in NE15 8 (Lemington)?
Where do NE15 8 prices go next?
No honest page predicts prices, so this one sticks to the record: the median is down 7% over five years in cash but down 26% after inflation. Anyone weighing a purchase should read the volume chart with the price chart, remembering that these are completed sales, registered weeks after the deals were actually struck.
On the market in NE15 today
The live side of the market holds 28 homes at the moment, listed by 4 agents publishing to HomesIndex.
These cover the whole NE15 district, not just NE15 8: live asking prices are collected per district.
22% of what is on the market here is asking below what comparable homes actually sold for. Each listing is compared with recent recorded sales of similar homes nearby.
- Honister Close, Lemington, Newcastle upon Tyne, NE15, Newcastle upon Tyne
- Gretna Road, Denton Burn, Newcastle upon Tyne, NE15, Newcastle upon Tyne
- West Denton Road, Newcastle upon Tyne, NE15, Newcastle upon Tyne
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every NE15 home for sale on the map →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
Moving up a bedroom in NE: the cost
Real sold prices by size across the NE area, straight from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £239,250 | £322,500 (+35%) | £498,100 (+54%) | £700,000 (+41%) |
| Semi-detached | £157,000 | £168,000 (+7%) | £216,000 (+29%) | £335,000 (+55%) | £521,000 (+56%) |
| Terraced | £127,500 | £136,000 (+7%) | £170,000 (+25%) | £282,250 (+66%) | £393,500 (+39%) |
| Flat | £95,000 | £127,980 (+35%) | £190,000 (+48%) | £340,000 (+79%) | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
The spread across the NE area is the point: the same five years treated these districts very differently.
NE area districts: five years of change
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in NE15
A few minutes' walk can separate two very different markets. Here are NE15's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| NE15 0 | £287,500 | 8 |
| NE15 6 | £167,200 | 36 |
| NE15 7 | £180,000 | 40 |
| NE15 9 | £165,000 | 35 |
Zoom out to the full NE15 district report for the type split, monthly volumes and how NE15 compares with its neighbours.
Selling a home in NE15 8? Price it on the evidence
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at NE15 8's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim NE15 8.
Take it further
Behind the answers sits the same Land Registry record as this page, with NE15 8 already set as the subject. Free, one click sign in.
See every individual NE15 8 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.