Local market reports › NE area › NE3 › NE3 2
Gosforth market report NE3 2, Newcastle Upon Tyne
The standing NE3 2 (Gosforth) property market report, rebuilt from the full public record every month. Every figure on this page comes from the public record: 7,442 sales registered with HM Land Registry in NE3 2 (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.
Sales data to 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: a typical NE3 2 (Newcastle Upon Tyne) home changed hands for £195,800 in 2026 (median of 66 registered sales, up 12% on five years earlier), with the mean at £211,200, and by floor area homes here have averaged about £2,390 per square metre over the last five years. Source: 7,442 completed sales on the HM Land Registry record since 1995, updated with each monthly release. No valuations, no asking prices.
A postcode sector like NE3 2 is a single group of streets within NE3 (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 NE3 2 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.
The going rate for a home in NE3 2
66 sales were registered in NE3 2 in 2026, and the middle one of them, the median, went for £195,800. The mean works out at £211,200, somewhat above it, as happens wherever a market carries an expensive tail.
What a square metre costs in NE3 2
By floor space, homes in NE3 2 have sold for about £2,390 per square metre on average over the last five years: the like-for-like measure that lets you compare a small flat with a large house, from the Energy Performance Certificate floor areas behind each sale.
Against a national (England and Wales) median of £285,000, NE3 2 runs 31% below it.
NE3 2's median sold price, 1995 to 2026
One line records the median as paid; the other restates every year in today's money via ONS CPIH, the honest measure of getting dearer. Hover for year figures, click the legend to isolate a line.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £195,800 | £195,800 | 66 |
| 2025 | £210,000 | £215,022 | 193 |
| 2024 | £185,000 | £196,693 | 166 |
| 2023 | £177,000 | £194,480 | 202 |
| 2022 | £185,000 | £216,934 | 186 |
| 2021 | £175,000 | £221,573 | 241 |
| 2020 | £165,000 | £214,091 | 165 |
| 2019 | £162,000 | £212,343 | 193 |
| 2018 | £159,500 | £212,617 | 223 |
| 2017 | £162,200 | £221,225 | 196 |
| 2016 | £155,000 | £216,847 | 204 |
| 2015 | £155,000 | £219,015 | 196 |
| 2014 | £130,000 | £184,428 | 230 |
| 2013 | £143,800 | £206,914 | 164 |
| 2012 | £136,800 | £201,353 | 150 |
| 2011 | £137,200 | £207,119 | 156 |
| 2010 | £140,000 | £219,556 | 143 |
| 2009 | £135,000 | £217,014 | 140 |
| 2008 | £150,000 | £245,882 | 141 |
| 2007 | £153,500 | £260,379 | 289 |
| 2006 | £145,000 | £251,701 | 343 |
| 2005 | £137,500 | £244,695 | 238 |
| 2004 | £150,000 | £272,429 | 421 |
| 2003 | £115,000 | £211,858 | 403 |
| 2002 | £90,000 | £169,334 | 367 |
| 2001 | £68,000 | £130,727 | 335 |
| 2000 | £63,000 | £123,638 | 261 |
| 1999 | £60,000 | £119,577 | 286 |
| 1998 | £51,500 | £103,956 | 306 |
| 1997 | £49,000 | £100,489 | 317 |
| 1996 | £48,000 | £101,230 | 271 |
| 1995 | £47,000 | £102,171 | 250 |
In cash terms the typical NE3 2 home went from £47,000 in 1995 to £195,800 in 2026, roughly 4 times the price. Inflation explains only part of it: in today's money the rise is still about 92%, a genuine increase in what a home here costs. Measured in today's money the market peaked in 2004; the current median sits about 28% below that. Someone who bought at the 2004 peak has not yet seen that price back in real terms.
Year-on-year change in the NE3 2 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 2002 (+32.4% on the year before); the weakest, 2009 (−10.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Growth per year, over one to twenty years
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −6.8% | −8.9% |
| 5 years (since 2021) | +2.3% | −2.4% |
| 10 years (since 2016) | +2.4% | −1.0% |
| 20 years (since 2006) | +1.5% | −1.2% |
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.
Sales activity in NE3 2
The year-by-year sales count
Each bar is a year's recorded sales. 2008's dip is the financial crisis, and the newest bar always grows for a while as late registrations arrive.
Over the last twelve months of data, 66 sales completed in NE3 2. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 332 sales a year before the financial crisis and 163 a year over the last five. Price without volume misleads: a median built on few sales jumps around, and one street can tilt it. Keep in mind too that the latest year is still filling in, since sales reach the register weeks or months after completion.
Rents around NE3 2
For renting purposes NE3 2 sits in Newcastle upon Tyne. The ONS average private rent there is £1,204 a month (May 2026). The spread runs from £806 a month for a typical one-bed to £1,825 at four-plus bedrooms, which is size doing most of the pricing.
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 £195,800 median sold price makes a gross yield of 7.4%. 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.
The shape of the NE3 2 market
Against the NE3 district median, NE3 2 sits 32% lower, marking it as a cheaper pocket of the district.
NE3 2 (Gosforth): the questions that come up
Is NE3 2 (Gosforth) a good place to buy a house?
How much did a house sell for in NE3 2 (Gosforth)?
Are property prices falling in NE3 2 (Gosforth)?
What happens to NE3 2 prices now?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 12% over five years in cash but down 12% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
NE3's current homes for sale
This is what you could actually buy today: 43 homes currently on the market from 5 agents publishing to HomesIndex.
These cover the whole NE3 district, not just NE3 2: live asking prices are collected per district.
23% of current listings sit under the prices comparable homes actually fetched. Each listing is compared with recent recorded sales of similar homes nearby.
- Broomfield Road, Newcastle upon Tyne,...
- Wrendale Court, Gosforth, Newcastle Upon Tyne
- Wrendale Court, Gosforth, 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 NE3 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.
What another bedroom costs in NE
Real sold prices by size across the NE area, straight from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| 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.
Five-year change in the median, NE area districts
Cash-terms risers and fallers across the area; click any row for that district's full report.
Other sectors in NE3
Sector boundaries hide real price steps. The rest of NE3, one report each:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| NE3 1 | £351,500 | 67 |
| NE3 3 | £169,000 | 48 |
| NE3 4 | £395,000 | 58 |
| NE3 5 | £345,000 | 41 |
Zoom out to the full NE3 district report for the type split, monthly volumes and how NE3 compares with its neighbours.
Selling a home in NE3 2? 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 NE3 2'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 NE3 2.
Dig further
The AI answers from the same Land Registry data this report is built on, already scoped to NE3 2. Free after a one click sign in.
The live map plots every individual NE3 2 sale at its exact address, and the average prices map zooms from neighbourhood shading to single homes. For a specific question, the report tool writes a custom answer, and any sale's mortgage and rent calculator runs the numbers on a real purchase.
Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.