There are numerous neighbourhoods across the region where homes have increased in value by at least 400% since 2000.
In one area, the average house price has soared by a staggering 940% during that time.
In Elswick South, a typical home that would have cost you £20,000 in September 2000 is now worth £207,995, based on the latest localised figures for September 2025.
That is slightly above the average house price in Newcastle of £205,000, as of February 2026, following a 3.3% annual rise city-wide.
The neighbourhood, which lies just a couple of miles west of Newcastle city centre and has a rich industrial heritage, has seen the 15th biggest percentage rise in house prices of anywhere in England and Wales, and the biggest by far in the North East.
Earlier this year, Elswick South was awarded £20 million of Pride in Place funding to improve public spaces, access to services and job opportunities, with local people invited to help decide how that money should be spent.
Below are the 14 places across the North East, including Elswick South, that saw the biggest percentage increase in house prices between September 2000 and September 2025, according to the latest figures from the Office for National Statistics.
Is your neighbourhood among them?
5. Woolsington & Airport
The average house price in Woolsington & Airport, Newcastle, has risen by 502.1% since September 2000, from £47,500 to £286,000 | Google
6. Cramlington Town & Beaconhill
The average house price in Cramlington Town & Beaconhill, Northumberland, has risen by 478.9% since September 2000, from £38,000 to £220,000 | Google
7. Bensham South & Saltwell
The average house price in Bensham South & Saltwell, Gateshead, has risen by 473.0% since September 2000, from £25,000 to £143,250 | Google
8. Whitley Bay Promenade
The average house price in Whitley Bay Promenade, North Tyneside, has risen by 469.0% since September 2000, from £58,000 to £330,000 | Google