Figures reveal how much Newcastle house prices have risen over the last 20 years

Watch more of our videos on Shots! 
and live on Freeview channel 276
Visit Shots! now
The average house price in Newcastle now costs around £70,000 than it did 20 years ago.

New data from Purplebricks has revealed that the average price of a house in Newcastle has risen by almost 60% over the last 20 years.

According to the estate agent, the average cost of a house in the city currently sits at around £192,348, which is a 28.7% increase on ten years ago when properties cost on average around £137,129.

Hide Ad
Hide Ad

Twenty years ago, the average house price in Newcastle was £121,010, meaning that prices in 2024 are now 59% higher than they were in 2004.

The figures mean that the average price of a house in Newcastle is now around £71,337 higher than two decades ago.

House prices in Newcastle have risen by an average of £71,337 over the last 20 years. Photo: National World.House prices in Newcastle have risen by an average of £71,337 over the last 20 years. Photo: National World.
House prices in Newcastle have risen by an average of £71,337 over the last 20 years. Photo: National World. | National World

Purplebricks has also broken down the average house prices depending on the type of property, with the data for each as follows:

Detached homes:

2024: £380,151.

Ten years ago: £254,440 - a rise of 33.1%.

Twenty years ago: £222,230 - a rise of 71.1%.

Semi-detached homes:

2024: £224,008.

Ten years ago: £153,988 - a rise of 31.3%.

Twenty years ago: £134,094 - a rise of 67.1%.

Hide Ad
Hide Ad

Terraced houses:

2024: £186,612

Ten years ago: £133,338 - a rise of 31.8%.

Twenty years ago: £111,390 - a rise of 67.1%.

Flats:

2024: £128,783

Ten years ago: £98,924 - a rise of 23.2%.

Twenty years ago: £95,271 - a rise of 35.2%.

Sam Mitchell, Purplebricks CEO, has stated that homeowners should feel comforted that their homes have made them money over the last 20 years.

He commented: “Bricks and mortar has long been one of the safest and most secure investments in Britain.

Hide Ad
Hide Ad

“UK homeowners, and those looking to get onto the ladder, should take huge comfort in our analysis, which shows that investing in a forever home really does pay off.

“While London homeowners have seen huge returns on their money, it is encouraging to see that wherever you are in the UK, the home you live in has been quietly earning you money over the last two decades.”

You can view the data for yourself by visiting: https://www.purplebricks.co.uk/moving-guides/house-prices-over-time.

Comment Guidelines

National World encourages reader discussion on our stories. User feedback, insights and back-and-forth exchanges add a rich layer of context to reporting. Please review our Community Guidelines before commenting.