Typical 3-bedroom house£194kmost £156k–£246k
Houses per m²£2,335flats £1,819
Sold last year1511,040 in five years
Prices in Gateshead+3.7%on a year ago
A typical 3-bedroom house in NE40 sold for £194,259 over the last five years, in today's money; most went for between £155,792 and £246,249, for about 90 m² of space.
151 homes sold here in the last year: a steady market with homes coming up most weeks. Flats start at around £60k for one bedroom. Within the district, houses cost the least per m² in NE40 4 (£2,250) and the most in NE40 3 (£2,451).
Across Gateshead, prices are up 3.7% on a year ago and up 16% over five years. Renting a similar home there costs about £844 a month; a 90% mortgage on the typical price would be around £886 a month at 4.5% over 30 years. Lenders would typically want a household income of about £39,000 for that mortgage: what £40,000 buys.
Questions about NE40
Is NE40 a good area to buy a home?
What the numbers say: prices in Gateshead are up 3.7% on a year ago; the best state primary nearby is above the England average (83% against 64%); the best secondary is above it (58.5% against 43.8%); 151 homes sold here last year. Whether it suits you depends on your budget and what you need nearby, so compare it with the districts around it below.
How much is a 3-bedroom house in NE40?
A typical 3-bedroom house in NE40 sold for £194,259 over the last five years, in today's money. Most sold between £155,792 and £246,249.
How many homes sell in NE40 each year?
151 homes sold in the last year and 1,040 in five years: a steady market with homes coming up most weeks.
What are the schools like near NE40?
The best-performing state primary within 2 km is Greenside Primary School, where 83% of pupils met the expected standard at age 11 (England: 64%).
Where is cheaper near NE40?
For a 3-bedroom house, NE17 (£154k, 7 km).
Sources: HM Land Registry price paid data matched to the EPC register for size and bedrooms, last five years in today's prices; UK House Price Index (July 2026); ONS private rents (August 2026); DfE school performance tables. Districts with fewer than five sales of a kind are left out. The mortgage figure is an illustration, not advice.