Fareham Way - NE23 1TB
Key Postcode Insights
NE23 1TB is a residential postcode situated on Fareham Way, Cramlington, NE23 with 13 addresses.
It ranks as the 359th largest and 461st most expensive of the 980 postcodes in the NE23 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 13 properties: 9 houses and 4 other properties.
- Ave. Sale Price
- £169,623
- 10 Year change
- up 34.6%
- Ave. Rental Price
- £1,226pcm
- 10 Year change
- up 68.1%
- Ave. £ per ft²
- £222/ft²
- Ave. Gross Yield
- 8.7%/year/yr
Key Postcode Insights
NE23 1TB is a residential postcode situated on Fareham Way, Cramlington, NE23 with 13 addresses.
It ranks as the 359th largest and 461st most expensive of the 980 postcodes in the NE23 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 13 properties: 9 houses and 4 other properties.
- Ave. Sale Price
- £169,623
- 10 Year change
- up 34.6%
- Ave. Rental Price
- £1,226pcm
- 10 Year change
- up 68.1%
- Ave. £ per ft²
- £222/ft²
- Ave. Gross Yield
- 8.7%/year/yr
Explore Properties in NE23 1TB
- 1 Fareham Way
3 Bed Mid-century House
- 2 Fareham Way
3 Bed Mid-century House
- 3 Fareham Way
House
- 4 Fareham Way
3 Bed Mid-century House
- 5 Fareham Way
3 Bed Mid-century House
Sales Market Trends
The last sale in NE23 1TB sold for £180,000 on 14th April 2025. Since then prices are up an average of 4.3%.
The current average value in the postcode is £169,623.
The NE23 1TB Sales Market has increased by 34.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.3% | £169,623 |
| June 2025 | 3.8% | £164,246 |
| June 2024 | 1.6% | £158,208 |
| June 2023 | 4.1% | £155,719 |
| June 2022 | 9.3% | £149,590 |
| June 2021 | 5.5% | £136,910 |
| June 2020 | 1.4% | £129,749 |
| June 2019 | 1.1% | £127,934 |
| June 2018 | 1.7% | £126,572 |
| June 2017 | -1.2% | £124,454 |
| June 2016 | 2.7% | £126,011 |
| June 2015 | 3.1% | £122,694 |
| June 2014 | 3.3% | £119,004 |
| June 2013 | 1% | £115,186 |
| June 2012 | 2.3% | £114,072 |
| June 2011 | -4.7% | £111,519 |
| June 2010 | 3.9% | £117,012 |
| June 2009 | -7.6% | £112,645 |
| June 2008 | -3.4% | £121,851 |
| June 2007 | 0% | £126,148 |
Rental Market Trends
The current average rental value in the postcode is £1,226.
The NE23 1TB Rental Market has increased by 68.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.2% | £1,226pcm |
| June 2025 | 6.6% | £1,189pcm |
| June 2024 | 8.1% | £1,116pcm |
| June 2023 | 10% | £1,032pcm |
| June 2022 | 12.8% | £939pcm |
| June 2021 | 7.4% | £832pcm |
| June 2020 | 2.4% | £775pcm |
| June 2019 | 1.9% | £757pcm |
| June 2018 | 0.2% | £743pcm |
| June 2017 | 1.5% | £741pcm |
| June 2016 | 0.9% | £730pcm |
| June 2015 | 1.9% | £723pcm |
| June 2014 | 1.8% | £710pcm |
| June 2013 | -0.3% | £697pcm |
| June 2012 | -1% | £699pcm |
| June 2011 | -1.2% | £706pcm |
| June 2010 | 4.8% | £714pcm |
| June 2009 | -1.7% | £682pcm |
| June 2008 | -1.1% | £694pcm |
| June 2007 | 0% | £701pcm |
Sales History
The last recorded sale was on 14th April 2025 for £180,000 and since then the market in the area has increased by 4.3%.
NE23 1TB has had 3 sales since 1995, with 3 in the last three years and none in the last twelve months.
- Sold Apr 2025£180,000 | 3 Bed House4, Fareham Way, Cramlington, NE23 1TB4, Fareham Way, Cramlington, NE23 1TB
- Sold Feb 2025£155,000 | 3 Bed House7, Fareham Way, Cramlington, NE23 1TB7, Fareham Way, Cramlington, NE23 1TB
- Sold Apr 2024£170,000 | 3 Bed House5, Fareham Way, Cramlington, NE23 1TB5, Fareham Way, Cramlington, NE23 1TB
Nearby Postcodes
NE23 1TB is the 359th largest and the 461st most expensive postcode out of the 980 postcodes in the NE23 area.
- NE23 1RS, Newlyn Drive, Cramlington, NE23NE23 1RS21 Addresses|53 m away
- NE23 1RF, Needham Place, Cramlington, NE23NE23 1RF29 Addresses|66 m away
- NE23 1TD, Fareham Way, Cramlington, NE23NE23 1TD13 Addresses|84 m away
- NE23 1RN, Newlyn Drive, Cramlington, NE23NE23 1RN22 Addresses|85 m away
- NE23 1RU, Falmouth Walk, Cramlington, NE23NE23 1RU31 Addresses|128 m away
Property Types
- 9 mid-century houses built between 1936 and 1979
- 4 other addresses of unknown type
- mid-century house (9)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 9 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (0)
- F (0)
- C (7)
- G (0)
- D (2)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Apr 2025£180,000 | 3 Bed House4, Fareham Way, Cramlington, NE23 1TB4, Fareham Way, Cramlington, NE23 1TB
- Sold Apr 2024£170,000 | 3 Bed House5, Fareham Way, Cramlington, NE23 1TB5, Fareham Way, Cramlington, NE23 1TB
- Sold Oct 2022£159,995 | 3 Bed House23, Fareham Way, Cramlington, NE23 1TD23, Fareham Way, Cramlington, NE23 1TD
Schools Nearby
- Cramlington Shanklea Primary School100 m away
- Burnside Primary School500 m away
- Cramlington Northburn Primary School800 m away
- Cramlington Learning Village1.6 km away
- North Gosforth Academy4.2 km away
- Seaton Valley High School4.3 km away
More reading links
Public Transport Nearby
The closest station to NE23 1TB is Cramlington station, which is 900 metres away.
- Cramlington|900 m away
- Seaton Delaval|3.5 km away
- Newsham|4.1 km away
- Blyth Bebside|4.4 km away
