NE8 1PW is a residential postcode situated on Village Heights, Gateshead, NE8 with 89 addresses.
It ranks as the 1000th largest and 769th most expensive of the 1,009 postcodes in the NE8 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 89 properties: 82 houses and 7 flats.
NE8 1PW is a residential postcode situated on Village Heights, Gateshead, NE8 with 89 addresses.
It ranks as the 1000th largest and 769th most expensive of the 1,009 postcodes in the NE8 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 89 properties: 82 houses and 7 flats.
Sale prices range from £103,624 for 2 bedroom leasehold flats (495 ft2) to £241,637 for 4 bedroom freehold houses with a garden (1,442 ft2) .
Monthly rental prices range from £815 pcm for 2 bed flats to £1,924 pcm for 4 bed houses.
The gross rental yield is between 9.3% and 11.1%.
The average value per square foot is £204.
The last sale in NE8 1PW sold for £188,000 on 12th March 2025. Since then prices are up an average of 1.9%.
The current average value in the postcode is £180,578.
The NE8 1PW Sales Market has increased by 21.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.2% | £180,578 |
| April 2025 | 0.3% | £178,362 |
| April 2024 | 0.9% | £177,776 |
| April 2023 | 5.3% | £176,143 |
| April 2022 | 4.9% | £167,315 |
| April 2021 | 3.2% | £159,547 |
| April 2020 | 0.7% | £154,663 |
| April 2019 | -0.6% | £153,640 |
| April 2018 | 2.6% | £154,534 |
| April 2017 | 1.1% | £150,684 |
| April 2016 | 0.3% | £148,982 |
| April 2015 | 1.4% | £148,525 |
| April 2014 | 1.7% | £146,535 |
| April 2013 | 1.1% | £144,034 |
| April 2012 | -0.2% | £142,531 |
| April 2011 | -5.7% | £142,768 |
| April 2010 | 1.6% | £151,403 |
| April 2009 | -13.5% | £148,948 |
| April 2008 | 0.3% | £172,265 |
| April 2007 | 0% | £171,820 |
The current average rental value in the postcode is £1,442.
The NE8 1PW Rental Market has increased by 51.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.3% | £1,442pcm |
| April 2025 | 4.1% | £1,396pcm |
| April 2024 | 9.2% | £1,340pcm |
| April 2023 | 9.9% | £1,228pcm |
| April 2022 | 11% | £1,117pcm |
| April 2021 | 2.1% | £1,007pcm |
| April 2020 | 2.4% | £986pcm |
| April 2019 | -0.2% | £963pcm |
| April 2018 | -0.4% | £965pcm |
| April 2017 | 1.9% | £969pcm |
| April 2016 | 1.3% | £950pcm |
| April 2015 | 1.4% | £938pcm |
| April 2014 | 1.5% | £925pcm |
| April 2013 | 0.3% | £912pcm |
| April 2012 | -0.9% | £909pcm |
| April 2011 | 2.2% | £916pcm |
| April 2010 | -1.1% | £897pcm |
| April 2009 | -3% | £907pcm |
| April 2008 | 2.8% | £935pcm |
| April 2007 | 0% | £909pcm |
The last sale was on 12th March 2025 for £188,000 and since then the market in the area has increased by 1.9%. The postcode has had a total of 170 sales since 1995.
NE8 1PW has seen 7 sales in the last three years and no sales in the last twelve months.
NE8 1PW is the 1000th largest and the 769th most expensive postcode out of the 1,009 postcodes in the NE8 area.
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According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around NE8 1PW, 28.7% of property is privately owned with a mortgage and 27.4% is privately owned outright.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NE8 1PW, 20.0% of residents are recorded as possessing school level qualifications and 41.2% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around NE8 1PW, the average age was 38.1 and the most common age was 27.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NE8 1PW, 2.1% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NE8 1PW, there are an average of 1.1 cars per household.
See below for how this compares to North East and the rest of England & Wales.