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Preston Gate is a residential street with 27 addresses.
It ranks as the 285th largest and 26th most expensive of the 538 streets in the NE29 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The street contains a total of 27 properties: 10 houses and 17 flats.
Preston Gate is a residential street with 27 addresses.
It ranks as the 285th largest and 26th most expensive of the 538 streets in the NE29 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The street contains a total of 27 properties: 10 houses and 17 flats.
Sale prices range from £65,420 for 1 bedroom leasehold flats (333 ft2) to £226,455 for 4 bedroom freehold houses with a garden (1,453 ft2) .
Monthly rental prices range from £483 pcm for 1 bed flats to £1,232 pcm for 4 bed houses.
The gross rental yield is between 6.5% and 9.1%.
The average value per square foot is £170.
The last sale on Preston Gate sold for £72,000 on 31st October 2025. Since then prices are down an average of 0.1%.
The current average value in the street is £104,684.
The Preston Gate Sales Market has increased by 41.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 0% | £104,684 |
| May 2025 | 3.1% | £104,664 |
| May 2024 | 2.4% | £101,487 |
| May 2023 | 7% | £99,069 |
| May 2022 | 8% | £92,607 |
| May 2021 | 7.1% | £85,757 |
| May 2020 | 2.6% | £80,069 |
| May 2019 | 1.3% | £78,053 |
| May 2018 | 1.3% | £77,072 |
| May 2017 | 3.1% | £76,053 |
| May 2016 | 4.5% | £73,767 |
| May 2015 | 2.5% | £70,609 |
| May 2014 | 2.5% | £68,855 |
| May 2013 | 1% | £67,203 |
| May 2012 | -1% | £66,537 |
| May 2011 | -0.4% | £67,189 |
| May 2010 | 3.5% | £67,475 |
| May 2009 | -9.8% | £65,203 |
| May 2008 | -0.2% | £72,313 |
| May 2007 | 0% | £72,427 |
The current average rental value in the street is £706.
The Preston Gate Rental Market has increased by 48.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.9% | £706pcm |
| May 2025 | 3.3% | £686pcm |
| May 2024 | 10.5% | £664pcm |
| May 2023 | 9.9% | £601pcm |
| May 2022 | 9.2% | £547pcm |
| May 2021 | 5.7% | £501pcm |
| May 2020 | 1.8% | £474pcm |
| May 2019 | -1.1% | £466pcm |
| May 2018 | -0.9% | £471pcm |
| May 2017 | -0.3% | £475pcm |
| May 2016 | 0.9% | £476pcm |
| May 2015 | 0.9% | £472pcm |
| May 2014 | -0.4% | £468pcm |
| May 2013 | 0.5% | £470pcm |
| May 2012 | 0.8% | £468pcm |
| May 2011 | 1% | £464pcm |
| May 2010 | -0.6% | £459pcm |
| May 2009 | -6.3% | £462pcm |
| May 2008 | 3.7% | £493pcm |
| May 2007 | 0% | £476pcm |
The last sale was on 31st October 2025 for £72,000 and since then the market in the area has decreased by 0.1%. The street has had a total of 61 sales since 1995.
Preston Gate, North Shields, NE29 has seen 4 sales in the last three years and 1 sale in the last twelve months.
Preston Gate, North Shields, NE29 is the 285th largest and the 26th most expensive street in the NE29 area.
There is 1 postcode on Preston Gate, North Shields, NE29.
The closest station to Preston Gate, North Shields, NE29 is Northumberland Park (Tyne & Wear) station which is 4.1 kilometres away.
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According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 Preston Gate, North Shields, NE29, 43.3% of property is privately owned with a mortgage and 36.2% 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 Preston Gate, North Shields, NE29, 19.0% of residents are recorded as possessing school level qualifications and 30.9% 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 Preston Gate, North Shields, NE29, the average age was 45.1 and the most common age was 57.
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 Preston Gate, North Shields, NE29, 0.7% 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 Preston Gate, North Shields, NE29, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.