Mortgage advice in Newcastle upon Tyne

If you’re looking for mortgage advice, you can speak to a Rest Less Mortgages advisor and get high quality advice on residential, retirement interest-only, equity release and buy-to-let mortgages.

Buying a property in Newcastle upon Tyne

The average overall price of a property in Newcastle upon Tyne is £184,656, with house prices in the city up 8.8% year-on-year.

The average price of a detached property in the city of Newcastle was £374,166, whilst semi-detached houses sold for an average of £215,842. Flats sold for an average of £119,227, with terraced properties fetching £180,171.

Source: HM Land Registry. Figures shown are the latest available (May 2022).

Average house price in Newcastle:


8.8% increase YoY

Cost comparison of houses and flats in Newcastle upon Tyne

Cost comparison - Newcastle - May 2022

Source: HM Land Registry. Figures shown are the latest available (May 2022).

Looking to buy property in Newcastle upon Tyne? Speaking to an experienced mortgage advisor can help you to understand your options and get a great deal on your mortgage. Book a free, no-obligation call with an experienced mortgage advisor** at Rest Less Mortgages or call 020 7153 6011 now.

Property sold in Newcastle upon Tyne

There have been 13.5k property sales in the Newcastle postcode area over the past year and with sales falling by 19% (-3.7k transactions) compared to the previous year. Most properties were sold in the £100k-£150k price range with 3783 (28%) properties sold, followed by 2,790 properties (20.6%) sold in the £50k-£100k price range.


About Newcastle upon Tyne

Newcastle upon Tyne, often called just Newcastle, is one of the largest cities in the north of England, home to a population of over 300,000. Newcastle is famed for its nightlife, arts scene and award-winning restaurants.

Newcastle’s storied history means that there is always something new to discover, from buildings dating back to the 11th century to museums documenting its key role in the industrial revolution. Landmarks include the Tyne bridge, Newcastle Cathedral, and the castle that gives the city its name. The iconic Angel of the North sculpture is also situated nearby in Gateshead.

Popular residential areas in Newcastle include Gosforth and Jesmond, both located close to the bustling city centre and offering plenty of schooling. Though not within the city itself, the nearby seaside towns of Tynemouth and Whitley Bay are also popular living spots, boasting scenic beaches and delicious food. Newcastle itself is one of seven cities in the UK with its own Chinatown.

Newcastle is a vibrant place to live for people of all ages and interests. It couldn’t be easier getting around either, thanks to the Tyne and Wear Metro that serves the city and connects it to Gateshead, Sunderland and other coastal towns. The A1 connects Newcastle to London, although you can expect the journey to take around five hours by car. The average journey time by train between Newcastle and London is three hours and 12 minutes, and over 40 trains run between the two cities each day.

If you’re planning to buy a property in Newcastle, you can find out more about the mortgage options that might be available to you, and how they compare, in our articles Mortgages for over 50s: What you need to know and Mortgages for over 60s: what you need to know.

Investing in buy-to-let properties in Newcastle upon Tyne

From being an industrial area with an economy built on coal mining and shipbuilding, the Newcastle economy has evolved in the past few years. The area’s largest employers now include the public sector, financial and professional services, construction, transport and automotive industries.

The change in scene means that lots of jobs have been created. Newcastle is also home to Cobalt Park, which is believed to be the biggest in the UK with over 14,000 people working there.

According to a Royal Mail survey, Newcastle is one of the best cities to live and work in and the cost of living here is cheaper than Edinburgh, London and Bristol. Newcastle also offers good investment opportunities for student property investors.

Find out more about buying a property to let out in our guide Buy to let: A beginner’s guide.

Find out how much you could borrow

Get an idea of how much you can borrow, based on your monthly income and outgoings using our mortgage affordability calculator.

How much can I borrow?

Compare mortgage rates today

If you’d like to find out the kind of deals available on the market now, you can compare mortgage rates from the whole of market in minutes. Our comparison tool makes it easy to try out a few scenarios to see how that affects the mortgage rates available – simply adjust your options to see how that affects the results.

Want to speak to a mortgage advisor?

Speaking to an experienced mortgage advisor can help you to understand your options and get a great deal on your mortgage. If you’re looking for somewhere to start, you can speak to a Rest Less Mortgages advisor and get high quality advice on residential, retirement interest-only, equity release and buy-to-let mortgages.

Other areas you'd like to explore

If you are in the early phases of buying a property and haven’t settled on a location for your future home yet, check out mortgage information and house prices in these areas.

Read our mortgages guides

Whether you’re looking to understand how mortgages work, want to refresh your mortgage knowledge or you’re looking for the latest news in the world of mortgages – our guides are here to help.

Get expert mortgage advice**

If you’d like to talk to someone about your mortgage, you can get high quality advice on residential, retirement interest-only and buy-to-let mortgages from a Rest Less Mortgages advisor.

Get expert mortgage advice**

Source acknowledgement: House price data produced by Land Registry.

This material was last updated on 10 May 2022. It covers the period from 1 May 2021 to 1 May 2022 and contains property transactions which have been registered during that period.

Contains HM Land Registry data © Crown copyright and database right 2022. This data is licensed under the Open Government Licence v3.0.

If you have found an error with the data please contact Her Majesty’s Land Registry (HMLR).

Please note that we charge a fee of £495 for residential, buy-to-let and retirement interest-only mortgages, and £995 for equity release. This only be chargeable upon mortgage completion.

Rest Less Mortgages Ltd is an appointed representative of Julian Harris Mortgages Ltd, Julian Harris House, Musgrove, Ashford. TN23 7UN which is authorised and regulated by the Financial Conduct Authority. Julian Harris Mortgages Ltd FCA Register number is 304155, Co No. 3927189. The Rest Less Mortgages Ltd registered office is: 47 Butt Road, Colchester, England, CO3 3BZ. Registered in England No. 13538805. Please note that some mortgages such as commercial BTLs are not regulated by the FCA. Please see our Privacy Policy.

Think carefully before securing debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it. The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at