# NE8 4AJ Area Summary
NE8 4AJ is located in Gateshead, Tyne and Wear, specifically covering parts of the Teams and Bensham areas. This postcode represents one of the most affordable residential markets in the North East, with an average property price of approximately £60,187 based on 62 properties. This price point is significantly below both regional and national averages, reflecting the area's position as an accessible entry point for first-time buyers and property investors seeking rental opportunities in the Tyneside conurbation.
The exceptionally low average price suggests the local market is predominantly composed of flats and maisonettes, likely including former local authority housing and purpose-built apartment blocks. Properties in this postcode area typically attract buyers looking for affordable housing with good transport links to Newcastle city centre, which lies just across the River Tyne. The area benefits from its proximity to Gateshead town centre and the wider regeneration initiatives that have transformed parts of the Tyneside area, though this particular postcode remains at the budget end of the market, offering practical, no-frills accommodation rather than premium housing stock.
The average house price in NE8 4AJ, Gateshead is £60,187. Prices range from £14,500 to £127,500.
There are 62 properties in NE8 4AJ, Gateshead.
NE8 4AJ contains 39 flat / maisonette properties, 23 terraced properties.
Average house prices in NE8 4AJ have risen by 224.7% from £27,414 in 1995 to £89,000 in 2024.
NE8 4AJ is located in Gateshead, Tyne And Wear, England.