# NE8 4QY Area Summary
NE8 4QY covers part of Gateshead, specifically an area that falls within the wider Bensham district. This postcode sector represents a notably affordable segment of the Tyneside property market, with an average property price of approximately £56,590 based on 75 properties. This figure sits well below both regional and national averages, indicating this is one of the more budget-friendly areas in the North East for property buyers.
The exceptionally low average price point suggests the local market is dominated by flats and maisonettes, likely including a significant proportion of ex-local authority housing and purpose-built apartment blocks. Properties in this price bracket typically attract first-time buyers, buy-to-let investors targeting the rental market, and those seeking affordable accommodation close to Newcastle city centre. The area benefits from reasonable transport links into Newcastle and Gateshead town centre, making it a practical choice for commuters and students despite the lower property values. As with many similar postcodes in Gateshead, the area offers urban convenience at entry-level prices, though potential buyers should conduct thorough due diligence regarding individual property conditions and local amenities.
The average house price in NE8 4QY, Gateshead is £56,590. Prices range from £10,500 to £270,000.
There are 75 properties in NE8 4QY, Gateshead.
NE8 4QY contains 62 flat / maisonette properties, 10 terraced properties, 2 other properties, 1 semi-detached properties.
Average house prices in NE8 4QY have risen by 338.6% from £21,833 in 1995 to £95,750 in 2024.
NE8 4QY is located in Gateshead, Tyne And Wear, England.