NE2 vs NE3: house prices per square metre compared
NE2 (Jesmond) has a median of £3,020 per m² against £2,830 in NE3 (Gosforth). NE2 is the more expensive of the two: NE3 is 6.3% cheaper per m². The figures come from 165 and 562 matched sales in the last 12 months of HM Land Registry data.
£270,000, the median sale price in NE2, buys about 89 m² there and about 95 m² in NE3, a difference of 6 m² at each district’s own median. Over the 10 years to Q1 2026, NE3 moved +2.8% a year against NE2 at +2.3% a year, before inflation.
Sales in the last 12 months.
| Measure | NE2High confidence Jesmond, Newcastle upon Tyne £3,020median per m² | NE3High confidence Gosforth, Newcastle upon Tyne £2,830median per m² | Difference |
|---|---|---|---|
| Median price per m² | £3,020 | £2,830 | −6.3% |
| Median sale price | £270,000 | £275,000 | +1.9% |
| Middle 60% of salesp20 to p80 | £2,540–£3,670 | £2,140–£3,630 | |
| Sales (last 12 months) | 181 | 623 | +442 |
| With a matched floor areaThe denominator behind each median per unit area | 165 | 562 | +397 |
| Mean floor area (matched sales) | 113 m² | 106 m² | −6.5% |
| Annual change over 9.8 years | +2.3% a year | +2.8% a year | +0.5 pts |
| By property typeMedian price per m² for each property type sold in the last 12 months. | |||
| Detached | no sales | £3,800n = 59 | n/a |
| Semi-detached | no sales | £2,810n = 207 | n/a |
| Terraced | £3,080n = 55 | £2,770n = 203 | −10.1% |
| Flat | £2,920n = 95 | £2,450n = 93 | −16.1% |
| Difference: NE2 minus NE3. | |||
| All NE2 sold prices | All NE3 sold prices |
Each trend line is that district’s own quarterly median price per square metre, scaled to its own range: compare directions, not heights. Gaps are quarters with too few matched sales to publish a median.
Frequently asked questions
Why compare NE2 and NE3 on price per square metre rather than price?
A raw sale price mostly reflects how big homes are; price per square metre corrects for size, so NE2 and NE3 can be compared on what a buyer actually gets for the money. Both figures here are medians of sold price divided by EPC floor area, from HM Land Registry sales, computed the same way for both areas.
Why do NE2 and NE3 show different numbers of sales?
The two districts are different sizes and trade at different rates, and each figure is computed over the matched sales its own area produced in its stated window. The matched-sale count is printed beside each median because it is that median's own denominator.
Compare other areas
Or browse the league tables for the most expensive and best value districts, every comparison page, or the free dataset behind these figures.
Contains HM Land Registry data © Crown copyright and database right 2026 · Licensed under the Open Government Licence v3.0 · Floor areas from the Energy Performance of Buildings Register · how these figures are made