Cheap Places To Live In Newcastle: 10 Affordable Areas UK

Beyond Newcastle’s ship and steam train construction past, and the hometown for the likes of Sam Fender and Declan Donnelly,  Newcastle offers some of the cheapest and most affordable property in the UK. This is why it has become a hot spot for buy to lets and investors flocking to the area.

Whether you’re  searching for a permanent Newcastle home, or a new profitable investment property, Newcastle offers amazing opportunities. With an average house price of £215,966, considerably more affordable than the UK average – the Newcaslte housing market offers a compelling proposition. 

Looking to save some cash in Newcastle? Check out these top 10 budget-friendly neighbourhoods to live in 2024! From the charming Buyer to the lively Hebburn, you’ll find affordable housing options without compromising on quality of life.

10 Cheap places to live in Newcastle

Are you looking for the cheapest place in Newcastle to move to? Then look no further. From the business focused Westgate Road, to the affordable South Benwell, we’ve uncovered some of the cheapest areas to buy a house in Newcastle. 

Whether you’re looking for a commuter town, a student area or a diverse community, these areas offer exciting opportunities to find the perfect affordable home, according to Rightmove.

10. Hebburn, NE31:

• Average house price: £161,094

• Average house deposit: £24,164

Located in South Tyneside, Hebburn offers a mix of terraced houses, semi-detached houses and new build estates, making it suitable for first-time buyers, families and anyone seeking affordable housing. The community is diverse, with a mix of ages and working-class families.

9. Blakelaw, NE5:

• Average house price: £154,841

• Average house deposit: £23,226

Situated northwest of Newcastle, Blakelaw is primarily composed of council estates with some private housing bought through the Right to Buy scheme. It’s an ideal location for budget-conscious buyers and investors, primarily attracting an economically disadvantaged population. 

8. Elswick, NE4:

• Average house price: £151,669

• Average house deposit: £22,750

• Average salary: 28,592

This western Newcastle area offers diverse housing options, including terraced, semi-detached, and detached properties, making it popular with growing families. It features parks, a cemetery, and a mix of cultures, attracting residents of various ages and ethnicities, including a growing student population.

7. Wallsend, NE28:

• Average house price: £147,922

• Average house deposit: £22,188

Bordering Newcastle’s eastern edge in North Tyneside, Wallsend provides a mix of historic terraced and modern developments, attracting families, young professionals and commuters. It has a diverse population with varying ages and income levels. 

6. Walker, NE6:

• Average house price: £139,510

• Average house deposit: £20,927

Situated on Newcastle’s eastern edge near the coast, Walker offers mostly terraced housing and flats. It attracts first-time buyers and those seeking affordable options, with a current demographic primarily consisting of working-class families. 

5. Pelaw, NE10:

• Average house price: £137,641

• Average house deposit: £20,646

Located in Gateshead, Pelaw offers a mix of terraced, semi-detached, and larger properties. It’s suitable for families and commuters to Newcastle or Gateshead, with a diverse population in terms of age and income. 

4. Point Pleasant, NE28:

• Average house price: £123,723

• Average house deposit: £18,558

• Average salary: £29,019

Located in Wallsend, North Tyneside, Point Pleasant offers various housing types and is known for its proximity to the coast. It attracts families seeking coastal living and has a mixed demographic. 

3. Cowgate, NE5:

• Average house price: £123,423

• Average house deposit: £18,513

• Average salary: £28,592

Situated in outer Newcastle to the northwest, Cowgate consists mainly of council estates and some privately owned homes. It attracts buyers and investors looking for deals on properties, with a predominantly working-class population. 

2. Benwell, NE15:

• Average house price: £122,847

• Average house deposit: £18,427

• Average salary: £29,161

Located in western Newcastle, Benwell offers a mix of terraces, semi-detached houses and flats. It’s a popular choice for first-time buyers, families and those seeking affordable housing. The population is mainly working-class with varying ages and incomes. 

1. Byker NE6:

• Average house price: £100,793

• Average house deposit: £15,118

• Average salary: £29,676

East of Newcastle’s city centre and near the River Tyne, Byker is known for its unique Byker Wall estate and other housing types. It attracts those seeking unique properties, first-time buyers, young professionals, artists and young people. 

What is the cheapest neighbourhood in Newcastle 2024?

Our research team analysed recent HM Land Registry data (starting January 1st 2024), and Mersey Street in Chopwell has emerged as the most affordable neighbourhood in Newcastle in 2024, with an average house price of £38,000. While only one house was sold on the street in 2024 for £35,000, it marked the lowest price in the entire city.

This affordability aligns with a broader trend of declining property values on Mersey Street, with prices in the last year falling 33% compared to the previous year and a significant 46% compared to the 2007 peak of £70,043.

Situated in the North East region of England, Mersey Street is located within the Chopwell and Rowlands Gill ward/electoral division, part of the Blaydon constituency. 

With HM Land Registry data dating back to 1995, the street has witnessed 59 property sales. The housing landscape predominantly consists of terraced houses (124), accompanied by a few detached (4) and semi-detached (9) properties. 

The majority of houses on Mersey Street are privately rented (62), followed by those owned outright (34), with a mortgage (19), and council-owned properties (16). The demographic competition is notable for its prevalence of single-person households (57), and a significant portion of the 240 residents are classified as deprived (31 are not deprived). 

Is Chopwell a bad area to live in?

The closure of Chopwell’s coal mine in 1966 left a lasting impact on the village, leading to economic hardship and a lack of employment opportunities. With limited transport links and a main street marred by boarded-up shops, the village faces challenges such as crime, mental health issues, and substance abuse.

Yet, amidst these difficulties, Chopwell retains its natural beauty, offering residents opportunities for relaxation and outdoor recreation in Chopwell Wood and the Derwent Valley. 

Recognising the need for change, a group of residents established the Chopwell Regeneration Group (CRG) in 2017. This grassroots organisation, born from extensive community consultation, aims to address the village’s concerns and revitalise the area. 

In its early stages, the CRG focused on improving Chopwell’s aesthetics and fostering community spirit through initiatives like creating allotments and orchards, planting trees and enhancing signage, and organising events. 

Building on these successes, the group set its sights on a more ambitious project: transforming the derelict former Lloyds Bank into a vibrant enterprise and welfare centre. 

Completed in 2020 and opened in March 2022, “The Bank” has become a cherished community hub, attracting an average of 450 visitors each week. It provides a welcoming space for social interaction, activities and support services, particularly for those struggling with isolation and poverty. 

Early indications suggest that The Bank is fostering a sense of community, empowerment and optimism among Chopwell’s residents. 

Should you move to the cheapest place in Newcastle?

The decision to move to Mersey Street in Chopwell hinges on a careful consideration of your priorities and lifestyle. On one hand, the area boasts exceptionally low house prices, making it an attractive prospect for first-time buyers and investors alike. 

The allure of Chopwell’s natural beauty, with its ample opportunities for outdoor recreation in Chopwell Wood and the Derwent Valley, further adds to its appeal. Moreover, the presence of the Chopwell Regeneration Group actively working toward revitalising the village, coupled with the establishment of “The Bank” as a community hub, demonstrates a strong sense of community spirit and a commitment to progress. 

However, potential residents must also weigh the challenges facing the area. The closure of the coal mine in 1966 has left a lasting economic impact, resulting in limited employment opportunities and a struggling local economy. 

Mersey Street may be a suitable choice for first-time buyers seeking affordable housing, investors looking for Buy To Let opportunities, or individuals prioritising tranquillity and natural surroundings. Those passionate about contributing to positive community change might also find the CRG’s efforts inspiring.

What are the cheap places to live near Newcastle?

What is the most deprived area in Newcastle?

Walker South is the most deprived area within Newcastle upon Tyne. A staggering 73.1% of households in this area face deprivation in at least one aspect of life, including employment, education, health, disability or housing. 

This means that a significant portion of residents in Walker South are grappling with challenges such as unemployment, low educational attainment, poor health outcomes, disability-related difficulties, or inadequate housing conditions. 

Compounding these challenges, the average annual household income in Walker South is a mere £24,700. This figure falls considerably below both the national average of £32,300 and the average household income in Walker, which is £28,100. 

The median age in Walker, which includes Walker South, is 42, slightly higher than the national average, suggesting a mix of age groups but a higher proportion of older residents who may face additional challenges related to income and health.

Such low-income levels can exacerbate existing problems and create barriers to accessing essential services and opportunities, further perpetuating the cycle of deprivation in the area.

The Index of Multiple Deprivation (IMD), which ranks areas based on various factors including income, employment, education, health, crime, and housing, places Walker within the top 10% of the most deprived areas in England. 

Although there are amenities in Walker South such as a Tesco Express, Greggs, Post Office, Lloyds Bank and pubs, the high deprivation levels suggests that residents may struggle to access necessities and opportunities for a good quality of life.

The demographic makeup of the area is diverse, with the majority of residents being born in England (92.9%) and Christianity being the primary religion (68.2%). However, the high deprivation rate indicates that these communities are facing significant challenges regardless of their backgrounds.

Is Newcastle a low income area?

Newcastle upon Tyne is a city of contrasts, with a diverse population and a mixed economic landscape. While the city has experienced growth, with its population increasing from 289,800 in 2014 to approximately 292,700, and a decrease in unemployment to 6.9% significant challenges remain, particularly concerning poverty and deprivation.

The city is home to a young and diverse population, with 20.3% aged 15024 and 13.4% born outside of the UK. However, Newcastle is the 53rd most deprived local authority area in England out of 326. 

This means that while some areas of the city are relatively affluent, 23% of the population lives in the 10% most deprived areas nationally. Child poverty is a particular concern, with 57% of 0-4 year olds and 55% of 5-14 year olds in the 30% most deprived areas in England.

Education and employment levels also paint a mixed picture. While unemployment has decreased, it remains above the national average of 4.8%. Education attainment is below the national average, with only 35.4% of young people achieving ‘good’ GCSEs (grades 5-9) in 2017, compared to the England average of 42.6%. 

Additionally, 18.4% of jobs in Newcastle do not pay the National Living Wage.

Newcastle’s housing situation is also diverse, with approximately 50,000 households owning their property and others renting from Housing Associations or private landlords. However, the city faces challenges related to urban decline and deprivation, particularly in areas with high unemployment and dilapidated housing.

Despite these challenges, Newcastle has made strides in waste management and environmental sustainability. The city has invested in recycling and waste reduction initiatives, with the aim of reducing household waste from 13 kg per week in 2018 to 8 kg per week by 2030.

While Newcastle is not uniformly a low-income area, it does have pockets of significant deprivation and faces challenges related to poverty, education and employment. These issues are not evenly distributed across the city, with some areas experiencing higher levels of deprivation than others. 

Which areas of Newcastle are facing the most regeneration?

Newcastle upon Tyne is undergoing significant regeneration, driven by a combination of public and private investment. Several key areas within the city are experiencing substantial transformation including:

These are just a few of the key areas undergoing regeneration in Newcastle. The city’s commitment to revitalisation and growth is evident in the numerous ongoing and planned projects, aimed at transforming Newcastle into a thriving, modern city with a strong economy and high quality of life for its residents. 

What is the least deprived area of Newcastle?

The least deprived area in Newcastle is undeniably Gosforth, particularly the South Gosforth ward, where the average annual household income reaches £52,500 - a substantial £27,800 more than the least affluent area of Walker South.

This affluence is further reflected in the property market, with Gosforth boasting the most expensive street in Newcastle, Graham Park Road, where the average house price soars to £1,600,000. 

The overall average house price in Gosforth in 2024 stands at a considerable £308,706, with semi-detached properties being the most popular type of sale in the last year, averaging £322,648. Terraced properties follow closely behind with an average price of £310,710, while flats fetch a comparatively modest £166,264. 

It’s no wonder Gosforth is a highly sought-after residential haven, offering a desirable combination of suburban tranquillity and convenient access to the city centre. This area’s abundant green spaces, reputable schools, diverse range of housing options, and excellent transport links make it an attractive choice for those seeking a comfortable and well-connected lifestyle.

How to sell a house in cheap Newcastle areas?

Selling your house on the open in cheap Newcastle areas requires a slightly different approach than if you were to sell in an averagely priced area. We would recommend following this checklist when selling in low house priced areas:

1. Understand your target audience: Research the demographics of people most likely to purchase in your area. Are they first time buyers, property investors, or families seeking budget-friendly housing? Tailoring your marketing strategy to your target audience will increase interest.

2. Set a realistic asking price: Pricing competitively is crucial in less expensive areas. Consult with local estate agents to establish a fair market value that reflects current property values in the area. Overpricing can significantly delay the sale.

3. Emphasise local amenities and transport links: Buyers in affordable areas often prioritise convenience. Highlight the proximity to public transportation, schools, shops, parks and any other amenities that enhance the area’s appeal.

4. Enhance kerb appeal and interiors: First impressions are key. Simple improvements such as maintaining a tidy garden, applying a fresh coat of paint and ensuring a clean, uncluttered interior can significantly enhance your property’s appeal. 

5. Consider cost-saving: If feasible, invest in minor upgrades that can differentiate your home from the next on the open market. This could involve updating fixtures and fittings, modernising the bathroom or improving energy efficiency.

6. Utilise professional photography: High-quality photos can seriously impact a property’s online perception. Professional estate agent photography showcases your home in its best light, attracting potential buyers.

7. Be open to negotiation: Buyers in affordable areas may seek to negotiate the price and terms. Be prepared for this and determine your lowest acceptable price before entering negotiations.

8. Anticipate investor interest: Affordable areas often attract property investors. Be prepared for this type of buyer who will look to give you below market value offers with cash (meaning you get money faster than traditional mortgage buyers). 

Even in areas with lower house values, housing demand exists. By following these tips to selling your house in a cheap Newcastle area, you may just be able to sell fast. But, if you can’t, continue reading for the easiest way to sell a house in cheap Newcastle areas…

What’s the easiest way to sell a house in cheap Newcastle areas?

If you are only beginning to sell your house, or it’s sat stagnant on the market, then you will find selling your house with us is the easiest way to sell a house in a cheap Newcastle area. We are a cash house buyer, with a proven track record of helping people in Newcastle sell their homes easily and quickly. We have over a century of experience in the buying and selling houses industry, and we can work with you to get the price point you need and want.

We have three arms to our business:

• Cash house buyer: Sell in as little as 7 days, but expect a 80% to 90% below market value offer.

• House auction: Sell in as little as 7 days, or up to 1 month, but expect a 85% to 95% below market offer.

• Modern estate agent: Sell in as little as 28 days and reach 95%+ market value. 

If you choose the cash house buying route, we have our own cash funds, which means you don’t need to wait around for mortgage approvals or deal with frustrating property chains.

We will handle all the aspects of the house sale, including all the paperwork, and even cover your legal fees. And the best bit? We can completely tailor our service to work around you, whether that be 7 days or 3 months. 

Ready to sell your home in Newcastle? Get started today!