There are numerous neighbourhoods across the region where homes have increased in value by at least 400% since 2000.
In one area, the average house price has soared by a staggering 940% during that time.
In Elswick South, a typical home that would have cost you £20,000 in September 2000 is now worth £207,995, based on the latest localised figures for September 2025.
That is slightly above the average house price in Newcastle of £205,000, as of February 2026, following a 3.3% annual rise city-wide.
The neighbourhood, which lies just a couple of miles west of Newcastle city centre and has a rich industrial heritage, has seen the 15th biggest percentage rise in house prices of anywhere in England and Wales, and the biggest by far in the North East.
Earlier this year, Elswick South was awarded £20 million of Pride in Place funding to improve public spaces, access to services and job opportunities, with local people invited to help decide how that money should be spent.
Below are the 14 places across the North East, including Elswick South, that saw the biggest percentage increase in house prices between September 2000 and September 2025, according to the latest figures from the Office for National Statistics.
Is your neighbourhood among them?
1. Elswick South
The average house price in Elswick South, Newcastle, has risen by 940.0% since September 2000, from £20,000 to £207,995 | Google
2. Central Stockton & Portrack
The average house price in Central Stockton & Portrack, Stockton-on-Tees, has risen by 710.8% since September 2000, from £16,280 to £132,000 | Google
3. Nunsmoor
The average house price in Nunsmoor, Newcastle, has risen by 533.8% since September 2000, from £34,000 to £215,500 | Google
4. Walker South
The average house price in Walker South, Newcastle, has risen by 509.8% since September 2000, from £20,500 to £125,000 | Google