Tyne and Wear: Property, Schools and Retirement Costs
Across the 6 Tyne and Wear locations we cover, the average property price is £205,000 and Band D council tax averages £2,448. Tynemouth is the most expensive at £400,000, Hebburn the least at £140,000.
Across the 6 Tyne and Wear locations we cover, the average property price is £205,000 and Band D council tax averages £2,448. Tynemouth is the most expensive at £400,000, Hebburn the least at £140,000.
Buying a home in Tyne and Wear
The county average is £205,000. Across these locations 1 school holds an Outstanding Ofsted rating and 9 schools are rated Good. School quality is the main reason prices differ between towns a few miles apart.
A 10% deposit on the county average is £20,500. Tynemouth runs 95% above that average, so the same deposit reaches further in Hebburn.
Average property price across Tyne and Wear
Later life and property wealth in Tyne and Wear
Owners aged 55 and over across Tyne and Wear sit on an average £205,000 of property value. Typical release at 65 is around £69,700, and interest compounds against the estate from day one.
Downsizing within the county is the alternative most people skip. It costs fees and stamp duty but carries no compounding interest. Both routes are compared in the town guides below.
Retirement costs across Tyne and Wear
Band D council tax averages £2,448 across these locations. That is £204 a month before anything else. Authorities set their own rate, so the bill can change with a short move.
Housing is the fixed line in any retirement budget. Each town guide converts the local figure into the pot needed to cover it at a 4% withdrawal rate.
Towns at a glance
| Town | Average price | Band D | Good or better schools | Guides |
|---|---|---|---|---|
| Tynemouth | £400,000 | £2,462 | 2 | Mortgage, Equity release, Pensions |
| Whitley Bay | £240,000 | £2,462 | 1 | Mortgage, Equity release, Pensions |
| South Shields | £160,000 | £2,434 | 2 | Mortgage, Equity release, Pensions |
| Wallsend | £150,000 | £2,462 | 1 | Mortgage, Equity release, Pensions |
| Hebburn | £140,000 | £2,434 | 2 | Mortgage, Equity release, Pensions |
| Jarrow | £140,000 | £2,434 | 2 | Mortgage, Equity release, Pensions |
Compare towns directly
Side by side on price, deposit, schools and running costs.
Ask about Hebburn
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Guides across Tyne and Wear
- Hebburn: School Catchments and House Prices in Hebburn, The Real Cost of Buying a First Home in Hebburn, Downsizing in Hebburn: What You Would Actually Release, Council Tax in Hebburn: What Band D Really Costs
- Jarrow: School Catchments and House Prices in Jarrow
- South Shields: School Catchments and House Prices in South Shields, The Real Cost of Buying a First Home in South Shields, Downsizing in South Shields: What You Would Actually Release
- Tynemouth: School Catchments and House Prices in Tynemouth, The Real Cost of Buying a First Home in Tynemouth, Downsizing in Tynemouth: What You Would Actually Release, Council Tax in Tynemouth: What Band D Really Costs
- Wallsend: School Catchments and House Prices in Wallsend, The Real Cost of Buying a First Home in Wallsend, Downsizing in Wallsend: What You Would Actually Release
- Whitley Bay: School Catchments and House Prices in Whitley Bay, The Real Cost of Buying a First Home in Whitley Bay, Downsizing in Whitley Bay: What You Would Actually Release
Check broadband before you make an offer in Tyne and Wear
Broadband speeds can vary street by street in Tyne and Wear, so check the exact address before you commit. Ofcom's free checker shows which broadband speeds and mobile coverage are available at any UK property.
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Questions people ask
Where are house prices highest in Tyne and Wear?
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Does That's Family Finance cover the whole of Tyne and Wear?
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Your home may be repossessed if you do not keep up repayments on your mortgage.