Housing Market Analysis for SCHOLARS CLOSE, NE16 5AZ

Are you looking to understand NE16 5AZ house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this Gateshead postcode.

For the location information and nearby amenities in the NE16 5AZ area, explore the NE16 5AZ Area information page.
For comprehensive crime statistics in the NE16 5AZ area, explore the NE16 5AZ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE16 5AZ postcode area, The average prices are as follows,

  • Semi-Detached
    • The average price is around £239,158 median price is £205,000 Standard Deviation is £95,374 with Total Sold: 6
    • The Last 5 Year average price is £239,158 with Total Sold: 6
    • The most recent sale happened at this postcode is 5 SCHOLARS CLOSE: £215,000 (Sold on 31 Oct 2023)
    • The first recorded sale happened at this postcode is 4 SCHOLARS CLOSE: £195,000 (Sold on 01 Dec 2023)
  • Detached
    • The average price is around £285,985 median price is £284,952 Standard Deviation is £32,660 with Total Sold: 23
    • The Last 5 Year average price is £287,375 with Total Sold: 16
    • The most recent sale happened at this postcode is 16 SCHOLARS CLOSE: £325,000 (Sold on 27 Nov 2023)
    • The first recorded sale happened at this postcode is 21 SCHOLARS CLOSE: £245,000 (Sold on 01 Dec 2023)
  • Terraced
    • The average price is around £157,225 median price is £152,450 Standard Deviation is £17,042 with Total Sold: 4
    • The Last 5 Year average price is £157,225 with Total Sold: 4
    • The most recent sale happened at this postcode is 3 SCHOLARS CLOSE: £185,000 (Sold on 29 Jul 2021)
    • The first recorded sale happened at this postcode is 3 SCHOLARS CLOSE: £154,950 (Sold on 12 Apr 2019)
  • Other
    • The average price is around £275,000 median price is £275,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is 13 SCHOLARS CLOSE: £275,000 (Sold on 28 Jul 2017)
    • The first recorded sale happened at this postcode is 13 SCHOLARS CLOSE: £275,000 (Sold on 28 Jul 2017)

Sold Price Trend Over the Years:

Below table and chart gives the average NE16 5AZ house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£208,333 £2,572 3
2021£450,000 £1,520 1
2019£179,975 £2,222 2
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£276,667 £5,098 3
2024£343,5002
2021£318,333 £5,011 3
2020£270,601 £2,293 2
2019£264,134 £3,654 6
2018£282,807 £4,035 7
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£185,000 £2,467 1
2019£147,967 £1,973 3
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2017£275,0001

All the Sales in the SCHOLARS CLOSE, NE16 5AZ

See the table below for more details on the sold house prices in the NE16 5AZ, Gateshead postcode.

AddressSold DatePrice% Change
5 SCHOLARS CLOSESemi-Detached, FreeholdArea: 81 Sq.mtr31 Oct 2023£215,0000.0
28 Feb 2023£215,00019.44%
04 Jun 2019£180,000First Sale
16 SCHOLARS CLOSEDetached, Freehold27 Nov 2023£325,00020.37%
27 Sep 2019£270,000First Sale
17 SCHOLARS CLOSEDetached, Freehold24 Jul 2024£350,00016.69%
30 Nov 2018£299,950First Sale
21 SCHOLARS CLOSEDetached, FreeholdArea: 51 Sq.mtr13 Nov 2023£260,0008.36%
28 May 2019£239,950-2.06%
01 Dec 2023£245,000First Sale
3 SCHOLARS CLOSETerraced, FreeholdArea: 75 Sq.mtr29 Jul 2021£185,00019.39%
12 Apr 2019£154,950First Sale
9 SCHOLARS CLOSEDetached, FreeholdArea: 51 Sq.mtr01 Mar 2021£320,0006.68%
07 Dec 2018£299,950First Sale
7 SCHOLARS CLOSEDetached, FreeholdArea: 124 Sq.mtr12 Feb 2021£320,00012.30%
16 Aug 2019£284,952First Sale
18 SCHOLARS CLOSEDetached, FreeholdArea: 51 Sq.mtr13 Jan 2021£315,0005.02%
14 Dec 2018£299,950First Sale
CHEVIOT VIEW SCHOLARS CLOSESemi-Detached, FreeholdArea: 296 Sq.mtr13 Jan 2021£450,000First Sale
19 SCHOLARS CLOSEDetached, FreeholdArea: 118 Sq.mtr27 Mar 2020£280,000First Sale
6 SCHOLARS CLOSEDetached, FreeholdArea: 118 Sq.mtr03 Mar 2020£261,202First Sale
4 SCHOLARS CLOSESemi-Detached, FreeholdArea: 81 Sq.mtr20 Dec 2019£179,950-7.72%
01 Dec 2023£195,000First Sale
11 SCHOLARS CLOSEDetached, FreeholdArea: 118 Sq.mtr09 Dec 2019£265,000First Sale
2 SCHOLARS CLOSETerraced, FreeholdArea: 75 Sq.mtr25 Oct 2019£139,000First Sale
1 SCHOLARS CLOSETerraced, FreeholdArea: 75 Sq.mtr24 May 2019£149,950First Sale
20 SCHOLARS CLOSEDetached, FreeholdArea: 50 Sq.mtr11 Apr 2019£239,950First Sale
8 SCHOLARS CLOSEDetached, FreeholdArea: 51 Sq.mtr05 Apr 2019£284,950First Sale
14 SCHOLARS CLOSEDetached, FreeholdArea: 69 Sq.mtr14 Dec 2018£239,950First Sale
15 SCHOLARS CLOSEDetached, FreeholdArea: 124 Sq.mtr07 Dec 2018£299,950-10.99%
09 Aug 2024£337,000First Sale
12 SCHOLARS CLOSEDetached, FreeholdArea: 105 Sq.mtr07 Dec 2018£239,950First Sale
10 SCHOLARS CLOSEDetached, FreeholdArea: 51 Sq.mtr07 Dec 2018£299,950First Sale
13 SCHOLARS CLOSEOther, Freehold28 Jul 2017£275,000First Sale

Check out the sold house prices near the NE16 5AZ postcode. Properties currently for saleProperties currently for rent

SCHOLARS CLOSE, NE16 5AZ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE16 5AZ postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the NE16 5AZ postcode.

  • Detached
    • The average price is around £268,326 median price is £261,202 Standard Deviation is £132,237 with Total Sold: 53
    • The Last 5 Year average price is £343,650 with Total Sold: 20
    • The most recent sale happened at this postcode is , 15 SCHOLARS CLOSE: £337,000 (Sold on 09 Aug 2024)
    • The first recorded sale happened at this postcode is , 47 ST CUTHBERTS PARK: £79,500 (Sold on 19 Apr 1995)
  • Terraced
    • The average price is around £84,474 median price is £80,000 Standard Deviation is £40,911 with Total Sold: 167
    • The Last 5 Year average price is £126,527 with Total Sold: 32
    • The most recent sale happened at this postcode is , 21 CUTHBERT STREET: £100,000 (Sold on 28 Mar 2024)
    • The first recorded sale happened at this postcode is , 33 CUTHBERT STREET: £33,250 (Sold on 16 Jun 1995)
  • Semi-Detached
    • The average price is around £129,622 median price is £108,889 Standard Deviation is £82,853 with Total Sold: 47
    • The Last 5 Year average price is £225,272 with Total Sold: 9
    • The most recent sale happened at this postcode is , 4 SCHOLARS CLOSE: £195,000 (Sold on 01 Dec 2023)
    • The first recorded sale happened at this postcode is , 5 SANDYGATE MEWS: £60,000 (Sold on 13 Mar 1995)
  • Other
    • The average price is around £239,888 median price is £187,500 Standard Deviation is £219,010 with Total Sold: 4
    • The Last 5 Year average price is £292,275 with Total Sold: 2
    • The most recent sale happened at this postcode is , TYNE VIEW NURSING HOME CUTHBERT STREET: £580,000 (Sold on 03 May 2023)
    • The first recorded sale happened at this postcode is , TYNE VIEW NURSING HOME CUTHBERT STREET: £100,000 (Sold on 05 Feb 2015)
  • Flat
    • The average price is around £82,500 median price is £82,500 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is , 5 CUTHBERT STREET: £82,500 (Sold on 19 Sep 2006)
    • The first recorded sale happened at this postcode is , 5 CUTHBERT STREET: £82,500 (Sold on 19 Sep 2006)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£343,5002
2023£276,667 £5,098 3
2021£437,000 £3,855 5
2020£396,550 £1,908 4
2019£264,134 £3,654 6
2018£276,831 £3,843 8
2017£520,0001
2016£333,667 £2,502 3
2015£230,000 £1,756 1
2011£450,0001
2010£240,000 £2,480 1
2007£340,0001
2005£207,5001
2003£176,565 £1,350 3
2002£164,983 £883 3
2001£108,333 £1,188 3
2000£108,000 £788 1
1997£147,665 £708 3
1995£81,500 £605 3
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£124,000 £1,282 2
2023£107,750 £1,265 10
2022£131,625 £1,682 8
2021£161,990 £1,971 5
2020£103,750 £1,178 2
2019£130,580 £1,686 5
2018£126,667 £1,592 3
2017£74,000 £666 3
2016£106,800 £1,321 5
2015£86,500 £1,028 4
2014£123,500 £1,479 2
2013£85,000 £1,003 6
2012£115,833 £1,527 3
2011£116,000 £1,480 2
2009£95,000 £1,078 1
2008£91,200 £1,031 5
2007£112,806 £1,252 8
2006£106,300 £1,319 5
2005£105,214 £1,445 7
2004£78,900 £1,010 5
2003£84,496 £924 14
2002£64,480 £962 10
2001£55,929 £621 7
2000£44,356 £532 8
1999£43,150 £545 9
1998£54,438 £722 8
1997£35,977 £443 11
1996£38,414 £509 7
1995£30,6002
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£208,333 £2,572 3
2022£232,500 £3,067 1
2021£329,500 £2,139 2
2019£170,317 £2,280 3
2018£158,750 £2,797 2
2017£420,000 £2,373 1
2014£140,000 £2,295 1
2013£178,000 £1,576 1
2012£137,500 £2,594 1
2009£164,500 £1,456 1
2008£128,378 £2,405 5
2006£123,000 £1,745 4
2004£108,150 £1,818 3
2003£93,250 £1,739 4
2002£74,650 £1,287 3
2001£52,500 £1,051 1
2000£56,500 £1,033 2
1999£57,500 £975 2
1998£59,167 £949 3
1997£46,500 £789 2
1996£41,000 £821 1
1995£60,0001
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£580,0001
2019£4,550 £52 1
2017£275,0001
2015£100,0001
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2006£82,500 £1,034 1

House Type in NE16 5AZ area

The most common house types in the NE16 5AZ postcode area are Semi-detached (93), Detached (52), and Terraced (11).

Total156
Semi-detached93
Detached52
Terraced11
Flat0
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns with a mortgage or loan (67), and Owned: Owns outright (52).

Owned: Owns with a mortgage or loan67
Owned: Owns outright52
Social rented: Rents from council or Local Authority20
Private rented: Private landlord or letting agency11
Private rented: Other private rented6
Social rented: Other social rented1
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the NE16 5AZ have 2 people in household (46), and 1 person in household (40).

2 people in household46
1 person in household40
3 people in household31
4 people in household26
5 people in household5
6 people in household4
7 people in household2
8 or more people in household1
0 people in household0