Housing Market Analysis for OAKFIELD CLOSE, NE16 5HL

Are you looking to understand NE16 5HL 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 5HL area, explore the NE16 5HL Area information page.
For comprehensive crime statistics in the NE16 5HL area, explore the NE16 5HL Crime Rates page.

Overview of Sold House prices

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

  • Terraced
    • The average price is around £191,056 median price is £244,000 Standard Deviation is £86,229 with Total Sold: 9
    • The Last 5 Year average price is £268,333 with Total Sold: 3
    • The most recent sale happened at this postcode is 1 OAKFIELD CLOSE: £245,000 (Sold on 21 Jan 2022)
    • The first recorded sale happened at this postcode is 7 OAKFIELD CLOSE: £63,000 (Sold on 24 Oct 1997)
  • Semi-Detached
    • The average price is around £204,988 median price is £211,500 Standard Deviation is £19,975 with Total Sold: 4
    • The Last 5 Year average price is £208,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 9 OAKFIELD CLOSE: £208,000 (Sold on 28 Jan 2020)
    • The first recorded sale happened at this postcode is 9 OAKFIELD CLOSE: £172,000 (Sold on 07 Jan 2005)
  • Detached
    • The average price is around £207,500 median price is £207,500 Standard Deviation is £27,500 with Total Sold: 2
    • The most recent sale happened at this postcode is 11 OAKFIELD CLOSE: £235,000 (Sold on 25 May 2007)
    • The first recorded sale happened at this postcode is 5 OAKFIELD CLOSE: £180,000 (Sold on 27 Jan 2006)

Sold Price Trend Over the Years:

Below table and chart gives the average NE16 5HL 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: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£245,000 £2,692 1
2021£300,000 £2,083 1
2019£260,000 £3,059 1
2013£160,000 £1,882 1
2009£244,0001
2007£270,000 £1,875 1
2001£94,0001
1998£83,5001
1997£63,000 £496 1
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2020£208,000 £2,213 1
2014£215,000 £1,731 1
2012£224,950 £2,393 1
2005£172,000 £1,830 1
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2007£235,0001
2006£180,000 £1,915 1

All the Sales in the OAKFIELD CLOSE, NE16 5HL

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

AddressSold DatePrice% Change
1 OAKFIELD CLOSETerraced, FreeholdArea: 91 Sq.mtrAge: 1930-194921 Jan 2022£245,000First Sale
10 OAKFIELD CLOSETerraced, FreeholdArea: 144 Sq.mtrAge: 1930-194928 Jun 2021£300,00011.11%
04 May 2007£270,000First Sale
9 OAKFIELD CLOSESemi-Detached, FreeholdArea: 94 Sq.mtrAge: 1950-196628 Jan 2020£208,00020.93%
07 Jan 2005£172,000First Sale
8 OAKFIELD CLOSETerraced, FreeholdArea: 85 Sq.mtrAge: 1930-194912 Jul 2019£260,00062.50%
15 Mar 2013£160,000First Sale
6 OAKFIELD CLOSESemi-Detached, FreeholdArea: 124.2 Sq.mtrAge: 1950-196609 May 2014£215,000First Sale
5 OAKFIELD CLOSESemi-Detached, FreeholdArea: 94 Sq.mtrAge: 1950-196625 Jun 2012£224,95024.97%
27 Jan 2006£180,000First Sale
2 OAKFIELD CLOSETerraced, Freehold31 Jul 2009£244,000159.57%
27 Apr 2001£94,000First Sale
11 OAKFIELD CLOSEDetached, Freehold25 May 2007£235,000First Sale
12 OAKFIELD CLOSETerraced, Freehold16 Nov 1998£83,500First Sale
7 OAKFIELD CLOSETerraced, FreeholdArea: 127 Sq.mtrAge: 1950-196624 Oct 1997£63,000First Sale

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

OAKFIELD CLOSE, NE16 5HL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE16 5HL 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 5HL postcode.

  • Semi-Detached
    • The average price is around £174,413 median price is £169,950 Standard Deviation is £95,534 with Total Sold: 788
    • The Last 5 Year average price is £261,261 with Total Sold: 142
    • The most recent sale happened at this postcode is , 28 ELSDON ROAD: £249,999 (Sold on 04 Sep 2024)
    • The first recorded sale happened at this postcode is , 51 WARWICK AVENUE: £60,000 (Sold on 24 Feb 1995)
  • Detached
    • The average price is around £288,386 median price is £241,000 Standard Deviation is £183,121 with Total Sold: 431
    • The Last 5 Year average price is £442,456 with Total Sold: 78
    • The most recent sale happened at this postcode is , 4 BIRCHWOOD AVENUE: £207,500 (Sold on 22 Aug 2024)
    • The first recorded sale happened at this postcode is , 13 MILLFIELD ROAD: £180,000 (Sold on 13 Jan 1995)
  • Flat
    • The average price is around £130,520 median price is £134,725 Standard Deviation is £48,253 with Total Sold: 258
    • The Last 5 Year average price is £109,562 with Total Sold: 43
    • The most recent sale happened at this postcode is 52, CHASE COURT RECTORY LANE: £105,000 (Sold on 06 Aug 2024)
    • The first recorded sale happened at this postcode is , 3 SOUTH VIEW TERRACE: £10,000 (Sold on 05 May 1995)
  • Terraced
    • The average price is around £143,259 median price is £128,000 Standard Deviation is £75,755 with Total Sold: 435
    • The Last 5 Year average price is £207,539 with Total Sold: 68
    • The most recent sale happened at this postcode is , 9 WARWICK DRIVE: £180,000 (Sold on 26 Jul 2024)
    • The first recorded sale happened at this postcode is , 73 FRONT STREET: £60,000 (Sold on 07 Apr 1995)
  • Other
    • The average price is around £491,832 median price is £290,000 Standard Deviation is £624,853 with Total Sold: 12
    • The Last 5 Year average price is £287,500 with Total Sold: 4
    • The most recent sale happened at this postcode is , 96 OAKFIELD ROAD: £115,000 (Sold on 02 Feb 2024)
    • The first recorded sale happened at this postcode is , 9 FELLSIDE ROAD: £190,000 (Sold on 03 Apr 2014)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£236,944 £2,563 9
2023£262,111 £3,149 27
2022£270,817 £2,830 26
2021£274,639 £2,718 36
2020£243,959 £2,379 27
2019£257,321 £2,398 17
2018£245,964 £2,326 28
2017£226,247 £2,406 29
2016£207,535 £2,303 28
2015£201,619 £2,273 32
2014£224,410 £2,040 41
2013£197,169 £2,146 26
2012£231,245 £2,172 10
2011£178,822 £2,128 20
2010£177,786 £1,963 14
2009£167,843 £1,956 25
2008£190,352 £1,625 12
2007£204,185 £1,925 39
2006£189,620 £1,902 25
2005£176,244 £1,897 18
2004£192,925 £1,940 22
2003£153,333 £1,541 36
2002£123,934 £1,290 37
2001£97,155 £1,107 22
2000£86,259 £961 34
1999£71,204 £795 35
1998£69,057 £861 30
1997£69,930 £727 29
1996£68,272 £624 36
1995£60,906 £579 18
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£244,1673
2023£560,960 £3,536 10
2022£413,906 £3,238 16
2021£488,405 £3,420 21
2020£396,821 £2,930 14
2019£409,643 £2,997 14
2018£357,937 £2,857 15
2017£409,808 £2,790 13
2016£421,000 £2,524 8
2015£346,355 £2,522 11
2014£285,577 £2,653 13
2013£368,309 £2,317 17
2012£370,571 £2,643 14
2011£306,745 £2,428 10
2010£264,058 £2,135 9
2009£311,194 £2,411 18
2008£240,417 £2,424 6
2007£284,060 £2,562 24
2006£321,742 £2,266 18
2005£294,775 £2,259 14
2004£244,303 £1,718 18
2003£261,055 £1,845 21
2002£178,954 £1,439 12
2001£151,083 £1,216 6
2000£182,214 £1,017 21
1999£139,458 £848 12
1998£127,635 £858 17
1997£132,167 £807 24
1996£112,181 £860 16
1995£122,031 £688 16
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£123,583 £2,011 6
2023£104,779 £1,996 7
2022£97,556 £1,882 9
2021£99,436 £1,996 10
2020£119,658 £2,184 6
2019£129,180 £2,299 5
2018£128,750 £2,216 8
2017£118,496 £2,202 12
2016£115,369 £2,154 8
2015£111,690 £2,034 10
2014£114,625 £1,746 4
2013£101,827 £1,534 9
2012£70,188 £1,289 8
2011£119,119 £2,057 8
2010£120,222 £2,326 9
2009£137,238 £2,211 4
2008£140,688 £2,248 4
2007£184,908 £2,631 12
2006£178,628 £3,427 9
2005£167,048 £2,837 20
2004£170,887 £2,880 26
2003£153,592 £2,755 43
2002£70,790 £1,054 10
2001£70,608 £1,077 3
2000£41,750 £685 2
1999£45,750 £759 2
1998£19,250 £437 2
1996£30,0001
1995£10,000 £161 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£226,667 £2,511 6
2023£271,606 £2,852 9
2022£225,490 £2,625 11
2021£197,677 £2,227 16
2020£153,500 £1,806 10
2019£195,625 £2,317 16
2018£183,661 £2,069 16
2017£244,875 £2,422 4
2016£153,227 £1,675 15
2015£219,006 £2,222 9
2014£198,556 £1,733 16
2013£181,282 £1,923 15
2012£174,661 £1,849 9
2011£167,783 £1,738 23
2010£174,955 £1,830 11
2009£180,433 £1,800 9
2008£153,032 £1,785 14
2007£176,736 £2,050 18
2006£158,926 £1,940 25
2005£154,582 £1,793 11
2004£163,871 £2,028 12
2003£133,435 £1,248 16
2002£87,671 £967 19
2001£71,773 £719 26
2000£64,758 £793 13
1999£72,835 £774 21
1998£62,112 £636 17
1997£67,617 £619 21
1996£63,621 £619 12
1995£60,067 £741 15
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£115,0001
2023£395,000 £1,674 1
2021£280,000 £2,222 1
2020£360,0001
2018£154,000 £2,113 2
2017£194,5002
2016£1,859,9952
2015£145,0001
2014£190,0001

House Type in NE16 5HL area

The most common house types in the NE16 5HL postcode area are Semi-detached (104), Detached (11), and Terraced (6).

Total121
Semi-detached104
Detached11
Terraced6
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 outright (65), and Owned: Owns with a mortgage or loan (50).

Owned: Owns outright65
Owned: Owns with a mortgage or loan50
Private rented: Private landlord or letting agency2
Private rented: Other private rented2
Social rented: Rents from council or Local Authority1
Social rented: Other social rented1
Lives rent free1
Does not apply0
Shared ownership: Shared ownership0

Number of People in a Household

The most houses in the NE16 5HL have 2 people in household (48), and 1 person in household (33).

2 people in household48
1 person in household33
3 people in household21
4 people in household15
5 people in household4
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0