Housing Market Analysis for FARM CLOSE, NE16 5PW

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

Overview of Sold House prices

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

  • Terraced
    • The average price is around £92,431 median price is £98,000 Standard Deviation is £19,494 with Total Sold: 8
    • The Last 5 Year average price is £102,000 with Total Sold: 1
    • The most recent sale happened at this postcode is 9 FARM CLOSE: £102,000 (Sold on 27 Mar 2019)
    • The first recorded sale happened at this postcode is 6 FARM CLOSE: £48,950 (Sold on 30 Mar 2001)

Sold Price Trend Over the Years:

Below table and chart gives the average NE16 5PW 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
2019£102,000 £1,259 1
2014£108,500 £1,100 1
2013£78,000 £790 1
2008£95,000 £1,267 1
2007£115,000 £1,420 1
2006£101,0001
2004£91,000 £1,123 1
2001£48,950 £550 1

All the Sales in the FARM CLOSE, NE16 5PW

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

AddressSold DatePrice% Change
9 FARM CLOSETerraced, FreeholdArea: 81 Sq.mtrAge: 1976-198227 Mar 2019£102,000-11.30%
05 Apr 2007£115,00026.37%
18 Jun 2004£91,000First Sale
1 FARM CLOSETerraced, FreeholdArea: 98.68 Sq.mtrAge: 1967-197528 Nov 2014£108,50039.10%
18 Oct 2013£78,000First Sale
5 FARM CLOSETerraced, FreeholdArea: 75 Sq.mtrAge: 1967-197509 May 2008£95,000First Sale
7 FARM CLOSETerraced, Freehold29 Sep 2006£101,000First Sale
6 FARM CLOSETerraced, FreeholdArea: 89 Sq.mtrAge: 1967-197530 Mar 2001£48,950First Sale

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

FARM CLOSE, NE16 5PW Near By properties

Interactive Map

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

  • Semi-Detached
    • The average price is around £116,217 median price is £109,000 Standard Deviation is £58,566 with Total Sold: 479
    • The Last 5 Year average price is £167,609 with Total Sold: 67
    • The most recent sale happened at this postcode is , 6 WANSBECK CLOSE: £275,000 (Sold on 15 Jul 2024)
    • The first recorded sale happened at this postcode is , 5 BURDON LODGE: £47,000 (Sold on 20 Jan 1995)
  • Terraced
    • The average price is around £90,360 median price is £94,000 Standard Deviation is £39,686 with Total Sold: 762
    • The Last 5 Year average price is £127,757 with Total Sold: 115
    • The most recent sale happened at this postcode is , 171 KINGSWAY: £162,000 (Sold on 25 Jun 2024)
    • The first recorded sale happened at this postcode is , 163 KINGSWAY: £42,000 (Sold on 27 Jan 1995)
  • Detached
    • The average price is around £194,770 median price is £180,000 Standard Deviation is £105,739 with Total Sold: 124
    • The Last 5 Year average price is £291,864 with Total Sold: 22
    • The most recent sale happened at this postcode is , 1 ALEXANDRA TERRACE: £180,000 (Sold on 31 May 2024)
    • The first recorded sale happened at this postcode is , 4 SANDYGATE MEWS: £55,000 (Sold on 30 Jun 1995)
  • Flat
    • The average price is around £65,791 median price is £67,500 Standard Deviation is £24,930 with Total Sold: 195
    • The Last 5 Year average price is £79,092 with Total Sold: 24
    • The most recent sale happened at this postcode is , 15 CALDER WALK: £88,000 (Sold on 24 May 2024)
    • The first recorded sale happened at this postcode is , 208 KINGSWAY: £36,500 (Sold on 06 Jan 1995)
  • Other
    • The average price is around £138,387 median price is £130,000 Standard Deviation is £118,890 with Total Sold: 19
    • The Last 5 Year average price is £162,250 with Total Sold: 10
    • The most recent sale happened at this postcode is , 2 CORONATION ROAD: £230,000 (Sold on 31 Aug 2023)
    • The first recorded sale happened at this postcode is , TYNE VIEW NURSING HOME CUTHBERT STREET: £100,000 (Sold on 05 Feb 2015)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£159,825 £1,563 6
2023£165,714 £2,300 14
2022£179,409 £2,202 11
2021£161,573 £2,009 13
2020£167,163 £1,993 15
2019£171,181 £2,006 8
2018£158,860 £1,806 15
2017£150,378 £1,731 25
2016£119,056 £1,451 17
2015£154,679 £1,713 14
2014£160,129 £1,563 15
2013£149,792 £1,578 12
2012£134,800 £1,518 13
2011£168,600 £1,609 5
2010£139,643 £1,574 7
2009£140,214 £1,545 7
2008£142,671 £1,674 17
2007£146,548 £1,763 21
2006£134,341 £1,353 16
2005£130,966 £1,565 16
2004£128,465 £1,597 34
2003£97,294 £1,179 18
2002£84,863 £999 23
2001£63,219 £853 18
2000£67,675 £748 14
1999£54,294 £640 25
1998£52,400 £664 25
1997£55,037 £608 19
1996£43,384 £537 14
1995£51,272 £593 22
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£159,222 £1,635 9
2023£136,921 £1,740 19
2022£126,521 £1,500 19
2021£127,376 £1,667 23
2020£129,500 £1,670 20
2019£109,360 £1,386 25
2018£112,867 £1,305 24
2017£115,650 £1,640 20
2016£107,833 £1,439 23
2015£107,452 £1,440 21
2014£109,332 £1,372 22
2013£101,992 £1,417 26
2012£112,524 £1,314 17
2011£105,219 £1,220 13
2010£110,562 £1,598 12
2009£112,450 £1,476 21
2008£114,128 £1,416 23
2007£117,074 £1,489 41
2006£110,981 £1,519 32
2005£106,357 £1,310 29
2004£104,170 £1,394 32
2003£75,796 £885 37
2002£64,291 £875 35
2001£55,144 £680 45
2000£46,803 £683 32
1999£46,056 £543 32
1998£44,948 £651 26
1997£38,769 £469 27
1996£41,779 £471 21
1995£38,429 £551 36
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£272,3333
2023£304,625 £2,322 4
2022£277,400 £2,696 5
2021£237,500 £2,965 2
2020£362,750 £1,938 6
2019£173,500 £1,474 2
2018£255,000 £2,104 5
2017£228,083 £2,225 6
2016£227,500 £816 2
2015£262,333 £1,885 3
2014£262,000 £2,282 5
2013£244,500 £1,721 4
2012£227,488 £1,468 4
2011£194,475 £1,914 2
2010£195,917 £1,763 3
2009£150,000 £1,190 1
2008£205,167 £1,617 6
2007£229,369 £2,013 8
2006£237,500 £1,484 2
2005£201,500 £1,258 2
2004£190,286 £1,783 7
2003£178,250 £1,555 4
2002£108,500 £1,031 5
2001£101,375 £875 4
2000£100,375 £787 4
1999£77,350 £817 4
1998£94,844 £1,154 8
1997£95,250 £665 7
1996£66,167 £335 3
1995£82,833 £499 3
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£90,7502
2023£75,208 £1,498 6
2022£78,750 £1,465 4
2021£82,750 £1,525 2
2020£77,125 £1,494 4
2019£79,408 £1,500 6
2018£76,738 £1,464 4
2017£71,200 £1,305 5
2016£85,000 £1,667 1
2015£82,375 £1,597 4
2014£70,389 £1,338 9
2013£68,658 £1,440 6
2012£72,250 £1,439 6
2011£49,350 £857 3
2010£74,975 £1,533 4
2009£67,000 £1,797 1
2008£95,225 £1,783 4
2007£93,586 £1,701 11
2006£92,106 £1,666 9
2005£89,227 £1,689 15
2004£93,229 £1,720 7
2003£64,933 £1,226 14
2002£54,970 £1,031 10
2001£42,300 £737 14
2000£38,250 £766 2
1999£37,077 £674 11
1998£36,338 £699 8
1997£35,643 £616 7
1996£34,500 £682 3
1995£34,650 £615 13
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£253,750 £1,691 4
2022£113,750 £1,477 2
2020£140,000 £1,970 2
2019£50,0002
2018£115,217 £54 3
2017£133,333 £1,821 3
2016£5,650 £50 1
2015£127,7752

House Type in NE16 5PW area

The most common house types in the NE16 5PW postcode area are Terraced (64), Semi-detached (47), and Detached (14).

Total127
Terraced64
Semi-detached47
Detached14
Flat1
Shared house1
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (47), and Owned: Owns with a mortgage or loan (41).

Owned: Owns outright47
Owned: Owns with a mortgage or loan41
Social rented: Rents from council or Local Authority15
Private rented: Private landlord or letting agency15
Private rented: Other private rented7
Social rented: Other social rented2
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the NE16 5PW have 2 people in household (51), and 1 person in household (32).

2 people in household51
1 person in household32
3 people in household25
4 people in household12
5 people in household5
6 people in household2
0 people in household0
7 people in household0
8 or more people in household0