Housing Market Analysis for LANCASTER TERRACE, NE61 1TZ

Are you looking to understand NE61 1TZ 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 Northumberland postcode.

For the location information and nearby amenities in the NE61 1TZ area, explore the NE61 1TZ Area information page.
For comprehensive crime statistics in the NE61 1TZ area, explore the NE61 1TZ Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE61 1TZ postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £73,994 median price is £84,000 Standard Deviation is £35,332 with Total Sold: 9
    • The Last 5 Year average price is £112,667 with Total Sold: 3
    • The most recent sale happened at this postcode is 1 LANCASTER TERRACE: £105,000 (Sold on 03 Mar 2023)
    • The first recorded sale happened at this postcode is 4 LANCASTER TERRACE: £22,500 (Sold on 22 Sep 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average NE61 1TZ 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
2023£107,500 £2,088 2
2022£123,000 £2,196 1
2016£86,500 £1,640 2
2003£65,000 £1,300 1
2001£45,4501
1997£22,000 £371 1
1995£22,500 £425 1

All the Sales in the LANCASTER TERRACE, NE61 1TZ

See the table below for more details on the sold house prices in the NE61 1TZ, Northumberland postcode.

AddressSold DatePrice% Change
1 LANCASTER TERRACETerraced, FreeholdArea: 50 Sq.mtrAge: 1900-192903 Mar 2023£105,00017.98%
22 Jul 2016£89,00036.92%
27 Jun 2003£65,000First Sale
4 LANCASTER TERRACETerraced, FreeholdArea: 53 Sq.mtrAge: 1930-194902 Feb 2023£110,000388.89%
22 Sep 1995£22,500First Sale
2 LANCASTER TERRACETerraced, FreeholdArea: 56 Sq.mtrAge: 1900-192918 Nov 2022£123,00046.43%
15 Jan 2016£84,000First Sale
5 LANCASTER TERRACETerraced, Freehold12 Oct 2001£45,450First Sale
7 LANCASTER TERRACETerraced, FreeholdArea: 59.35 Sq.mtrAge: 1900-192922 Aug 1997£22,000First Sale

Check out the sold house prices near the NE61 1TZ postcode. Properties currently for saleProperties currently for rent

LANCASTER TERRACE, NE61 1TZ Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE61 1TZ 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 NE61 1TZ postcode.

  • Flat
    • The average price is around £146,619 median price is £135,000 Standard Deviation is £80,278 with Total Sold: 675
    • The Last 5 Year average price is £184,524 with Total Sold: 80
    • The most recent sale happened at this postcode is 5, CHANTRY MEWS BRIDGE STREET: £185,000 (Sold on 02 Sep 2024)
    • The first recorded sale happened at this postcode is 3, PETHGATE COURT CASTLE SQUARE: £52,000 (Sold on 17 May 1995)
  • Other
    • The average price is around £1,277,142 median price is £382,500 Standard Deviation is £2,564,529 with Total Sold: 33
    • The Last 5 Year average price is £1,717,035 with Total Sold: 14
    • The most recent sale happened at this postcode is , 57 BRIDGE STREET: £342,000 (Sold on 18 Jul 2024)
    • The first recorded sale happened at this postcode is APARTMENT 12, ST. JAMES PLACE, 7 DACRE STREET: £850,000 (Sold on 10 Jul 2014)
  • Terraced
    • The average price is around £116,884 median price is £105,000 Standard Deviation is £80,906 with Total Sold: 672
    • The Last 5 Year average price is £185,142 with Total Sold: 96
    • The most recent sale happened at this postcode is , 4 ST GEORGES SQUARE: £120,000 (Sold on 28 Jun 2024)
    • The first recorded sale happened at this postcode is , 35 HOWARD TERRACE: £85,000 (Sold on 13 Jan 1995)
  • Detached
    • The average price is around £255,127 median price is £235,000 Standard Deviation is £159,186 with Total Sold: 141
    • The Last 5 Year average price is £386,283 with Total Sold: 21
    • The most recent sale happened at this postcode is , 24 BANKSIDE: £280,000 (Sold on 02 Feb 2024)
    • The first recorded sale happened at this postcode is , 6 THORP AVENUE: £243,000 (Sold on 27 Jan 1995)
  • Semi-Detached
    • The average price is around £163,185 median price is £145,000 Standard Deviation is £99,450 with Total Sold: 189
    • The Last 5 Year average price is £288,952 with Total Sold: 23
    • The most recent sale happened at this postcode is , 2 HOWARD ROAD: £410,000 (Sold on 05 Jan 2024)
    • The first recorded sale happened at this postcode is , 7 ORCHARD CLOSE: £68,500 (Sold on 31 Mar 1995)

Sold Price Trend Over the Years:

House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£225,400 £2,750 10
2023£198,793 £2,901 22
2022£145,690 £2,626 21
2021£178,900 £2,614 15
2020£199,292 £2,760 12
2019£182,079 £2,857 23
2018£196,942 £2,971 109
2017£183,293 £2,428 27
2016£234,000 £2,940 27
2015£142,523 £2,200 11
2014£153,718 £2,291 11
2013£130,263 £1,724 15
2012£175,545 £2,363 11
2011£139,627 £2,388 12
2010£149,912 £2,381 12
2009£134,125 £2,251 8
2008£159,027 £2,630 15
2007£159,912 £2,428 17
2006£199,656 £2,456 43
2005£150,283 £2,557 15
2004£137,407 £1,932 15
2003£111,445 £1,706 27
2002£89,556 £1,454 32
2001£96,585 £1,381 52
2000£73,847 £1,202 16
1999£53,912 £1,183 20
1998£62,961 £1,197 23
1997£66,195 £1,221 30
1996£41,343 £677 21
1995£43,166 £494 3
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£5,206,7504
2023£580,331 £3,333 3
2021£191,7502
2020£217,400 £1,818 5
2019£350,0002
2018£673,686 £7,685 4
2017£576,134 £3,230 3
2016£228,800 £1,853 5
2015£629,733 £11,111 3
2014£4,975,422 £11,806 2
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£277,500 £1,548 2
2023£203,250 £2,033 24
2022£189,496 £2,031 18
2021£178,051 £2,046 33
2020£160,739 £1,602 19
2019£185,576 £1,664 19
2018£170,031 £1,755 28
2017£169,337 £1,732 23
2016£134,810 £1,756 24
2015£169,500 £1,573 15
2014£148,039 £1,610 19
2013£159,639 £1,819 14
2012£125,611 £1,336 9
2011£114,154 £1,347 13
2010£124,119 £1,480 15
2009£117,408 £1,814 8
2008£132,136 £1,737 18
2007£134,282 £1,865 20
2006£139,418 £1,724 42
2005£124,053 £1,571 18
2004£145,541 £1,575 17
2003£101,208 £1,151 26
2002£84,995 £1,051 29
2001£59,775 £716 48
2000£45,575 £738 20
1999£63,294 £685 32
1998£53,718 £599 38
1997£56,133 £676 18
1996£46,458 £634 33
1995£41,183 £557 30
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£301,000 £3,500 2
2023£582,333 £3,333 3
2022£384,500 £3,718 4
2021£333,571 £2,828 7
2020£377,990 £2,976 5
2019£321,000 £2,349 5
2018£313,000 £2,282 1
2017£360,0001
2016£323,800 £2,700 5
2015£246,7502
2014£315,000 £2,284 3
2013£402,500 £2,883 4
2012£295,600 £2,014 5
2011£345,000 £2,025 3
2010£325,000 £3,013 3
2009£325,000 £2,446 2
2008£432,917 £2,300 6
2007£242,806 £2,555 8
2006£247,214 £2,266 11
2005£245,492 £1,894 6
2004£224,000 £2,089 2
2003£226,095 £1,620 11
2002£173,531 £1,174 8
2001£116,750 £1,472 6
2000£116,143 £964 7
1999£60,500 £574 2
1998£110,825 £981 6
1997£108,917 £885 6
1996£93,250 £780 4
1995£132,000 £976 3
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£410,000 £2,562 1
2023£277,667 £2,795 6
2022£335,400 £2,818 6
2021£276,250 £2,544 6
2020£225,000 £3,104 4
2019£157,714 £2,243 7
2018£221,300 £2,274 5
2017£209,279 £2,218 7
2016£154,417 £2,159 6
2015£260,500 £2,288 3
2014£191,583 £1,749 3
2013£164,500 £2,696 5
2012£212,279 £1,868 7
2011£228,000 £2,686 6
2010£146,500 £2,347 1
2009£183,390 £2,019 5
2008£206,433 £2,243 9
2007£188,100 £2,511 5
2006£182,060 £2,174 10
2005£185,600 £1,694 5
2004£166,500 £1,897 7
2003£163,244 £1,213 8
2002£123,000 £969 8
2001£107,300 £1,050 11
2000£75,445 £837 11
1999£64,169 £883 8
1998£72,051 £725 9
1997£70,758 £627 6
1996£69,562 £681 8
1995£57,083 £808 6

House Type in NE61 1TZ area

The most common house types in the NE61 1TZ postcode area are Terraced (92), Flat (25), and Semi-detached (12).

Total143
Terraced92
Flat25
Semi-detached12
Detached6
Shared house4
converted building4
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (61), and Owned: Owns with a mortgage or loan (38).

Owned: Owns outright61
Owned: Owns with a mortgage or loan38
Private rented: Private landlord or letting agency18
Social rented: Rents from council or Local Authority10
Social rented: Other social rented9
Private rented: Other private rented7
Does not apply0
Shared ownership: Shared ownership0
Lives rent free0

Number of People in a Household

The most houses in the NE61 1TZ have 2 people in household (66), and 1 person in household (53).

2 people in household66
1 person in household53
3 people in household15
5 people in household6
4 people in household4
0 people in household0
6 people in household0
7 people in household0
8 or more people in household0