Housing Market Analysis for PALMER TERRACE, NE61 5RF

Are you looking to understand NE61 5RF 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 5RF area, explore the NE61 5RF Area information page.
For comprehensive crime statistics in the NE61 5RF area, explore the NE61 5RF Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE61 5RF postcode area, The average prices are as follows,

  • Terraced
    • The average price is around £63,586 median price is £64,500 Standard Deviation is £32,232 with Total Sold: 14
    • The Last 5 Year average price is £100,000 with Total Sold: 3
    • The most recent sale happened at this postcode is 8 PALMER TERRACE: £120,000 (Sold on 27 Mar 2024)
    • The first recorded sale happened at this postcode is 9 PALMER TERRACE: £8,500 (Sold on 20 Oct 1995)

Sold Price Trend Over the Years:

Below table and chart gives the average NE61 5RF 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
2024£120,000 £1,395 1
2022£92,500 £1,423 1
2020£87,500 £1,346 1
2017£59,000 £868 1
2007£93,750 £1,254 2
2006£85,000 £1,542 1
2005£70,000 £1,270 1
2003£55,000 £809 1
2002£31,900 £537 3
2001£29,5111
1995£8,500 £154 1

All the Sales in the PALMER TERRACE, NE61 5RF

See the table below for more details on the sold house prices in the NE61 5RF, Northumberland postcode.

AddressSold DatePrice% Change
8 PALMER TERRACETerraced, FreeholdArea: 86 Sq.mtrAge: 1900-192927 Mar 2024£120,00020.00%
14 Sep 2007£100,000First Sale
4 PALMER TERRACETerraced, FreeholdArea: 65 Sq.mtrAge: 1950-196608 Jul 2022£92,5005.71%
18 Nov 2020£87,5000.0
05 Oct 2007£87,500First Sale
3 PALMER TERRACETerraced, FreeholdArea: 68 Sq.mtrAge: 1930-194926 May 2017£59,0007.27%
19 Sep 2003£55,00049.66%
14 Jun 2002£36,750First Sale
9 PALMER TERRACETerraced, FreeholdArea: 55.12 Sq.mtrAge: 1930-194927 Oct 2006£85,00021.43%
07 Sep 2005£70,00075.22%
07 Nov 2002£39,950110.26%
05 Apr 2002£19,000123.53%
20 Oct 1995£8,500First Sale
1 PALMER TERRACETerraced, Freehold19 Jan 2001£29,511First Sale

Check out the sold house prices near the NE61 5RF postcode. Properties currently for saleProperties currently for rent

PALMER TERRACE, NE61 5RF Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE61 5RF 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 5RF postcode.

  • Terraced
    • The average price is around £69,875 median price is £73,000 Standard Deviation is £32,767 with Total Sold: 249
    • The Last 5 Year average price is £95,376 with Total Sold: 49
    • The most recent sale happened at this postcode is , 6 PARKSIDE GARDENS: £105,000 (Sold on 16 Aug 2024)
    • The first recorded sale happened at this postcode is , 12 THE GABLES: £37,000 (Sold on 31 Mar 1995)
  • Detached
    • The average price is around £161,600 median price is £148,500 Standard Deviation is £88,888 with Total Sold: 318
    • The Last 5 Year average price is £242,125 with Total Sold: 44
    • The most recent sale happened at this postcode is , 10 DE MERLEY GARDENS: £230,000 (Sold on 15 Aug 2024)
    • The first recorded sale happened at this postcode is , LAUREL GROVE OLD FERNEYBEDS ROAD: £67,500 (Sold on 03 Mar 1995)
  • Semi-Detached
    • The average price is around £90,171 median price is £88,000 Standard Deviation is £44,824 with Total Sold: 374
    • The Last 5 Year average price is £132,969 with Total Sold: 67
    • The most recent sale happened at this postcode is , 49 LINTON BURN PARK: £185,000 (Sold on 22 Mar 2024)
    • The first recorded sale happened at this postcode is , GUYMAS MILE ROAD: £42,000 (Sold on 28 Feb 1995)
  • Flat
    • The average price is around £56,398 median price is £60,000 Standard Deviation is £29,855 with Total Sold: 23
    • The Last 5 Year average price is £63,333 with Total Sold: 3
    • The most recent sale happened at this postcode is , 108 THE GABLES: £65,000 (Sold on 25 Jan 2023)
    • The first recorded sale happened at this postcode is , 116 THE GABLES: £14,000 (Sold on 25 Apr 1997)
  • Other
    • The average price is around £97,169 median price is £46,000 Standard Deviation is £114,417 with Total Sold: 5
    • The Last 5 Year average price is £5,650 with Total Sold: 1
    • The most recent sale happened at this postcode is , 59 MILE ROAD: £5,650 (Sold on 29 Jan 2019)
    • The first recorded sale happened at this postcode is , 118 THE GABLES: £46,000 (Sold on 13 Jan 2017)

Sold Price Trend Over the Years:

House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£102,457 £1,099 4
2023£110,667 £1,865 6
2022£95,500 £1,579 10
2021£89,860 £1,239 10
2020£94,808 £1,350 13
2019£85,583 £1,094 6
2018£86,390 £1,214 5
2017£84,500 £1,063 3
2016£75,800 £1,075 5
2015£68,600 £857 5
2014£66,590 £1,002 10
2013£65,875 £1,050 4
2012£61,500 £676 1
2011£83,000 £1,136 2
2010£77,143 £1,355 7
2009£78,270 £1,579 11
2008£92,018 £1,544 14
2007£106,976 £1,572 19
2006£97,425 £1,293 6
2005£85,050 £1,076 10
2004£76,900 £1,079 11
2003£50,405 £582 11
2002£43,253 £623 16
2001£27,651 £315 10
2000£39,641 £511 11
1999£36,748 £398 9
1998£37,056 £383 8
1997£23,750 £284 9
1996£30,000 £408 6
1995£25,500 £283 7
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£338,929 £2,012 7
2023£297,278 £2,284 9
2022£209,625 £1,921 6
2021£223,125 £1,913 10
2020£185,417 £1,916 6
2019£167,333 £1,739 6
2018£176,045 £1,580 11
2017£218,200 £1,862 10
2016£229,143 £1,846 7
2015£182,125 £1,762 14
2014£184,417 £1,432 6
2013£161,625 £1,436 8
2012£104,750 £1,190 2
2011£180,200 £1,456 5
2010£165,875 £1,672 8
2009£159,049 £3,482 11
2008£198,918 £1,773 13
2007£203,348 £1,749 25
2006£253,915 £1,755 13
2005£205,429 £1,676 7
2004£194,054 £4,648 12
2003£156,200 £1,212 16
2002£94,161 £808 28
2001£88,444 £811 17
2000£86,158 £895 12
1999£80,156 £786 9
1998£65,818 £452 11
1997£72,463 £1,295 19
1996£74,199 £584 5
1995£54,580 £572 5
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£202,500 £2,110 2
2023£139,200 £1,722 10
2022£154,679 £1,658 14
2021£123,206 £1,515 17
2020£121,389 £1,718 9
2019£117,297 £1,305 15
2018£112,260 £1,255 15
2017£114,154 £1,353 13
2016£112,173 £1,348 11
2015£101,255 £1,274 11
2014£83,545 £1,026 10
2013£88,292 £977 12
2012£89,992 £1,056 6
2011£109,635 £1,293 7
2010£97,500 £1,387 7
2009£96,613 £1,045 7
2008£110,994 £1,357 9
2007£122,516 £1,678 24
2006£104,515 £1,317 20
2005£93,494 £1,124 9
2004£96,318 £1,363 14
2003£74,448 £801 16
2002£55,974 £609 22
2001£52,666 £582 19
2000£50,018 £510 17
1999£39,568 £488 19
1998£36,008 £476 12
1997£42,329 £544 12
1996£37,507 £486 7
1995£36,369 £408 8
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£65,000 £1,182 1
2022£67,000 £1,288 1
2020£58,000 £1,055 1
2018£57,000 £901 1
2015£22,0001
2014£60,000 £1,117 2
2011£111,000 £1,239 2
2010£71,167 £1,235 3
2007£70,000 £1,240 2
2005£72,000 £1,309 1
2004£71,950 £1,250 1
2003£41,983 £574 3
2002£19,500 £355 1
2001£18,000 £327 1
2000£11,250 £195 1
1997£14,000 £221 1
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2019£5,650 £65 1
2018£215,000 £1,471 2
2017£25,098 £462 2

House Type in NE61 5RF area

The most common house types in the NE61 5RF postcode area are Semi-detached (80), Terraced (44), and Flat (10).

Total141
Semi-detached80
Terraced44
Flat10
Detached7
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 (56), and Owned: Owns outright (55).

Owned: Owns with a mortgage or loan56
Owned: Owns outright55
Private rented: Private landlord or letting agency20
Private rented: Other private rented6
Social rented: Rents from council or Local Authority2
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 NE61 5RF have 2 people in household (56), and 1 person in household (46).

2 people in household56
1 person in household46
3 people in household20
4 people in household12
5 people in household5
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0