Housing Market Analysis for BALFOUR STREET, NE8 1YL

Are you looking to understand NE8 1YL 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 NE8 1YL area, explore the NE8 1YL Area information page.
For comprehensive crime statistics in the NE8 1YL area, explore the NE8 1YL Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NE8 1YL postcode area, The average prices are as follows,

Flat
- The average price is around £47,401 median price is £51,750 Standard Deviation is £27,012 with Total Sold: 44
- The Last 5 Year average price is £57,625 with Total Sold: 4
- The most recent sale happened at this postcode is 51 BALFOUR STREET: £80,000 (Sold on 28 Jul 2022)
- The first recorded sale happened at this postcode is 24 BALFOUR STREET: £16,000 (Sold on 04 Jan 1995)
Other
- The average price is around £110,000 median price is £110,000 Standard Deviation is £0 with Total Sold: 1
- The Last 5 Year average price is £110,000 with Total Sold: 1
- The most recent sale happened at this postcode is 35 BALFOUR STREET: £110,000 (Sold on 27 Aug 2020)
- The first recorded sale happened at this postcode is 35 BALFOUR STREET: £110,000 (Sold on 27 Aug 2020)
Terraced
- The average price is around £59,500 median price is £59,250 Standard Deviation is £28,484 with Total Sold: 16
- The most recent sale happened at this postcode is 51 BALFOUR STREET: £87,500 (Sold on 24 Apr 2007)
- The first recorded sale happened at this postcode is 18 BALFOUR STREET: £16,500 (Sold on 22 Jun 1999)

Sold Price Trend Over the Years:

Below table and chart gives the average NE8 1YL 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: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£80,000	£1,124	1
2021	£63,000	£940	1
2019	£43,750	£507	2
2017	£59,667	£889	3
2016	£61,483	£898	3
2015	£65,000	£942	1
2014	£60,500	£890	3
2012	£55,000	£833	1
2011	£72,000	£1,125	1
2007	£86,575	£1,267	6
2005	£54,333	£820	3
2004	£48,000	£807	2
2003	£29,083	£422	6
2002	£19,000	£238	1
2001	£13,000	£192	1
2000	£13,250	£198	2
1999	£8,500	£134	1
1997	£14,000	£264	1
1996	£17,500	£262	3
1995	£15,875	£239	2

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2020	£110,000	£1,571	1

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2007	£84,500	£1,211	3
2005	£80,500	£1,247	5
2004	£80,000	£1,231	1
2003	£36,500	£551	4
2001	£38,000	£585	1
2000	£15,500	£229	1
1999	£16,500	£212	1

All the Sales in the BALFOUR STREET, NE8 1YL

See the table below for more details on the sold house prices in the NE8 1YL, Gateshead postcode.

Address	Sold Date	Price	% Change
51 BALFOUR STREETFlat, LeaseholdArea: 71.2 Sq.mtrAge: 1900-1929	28 Jul 2022	£80,000	33.33%
	16 Sep 2016	£60,000	-39.97%
	31 Aug 2007	£99,950	14.23%
	24 Apr 2007	£87,500	-17.45%
	23 Apr 2007	£106,000	First Sale
11 BALFOUR STREETFlat, LeaseholdArea: 67 Sq.mtrAge: 1900-1929	02 Aug 2021	£63,000	21.15%
	23 Dec 2003	£52,000	92.59%
	30 May 2003	£27,000	71.43%
	05 May 1995	£15,750	First Sale
35 BALFOUR STREETOther, FreeholdArea: 70 Sq.mtrAge: 1900-1929	27 Aug 2020	£110,000	816.67%
	19 Sep 2003	£12,000	-54.72%
	18 Jun 2003	£26,500	First Sale
10 BALFOUR STREETFlat, LeaseholdArea: 105 Sq.mtrAge: 1900-1929	30 Jan 2019	£52,500	First Sale
8 BALFOUR STREETFlat, LeaseholdArea: 68 Sq.mtrAge: 1900-1929	30 Jan 2019	£35,000	First Sale
19 BALFOUR STREETFlat, LeaseholdArea: 69 Sq.mtrAge: 1900-1929	13 Oct 2017	£72,000	10.77%
	18 May 2015	£65,000	140.74%
	15 Jan 1996	£27,000	First Sale
15 BALFOUR STREETFlat, LeaseholdArea: 66 Sq.mtrAge: 1900-1929	03 Apr 2017	£55,000	0.0
	20 Jul 2012	£55,000	323.08%
	30 Nov 2001	£13,000	First Sale
45 BALFOUR STREETFlat, LeaseholdArea: 65.7 Sq.mtrAge: 1900-1929	03 Apr 2017	£52,000	-40.57%
	29 Mar 2007	£87,500	-12.50%
	28 Mar 2007	£100,000	92.31%
	19 Jul 2005	£52,000	First Sale
9 BALFOUR STREETFlat, LeaseholdArea: 74 Sq.mtrAge: 1930-1949	01 Dec 2016	£44,500	-12.75%
	28 Jan 2004	£51,000	264.29%
	28 Feb 1997	£14,000	First Sale
7 BALFOUR STREETFlat, LeaseholdArea: 64 Sq.mtrAge: 1930-1949	26 May 2016	£79,950	11.04%
	23 May 2011	£72,000	First Sale
4 BALFOUR STREETFlat, LeaseholdArea: 67 Sq.mtrAge: before 1900	18 Nov 2014	£51,500	71.67%
	28 Mar 2003	£30,000	First Sale
24 BALFOUR STREETFlat, FreeholdArea: 66 Sq.mtrAge: 1900-1929	08 May 2014	£65,000	306.25%
	04 Jan 1995	£16,000	First Sale
26 BALFOUR STREETFlat, LeaseholdArea: 71 Sq.mtrAge: 1900-1929	08 May 2014	£65,000	First Sale
49 BALFOUR STREETFlat, LeaseholdArea: 66 Sq.mtrAge: 1900-1929	20 Sep 2007	£92,000	53.33%
	13 Apr 2007	£60,000	First Sale
47 BALFOUR STREETFlat, LeaseholdArea: 72 Sq.mtrAge: 1900-1929	28 Mar 2007	£100,000	150.00%
	04 Jan 2007	£40,000	First Sale
22 BALFOUR STREETFlat, LeaseholdArea: 68 Sq.mtrAge: 1900-1929	11 Jul 2005	£58,500	317.86%
	21 Feb 2000	£14,000	First Sale
20 BALFOUR STREETTerraced, FreeholdArea: 65 Sq.mtrAge: 1900-1929	11 Jul 2005	£58,500	11.43%
	10 Jun 2005	£52,500	517.65%
	14 May 1999	£8,500	First Sale
43 BALFOUR STREETTerraced, FreeholdArea: 67.77 Sq.mtrAge: 1900-1929	04 Apr 2005	£95,000	18.75%
	29 Apr 2004	£80,000	110.53%
	26 Jan 2001	£38,000	145.16%
	22 Jun 2000	£15,500	First Sale
16 BALFOUR STREETTerraced, FreeholdArea: 68 Sq.mtrAge: 1900-1929	08 Mar 2005	£75,000	First Sale
29 BALFOUR STREETTerraced, FreeholdArea: 123.42 Sq.mtrAge: 2007 onwards	25 Feb 2005	£90,000	87.50%
	24 Jun 2003	£48,000	First Sale
39 BALFOUR STREETTerraced, FreeholdArea: 40 Sq.mtrAge: 1930-1949	28 Jan 2005	£84,000	121.05%
	03 Mar 2003	£38,000	First Sale
14 BALFOUR STREETFlat, LeaseholdArea: 69 Sq.mtrAge: 1900-1929	03 Nov 2004	£45,000	246.15%
	28 Nov 1996	£13,000	First Sale
32 BALFOUR STREETFlat, LeaseholdArea: 80 Sq.mtrAge: 1900-1929	17 Sep 2003	£15,000	-21.05%
	15 May 2002	£19,000	First Sale
17 BALFOUR STREETFlat, FreeholdArea: 71 Sq.mtrAge: 1967-1975	08 Aug 2003	£42,000	First Sale
6 BALFOUR STREETTerraced, FreeholdArea: 72 Sq.mtrAge: before 1900	28 Mar 2003	£30,000	First Sale
5 BALFOUR STREETFlat, LeaseholdArea: 66 Sq.mtrAge: 1900-1929	30 Nov 2000	£12,500	First Sale
18 BALFOUR STREETTerraced, FreeholdArea: 78 Sq.mtrAge: before 1900	22 Jun 1999	£16,500	First Sale
12 BALFOUR STREETFlat, LeaseholdArea: 61 Sq.mtrAge: 1900-1929	28 Nov 1996	£12,500	First Sale

Check out the sold house prices near the NE8 1YL postcode. Properties currently for saleProperties currently for rent

BALFOUR STREET, NE8 1YL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NE8 1YL 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 NE8 1YL postcode.

Flat
- The average price is around £54,023 median price is £55,000 Standard Deviation is £33,475 with Total Sold: 3,734
- The Last 5 Year average price is £79,742 with Total Sold: 397
- The most recent sale happened at this postcode is , 74 WINDMILL WAY: £71,500 (Sold on 13 Sep 2024)
- The first recorded sale happened at this postcode is , 24 BALFOUR STREET: £16,000 (Sold on 04 Jan 1995)
Terraced
- The average price is around £95,985 median price is £83,000 Standard Deviation is £62,824 with Total Sold: 1,923
- The Last 5 Year average price is £144,191 with Total Sold: 287
- The most recent sale happened at this postcode is , 12 CLAREMONT NORTH AVENUE: £120,000 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is , 22 WINDERMERE STREET: £48,000 (Sold on 25 Jan 1995)
Semi-Detached
- The average price is around £119,152 median price is £112,000 Standard Deviation is £71,985 with Total Sold: 139
- The Last 5 Year average price is £187,990 with Total Sold: 37
- The most recent sale happened at this postcode is , 3 ST CHADS VIEW: £205,200 (Sold on 14 Jun 2024)
- The first recorded sale happened at this postcode is , 49 WINDERMERE STREET WEST: £64,500 (Sold on 12 Jan 1995)
Other
- The average price is around £183,392 median price is £86,334 Standard Deviation is £678,077 with Total Sold: 182
- The Last 5 Year average price is £220,514 with Total Sold: 120
- The most recent sale happened at this postcode is , 66 RIPON STREET: £55,000 (Sold on 10 Apr 2024)
- The first recorded sale happened at this postcode is , 20 - 22 SALTWELL STREET: £110,000 (Sold on 07 Oct 2014)
Detached
- The average price is around £142,735 median price is £148,500 Standard Deviation is £73,475 with Total Sold: 112
- The Last 5 Year average price is £218,100 with Total Sold: 24
- The most recent sale happened at this postcode is , 11 BARRINGTON PLACE: £350,000 (Sold on 22 Mar 2024)
- The first recorded sale happened at this postcode is , 32 SOUTH HILL ROAD: £59,950 (Sold on 25 Aug 1995)

Sold Price Trend Over the Years:

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£80,968	£1,139	22
2023	£77,283	£1,139	83
2022	£92,832	£1,343	108
2021	£78,878	£1,085	76
2020	£71,229	£955	46
2019	£67,171	£909	62
2018	£69,100	£965	73
2017	£70,087	£940	101
2016	£67,705	£946	61
2015	£67,516	£906	82
2014	£64,000	£911	79
2013	£69,529	£977	45
2012	£64,865	£895	37
2011	£67,518	£933	50
2010	£70,191	£1,083	46
2009	£67,223	£1,071	52
2008	£81,198	£1,147	116
2007	£83,409	£1,221	300
2006	£72,763	£1,041	255
2005	£64,703	£948	328
2004	£55,796	£804	360
2003	£35,504	£530	318
2002	£29,501	£496	226
2001	£20,041	£307	130
2000	£18,556	£261	127
1999	£16,567	£236	105
1998	£18,107	£253	126
1997	£18,963	£283	110
1996	£20,138	£269	103
1995	£20,419	£294	107

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£165,123	£1,392	29
2023	£149,457	£1,390	59
2022	£151,148	£1,357	61
2021	£136,659	£1,277	48
2020	£139,137	£1,190	40
2019	£128,623	£1,125	50
2018	£142,768	£1,270	61
2017	£147,344	£1,235	59
2016	£140,419	£1,291	107
2015	£131,824	£1,070	39
2014	£137,891	£1,055	47
2013	£116,205	£1,090	28
2012	£122,120	£954	30
2011	£105,072	£922	43
2010	£129,512	£1,145	54
2009	£103,653	£949	32
2008	£117,088	£999	58
2007	£119,731	£1,258	69
2006	£115,797	£1,255	80
2005	£110,983	£1,111	100
2004	£91,058	£1,121	169
2003	£56,358	£629	130
2002	£40,690	£443	130
2001	£33,330	£364	78
2000	£36,801	£328	66
1999	£33,822	£311	70
1998	£36,381	£313	49
1997	£32,726	£263	48
1996	£37,236	£316	62
1995	£34,222	£276	27

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£205,200		1
2023	£303,333	£1,857	3
2022	£234,333	£1,909	3
2021	£172,566	£1,497	15
2020	£173,138	£1,818	14
2019	£125,000	£1,016	1
2018	£86,000	£1,040	1
2017	£98,500	£1,759	1
2016	£94,000		1
2015	£72,500	£788	1
2014	£240,000	£1,143	1
2013	£85,000	£1,360	2
2012	£116,875	£1,324	2
2011	£84,333	£1,054	3
2010	£160,500	£1,170	2
2009	£121,675	£1,018	4
2008	£101,000	£1,198	5
2007	£151,571	£1,233	14
2006	£141,900	£1,215	5
2005	£145,485	£1,451	6
2004	£98,354	£956	14
2003	£64,684	£597	7
2002	£53,785	£593	6
2001	£56,083	£563	3
2000	£37,500	£234	7
1999	£25,625	£366	4
1998	£44,375	£426	4
1997	£47,333	£351	3
1996	£57,833	£291	3
1995	£54,333	£457	3

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£85,500	£1,983	6
2023	£290,850	£1,921	27
2022	£110,585	£1,444	23
2021	£118,446	£1,311	26
2020	£482,762	£8,736	20
2019	£156,526	£971	18
2018	£91,688	£1,259	19
2017	£135,364	£1,742	21
2016	£99,472	£1,146	18
2015	£143,500	£1,167	3
2014	£110,000	£1,618	1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£350,000	£2,823	1
2023	£260,000	£1,802	2
2022	£218,667	£2,129	3
2021	£204,963	£1,742	15
2020	£183,995	£1,878	1
2019	£224,975	£1,686	2
2018	£180,000	£1,256	2
2017	£205,486	£1,911	4
2016	£250,000		1
2015	£215,000	£1,853	1
2013	£178,500	£1,621	2
2011	£98,500	£1,151	1
2010	£162,333	£2,012	3
2009	£165,000		2
2008	£170,000		1
2007	£204,250	£1,473	4
2006	£125,286	£1,149	7
2005	£150,931	£1,438	8
2004	£199,271	£1,393	7
2003	£98,500	£914	9
2002	£105,600	£843	5
2001	£77,667	£670	3
2000	£65,833		3
1999	£66,690		5
1998	£62,269	£625	8
1997	£58,983	£717	3
1996	£56,157	£546	7
1995	£59,725	£708	2

House Type in NE8 1YL area

The most common house types in the NE8 1YL postcode area are Flat (75), Shared house (34), and Terraced (26).

Total	145
Flat	75
Shared house	34
Terraced	26
converted building	4
Detached	3
commercial building	2
Semi-detached	1
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (74), and Social rented: Other social rented (21).

Private rented: Private landlord or letting agency	74
Social rented: Other social rented	21
Owned: Owns outright	20
Owned: Owns with a mortgage or loan	15
Social rented: Rents from council or Local Authority	7
Private rented: Other private rented	5
Lives rent free	3
Does not apply	0
Shared ownership: Shared ownership	0

Number of People in a Household

The most houses in the NE8 1YL have 1 person in household (66), and 2 people in household (38).

1 person in household	66
2 people in household	38
4 people in household	17
6 people in household	10
3 people in household	9
5 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0