Gateshead’s real estate scene in October witnessed interesting transactions, notably homes that sold below their initial listing prices.

Among the 152 residential properties changing hands, a select few stood out for their significant price differences, offering buyers advantageous deals in the market. Here’s an exclusive look at the top 10 homes that fetched prices notably lower than their initial asking rates.

The homes listed below encompass different types of property: terraced houses, semi-detached houses, detached houses and flats, with their deeds filed with the Land Registry during the month of October, even if the sales were conducted earlier.

10. £10,000 (5%) below asking – terraced house on Fox Dene View

The sale of the terraced house at Fox Dene View in the NE40 postcode area was finalised on September 2. It was originally listed for £220,000 and was sold for £210,000 after it had been on the market for 22 days, displaying a 5% price reduction. The home has a living area of 1,334 sqft and the price per sqft settled at £157. The property has four bedrooms and two bathrooms and the energy efficiency of the property is rated C.

9. £10,000 (7%) below asking – terraced house on North View

With two bedrooms and one bathroom and a D energy efficiency rating, this terraced house at North View in the NE40 postcode area, changed hands. Originally listed for £150,000, it sold at £140,000 after a 7% reduction in price after it had been on the market for 21 days. The transfer of ownership was completed on 26 August. The home has a living area of 861 sqft and the eventual price per sqft was £163.

8. £10,000 (7%) below asking – semi-detached house on Cypress Crescent

Listed at £140,000, this detached house in Cypress Crescent in the NE11 postcode area settled at £130,000 after one month on the market, reflecting a 7% price reduction. Spanning 753 sqft, the property’s price per sqft was £173. Featuring three bedrooms and one bathroom and a C energy efficiency rating, the transfer of ownership was completed on 29 August.

7. £10,000 (9%) below asking – flat on Windsor Avenue

A flat at 241 Windsor Avenue in the NE8 postcode area also has new owners. Initially listed for £110,000, it settled at £100,000, marking a 9% price reduction to reach its eventual selling price. It was on the market for seven days. Covering 764 sqft, the property’s price per sqft ended up at £131. The property consists of two bedrooms and one bathroom, and the building has an energy efficiency rating of D. The sale was settled on 29 August.

6. £10,000 (9%) below asking – terraced house on North View East

The sale of the terraced house at North View East in Chopwell and Rowlands Gill was finalised on August 22. It was originally listed for £110,000 and was sold for £100,000 after it had been on the market for 4 months, displaying a 9% price reduction. The home has a living area of 731 sqft and the price per sqft settled at £137. The property offers two bedrooms and one bathroom and the energy efficiency of the property is rated D.

5. £10,995 (6%) below asking – detached house on Valley Dene

This detached house at Valley Dene in the NE17 postcode area has new owners. It was initially listed for £179,995 and settled at £169,000 after it had been on the market for one month and 27 days, undergoing a 6% price reduction to reach its eventual selling price. The living area totals 775 sqft and the price per sqft ended up at £218. The property comprises three bedrooms, and the property holds a B energy efficiency rating. The sale was completed on 5 September.

4. £11,500 (8%) below asking – semi-detached house on Fallowfeld

Featuring three bedrooms and one bathroom and a D energy efficiency rating, this semi-detached house at Fallowfeld in the NE10 postcode area, changed hands. Originally listed for £140,000, it sold at £128,500 after a 8% reduction in price after it had been on the market for 21 days. The transfer of ownership was completed on 19 August. The home has a living area of 871 sqft and the eventual price per sqft was £148.

3. £20,000 (15%) below asking – semi-detached house on Carnforth Gardens

The sale of the semi-detached house at Carnforth Gardens in the NE9 postcode area was finalised on September 9. It was originally listed for £130,000 and was sold for £110,000 after it had been on the market for four months and 27 days, displaying a 15% price reduction. The home has a living area of 775 sqft and the price per sqft settled at £142. The property consists of two bedrooms and one bathroom, and the property has an energy efficiency rating of E.

2. £30,000 (9%) below asking – detached house on Scholars Close

This detached house at Scholars Close in the NE16 postcode area has new owners. It was initially listed for £340,000 and settled at £310,000 after it had been on the market for three months and 10 days, undergoing a 9% price reduction to reach its eventual selling price. The living area totals 1,130 sqft and the price per sqft ended up at £274. The property has four bedrooms and two bathrooms and the energy efficiency of the property is rated B. The sale was finalised on 15 September.

1. £35,000 (16%) below asking – semi-detached house on Glynwood Gardens

A semi-detached house at Glynwood Gardens in the NE9 postcode area also has new owners. Initially listed for £215,000, it settled at £180,000, marking a 16% price reduction to reach its eventual selling price. It remained on the market for a duration of two months and two days. Covering 818 sqft, the property’s price per sqft ended up at £220. The property comprises two bedrooms and one bathroom, and the property holds a D energy efficiency rating. The sale was completed on 2 September.