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

Among the 98 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 in the list below concern different types of property: terraced houses, semi-detached houses, detached houses and flats, where the deeds were filed with the Land Registry during the month of September, even if the properties may have been sold earlier.

10. £6950 (5%) below asking – semi-detached house on Wealcroft

With three bedrooms and one bathroom and a C energy efficiency rating, this semi-detached house at Wealcroft in the NE10 postcode area, has been purchased. Originally listed for £139,950, it sold at £133,000 after a 5% reduction in price after it had been on the market for 21 days. The transfer of ownership was completed on 21 August. The home has a living area of 914 sqft and the eventual price per sqft was £146.

9. £7000 (2%) below asking – detached house on Dominies Close

This detached house at Dominies Close in the NE39 postcode area has new owners. It was initially listed for £315,000 and settled at £308,000 after it had been on the market for six months and 12 days, undergoing a 2% price reduction to reach its eventual selling price. The living area totals 877 sqft and the price per sqft ended up at £351. The property offers four bedrooms and two bathrooms and the energy efficiency of the property is rated C. The sale was completed on 20 August.

8. £7500 (2%) below asking – detached house on Tilley Crescent

Featuring four bedrooms and two bathrooms and a B energy efficiency rating, this detached house in Tilley Crescent in the NE40 postcode area, changed hands. Originally listed for £365,000, it sold at £357,500 after a 2% reduction in price after it had been on the market for one month and 25 days. The transfer of ownership was completed on 24 July. The home has a living area of 1,334 sqft and the eventual price per sqft was £268.

7. £10,000 (8%) 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 July 23. It was originally listed for £130,000 and was sold for £120,000 after it had been on the market for four months and 27 days, displaying a 8% price reduction. The home has a living area of 807 sqft and the price per sqft settled at £149. The property has two bedrooms and one bathroom and the energy efficiency of the property is rated D.

6. £12,000 (5%) below asking – detached house on Leafield Close

Listed at £220,000, this detached house at Leafield Close in the DH3 postcode area settled at £208,000 after three months and 20 days on the market, reflecting a 5% price reduction. Spanning 764 sqft, the property’s price per sqft was £272. Featuring four bedrooms and three bathrooms and a C energy efficiency rating, the transfer of ownership was completed on 18 July.

5. £12,500 (4%) below asking – semi-detached house on The Mount, High Horse Close

A semi-detached house at The Mount, High Horse Close also has new owners. Initially listed for £350,000, it settled at £337,500, marking a 4% price reduction to reach its eventual selling price. It was on the market for one month and 16 days. Covering 1,162 sqft, the property’s price per sqft ended up at £290. The property consists of three bedrooms and one bathroom, and the property has an energy efficiency rating of D. The sale was finalised on 4 August.

4. £14,000 (7%) below asking – semi-detached house on King Oswald Drive

Listed at £200,000, this detached house at King Oswald Drive in the NE21 postcode area settled at £186,000 after seven days on the market, reflecting a 7% price reduction. Spanning 893 sqft, the property’s price per sqft was £208. With three bedrooms and two bathrooms and a C energy efficiency rating, the transfer of ownership was completed on 25 July.

3. £15,950 (4%) below asking – detached house on Heathwood Avenue

A detached house at Heathwood Avenue in the NE16 postcode area also has new owners. Initially listed for £399,950, it settled at £384,000, marking a 4% price reduction to reach its eventual selling price. It remained on the market for a duration of seven months and 12 days. Covering 1,496 sqft, the property’s price per sqft ended up at £257. The property comprises four bedrooms and two bathrooms, and the property holds a D energy efficiency rating. The sale was settled on 21 July.

2. £17,500 (6%) below asking – detached house on King Oswald Drive

The sale of the detached house at King Oswald Drive in the NE21 postcode area was finalised on July 17. It was originally listed for £290,000 and was sold for £272,500 after it had been on the market for two months and nine days, displaying a 6% price reduction. The home has a living area of 1,517 sqft and the price per sqft settled at £180. The property offers four bedrooms and two bathrooms and the energy efficiency of the property is rated C.

1. £20,000 (6%) below asking – detached house on The Pavilion

This detached house at The Pavilion in the NE16 postcode area has new owners. It was initially listed for £330,000 and settled at £310,000 after it had been on the market for nine months and 21 days, undergoing a 6% price reduction to reach its eventual selling price. The living area totals 1,087 sqft and the price per sqft ended up at £285. The property has four bedrooms and one bathroom and the energy efficiency of the property is rated D. The sale was finalised on 15 July.