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

Among the 178 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, all of which had their deeds filed with the Land Registry during the month of October, irrespective of whether they were sold prior to this period.

10. £10,000 (6%) below asking – semi-detached house on Oswin Road

Listed at £165,000, this detached house at Oswin Road in the NE12 postcode area settled at £155,000 after one month and five days on the market, reflecting a 6% price reduction. Spanning 914 sqft, the property’s price per sqft was £170. With three bedrooms and one bathroom and a C energy efficiency rating, the transfer of ownership was completed on 22 September.

9. £10,000 (8%) below asking – semi-detached house on Belford Avenue

A semi-detached house at Belford Avenue in the NE27 postcode area also has new owners. Initially listed for £130,000, it settled at £120,000, marking a 8% price reduction to reach its eventual selling price. It was on the market for nine months and 29 days. Covering 807 sqft, the property’s price per sqft ended up at £149. The property comprises three bedrooms and one bathroom, and the property holds a D energy efficiency rating. The sale was settled on 20 August.

8. £12,500 (9%) below asking – terraced house on Bodmin Close

Featuring three bedrooms and one bathroom and a D energy efficiency rating, this terraced house at Bodmin Close in the NE28 postcode area, changed hands. Originally listed for £135,000, it sold at £122,500 after a 9% reduction in price after it had been on the market for six months and eight days. The transfer of ownership was completed on 1 September. The home has a living area of 904 sqft and the eventual price per sqft was £136.

7. £15,000 (9%) below asking – terraced house on John Street

The sale of the terraced house at John Street in the NE28 postcode area was finalised on September 5. It was originally listed for £165,000 and was sold for £150,000 after it had been on the market for 29 days, displaying a 9% price reduction. The home has a living area of 1,097 sqft and the price per sqft settled at £137. The property consists of three bedrooms and one bathroom, and the property has an energy efficiency rating of D.

6. £16,000 (13%) below asking – terraced house on Blagdon Terrace

Listed at £120,000, this detached house at Blagdon Terrace in the NE13 postcode area settled at £104,000 after two months and 18 days on the market, reflecting a 13% price reduction. Spanning 667 sqft, the property’s price per sqft was £156. With two bedrooms and one bathroom and a D energy efficiency rating, the transfer of ownership was completed on 27 August.

5. £20,000 (7%) below asking – terraced house on Queen Alexandra Road

This terraced house at Queen Alexandra Road in the NE29 postcode area has new owners. It was initially listed for £275,000 and settled at £255,000 after it had been on the market for 26 days, undergoing a 7% price reduction to reach its eventual selling price. The living area totals 1,216 sqft and the price per sqft ended up at £210. The property has three bedrooms and two bathrooms and the energy efficiency of the property is rated D. The sale was settled on 29 August.

4. £20,000 (10%) below asking – terraced house on Buttermere Road

A terraced house at Buttermere Road in the NE30 postcode area also has new owners. Initially listed for £210,000, it settled at £190,000, marking a 10% price reduction to reach its eventual selling price. It remained on the market for a duration of two months and two days. Covering 1,054 sqft, the property’s price per sqft ended up at £180. The property offers four bedrooms and one bathroom and the energy efficiency of the property is rated D. The sale was completed on 5 September.

3. £30,000 (9%) below asking – terraced house on Jesmond Terrace

This terraced house at Jesmond Terrace in the NE26 postcode area has new owners. It was initially listed for £325,000 and settled at £295,000 after it had been on the market for 15 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 £261. The property offers three bedrooms and one bathroom and the energy efficiency of the property is rated D. The sale was finalised on 22 August.

2. £35,050 (9%) below asking – terraced house on Ocean View

Listed at £395,000, this detached house at Ocean View in the NE26 postcode area settled at £359,950 after four months and 25 days on the market, reflecting a 9% price reduction. Spanning 1,560 sqft, the property’s price per sqft was £231. Featuring four bedrooms and one bathroom and a D energy efficiency rating, the transfer of ownership was completed on 11 September.

1. £45,000 (14%) below asking – detached house on West Wynd

The sale of the detached house at West Wynd in the NE12 postcode area was finalised on September 2. It was originally listed for £325,000 and was sold for £280,000 after it had been on the market for three months and six days, displaying a 14% price reduction. The home has a living area of 893 sqft and the price per sqft settled at £314. The property has five bedrooms and three bathrooms and the energy efficiency of the property is rated D.