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

Among the 279 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 outlined in the list below consist of different types of property: terraced houses, semi-detached houses, detached houses and flats. Their deeds were formally recorded with the Land Registry during the month of October, even if the transactions were prior to this month.

10. £15,000 (11%) below asking – terraced house on Pretoria Avenue

Listed at £140,000, this detached house at Pretoria Avenue in the NE61 postcode area settled at £125,000 after six months and 27 days on the market, reflecting a 11% price reduction. Spanning 969 sqft, the property’s price per sqft was £129. Featuring three bedrooms and one bathroom and a C energy efficiency rating, the transfer of ownership was completed on 28 August.

9. £18,000 (10%) below asking – terraced house on Queen Street

A terraced house at Queen Street in the NE61 postcode area also has new owners. Initially listed for £180,000, it settled at £162,000, marking a 10% price reduction to reach its eventual selling price. It remained on the market for a duration of 14 days. Covering 861 sqft, the property’s price per sqft ended up at £188. The property consists of two bedrooms and one bathroom, and the property has an energy efficiency rating of D. The sale was settled on 29 August.

8. £27,500 (13%) below asking – terraced house on Ashtree Drive

With four bedrooms and two bathrooms and a C energy efficiency rating, this terraced house at Ashtree Drive in the NE22 postcode area, changed hands. Originally listed for £210,000, it sold at £182,500 after a 13% reduction in price after it had been on the market for eight days. The transfer of ownership was completed on 15 August. The home has a living area of 635 sqft and the eventual price per sqft was £287.

7. £30,000 (10%) below asking – semi-detached house on The Turn

Listed at £290,000, this detached house at The Turn in the NE61 postcode area settled at £260,000 after 21 days on the market, reflecting a 10% price reduction. Spanning 990 sqft, the property’s price per sqft was £263. Featuring three bedrooms and one bathroom and a C energy efficiency rating, the transfer of ownership was completed on 19 September.

6. £35,000 (10%) below asking – detached house on White House, Tofts Lane

The sale of the detached house in White House, Tofts Lane was finalised on August 20. It was originally listed for £335,000 and was sold for £300,000 after it had been on the market for one month and four days, displaying a 10% price reduction. The home has a living area of 1,840 sqft and the price per sqft settled at £163. The property has four bedrooms and two bathrooms and the energy efficiency of the property is rated G.

5. £40,000 (6%) below asking – detached house on Squirrel Dene, Morpeth

This detached house at Squirrel Dene, Morpeth has new owners. It was initially listed for £625,000 and settled at £585,000 after it had been on the market for two months and 25 days, undergoing a 6% price reduction to reach its eventual selling price. The living area totals 2,142 sqft and the price per sqft ended up at £273. The property offers four bedrooms and two bathrooms and the energy efficiency of the property is rated C. The sale was completed on 29 August.

4. £54,950 (22%) below asking – semi-detached house on Gilbert Grove

A semi-detached house at Gilbert Grove in the NE19 postcode area also has new owners. Initially listed for £249,950, it settled at £195,000, marking a 22% price reduction to reach its eventual selling price. It was on the market for five months and 18 days. Covering 925 sqft, the property’s price per sqft ended up at £211. The property comprises three bedrooms and one bathroom, and the property holds a C energy efficiency rating. The sale was finalised on 18 August.

3. £55,000 (14%) below asking – semi-detached house on Rock Home Farm

With two bedrooms and two bathrooms and a C energy efficiency rating, this semi-detached house in Rock Home Farm in the NE66 postcode area, changed hands. Originally listed for £400,000, it sold at £345,000 after a 14% reduction in price after it had been on the market for one month and 11 days. The transfer of ownership was completed on 10 September. The home has a living area of 2,744 sqft and the eventual price per sqft was £126.

2. £115,000 (14%) below asking – detached house on Pele Cottage, Morpeth

The sale of the detached house at Pele Cottage, Morpeth was finalised on September 1. It was originally listed for £850,000 and was sold for £735,000 after it had been on the market for 3 months, displaying a 14% price reduction. The home has a living area of 1,776 sqft and the price per sqft settled at £414. The property offers five bedrooms and three bathrooms and the energy efficiency of the property is rated E.

1. £245,000 (10%) below asking – detached house on Western Way

Listed at £2,495,000, this detached house at Western Way in the NE20 postcode area settled at £2,250,000, reflecting a 10% price reduction. Spanning 7,448 sqft, the property’s price per sqft was £302. Featuring five bedrooms and four bathrooms and a B energy efficiency rating, the transfer of ownership was completed on 26 August.