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

Among the 102 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. £6000 (4%) below asking – terraced house on Tanfield Gardens

A terraced house at Tanfield Gardens in the NE34 postcode area changed hands. Initially listed for £140,000, it settled at £134,000, marking a 4% price reduction to reach its eventual selling price. It remained on the market for a duration of two months and three days. Covering 764 sqft, the property’s price per sqft ended up at £175. The property has two bedrooms and one bathroom and the energy efficiency of the property is rated E. The sale was finalised on 19 September.

9. £7625 (7%) below asking – terraced house on St Vincent Street

The sale of the terraced house at St Vincent Street in the NE33 postcode area was finalised on September 5. It was originally listed for £105,000 and was sold for £97,375 after it had been on the market for 14 days, displaying a 7% price reduction. The home has a living area of 678 sqft and the price per sqft settled at £144. The property consists of two bedrooms and one bathroom, and the property has an energy efficiency rating of C.

8. £9995 (5%) below asking – semi-detached house on Highfield Drive

Listed at £189,995, this detached house at Highfield Drive in the NE34 postcode area settled at £180,000 after four months and three days on the market, reflecting a 5% price reduction. Spanning 775 sqft, the property’s price per sqft was £232. Featuring two bedrooms and one bathroom and a D energy efficiency rating, the transfer of ownership was completed on 15 August.

7. £10,000 (6%) below asking – terraced house on Prospect Terrace

With two bedrooms and one bathroom and a E energy efficiency rating, this terraced house at Prospect Terrace in the NE36 postcode area, changed hands. Originally listed for £180,000, it sold at £170,000 after a 6% reduction in price after it had been on the market for six months and eight days. The transfer of ownership was completed on 18 August. The home has a living area of 699 sqft and the eventual price per sqft was £243.

6. £12,000 (2%) below asking – detached house on Front Street

This detached house at Front Street in the SR6 postcode area has new owners. It was initially listed for £585,000 and settled at £573,000 after it had been on the market for one month and five days, undergoing a 2% price reduction to reach its eventual selling price. The living area totals 1,668 sqft and the price per sqft ended up at £344. The property offers three bedrooms and two bathrooms and the energy efficiency of the property is rated D. The sale was completed on 15 September.

5. £12,450 (4%) below asking – semi-detached house on Bridle Path

A semi-detached house at Bridle Path in the NE36 postcode area also has new owners. Initially listed for £289,950, it settled at £277,500, marking a 4% price reduction to reach its eventual selling price. It was on the market for two months and 16 days. Covering 1,108 sqft, the property’s price per sqft ended up at £250. The property comprises three bedrooms and one bathroom, and the property holds an E energy efficiency rating. The sale was completed on 11 September.

4. £12,500 (10%) below asking – flat on Greens Place

The sale of the flat in 92 Greens Place in the NE33 postcode area was finalised on September 17. It was originally listed for £125,000 and was sold for £112,500 after it had been on the market for 22 days, displaying a 10% price reduction. The home has a living area of 743 sqft and the price per sqft settled at £151. The property offers one bedroom and one bathroom and the energy efficiency of the building is rated C.

3. £20,600 (10%) below asking – semi-detached house on Mortimer Road

This semi-detached house at Mortimer Road in the NE34 postcode area has new owners. It was initially listed for £210,000 and settled at £189,400 after it had been on the market for three months and six days, undergoing a 10% price reduction to reach its eventual selling price. The living area totals 893 sqft and the price per sqft ended up at £212. The property consists of three bedrooms and one bathroom, and the property has an energy efficiency rating of D. The sale was settled on 3 September.

2. £21,000 (13%) below asking – semi-detached house on Crawley Avenue

With two bedrooms and one bathroom and a D energy efficiency rating, this semi-detached house at Crawley Avenue in the NE31 postcode area, changed hands. Originally listed for £165,000, it sold at £144,000 after a 13% reduction in price after it had been on the market for one month and 20 days. The transfer of ownership was completed on 12 September. The home has a living area of 688 sqft and the eventual price per sqft was £209.

1. £30,000 (14%) below asking – semi-detached house on North Guards

A semi-detached house at North Guards in the SR6 postcode area also has new owners. Initially listed for £210,000, it settled at £180,000, marking a 14% price reduction to reach its eventual selling price. It remained on the market for a duration of 14 days. Covering 1,205 sqft, the property’s price per sqft ended up at £149. The property has three bedrooms and one bathroom and the energy efficiency of the property is rated D. The sale was finalised on 5 September.