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Blakelaw market report NE5 2, Newcastle Upon Tyne
The NE5 2 (Blakelaw) house price history in full, 1995 to 2026, in cash and in today's money. Everything below comes from 6,201 sales recorded by HM Land Registry in NE5 2 (Newcastle Upon Tyne) since 1995, real completion prices from real purchases, alongside the ONS's current rent figures. No valuations, no estimates, no asking prices.
Sales recorded to 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: a typical NE5 2 (Newcastle Upon Tyne) home changed hands for £159,500 in 2026 (median of 61 registered sales, up 23% on five years earlier), with the mean at £164,000, and by floor area homes here have averaged about £1,810 per square metre over the last five years. Source: 6,201 completed sales on the HM Land Registry record since 1995, updated with each monthly release. No valuations, no asking prices.
NE5 2 is one sector of NE5 (Newcastle Upon Tyne): a handful of streets, and the most local view the sold record can give. The price of that locality is lumpier charts, because each year's median rests on fewer sales.
Where NE5 2 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
What NE5 2 homes really sell for
61 sales were registered in NE5 2 in 2026, and the middle one of them, the median, went for £159,500. The mean works out at £164,000, nearly identical to it, meaning sales cluster closely around the typical figure.
What a square metre costs in NE5 2
Per square metre, NE5 2 homes have averaged around £1,810 over the last five years of sales. The floor areas behind the figure come from Energy Performance Certificates, and the by-the-metre view is the fair comparison across home sizes.
The national median for England and Wales is £285,000, which puts NE5 2 44% below the country at large.
NE5 2's median sold price, 1995 to 2026
Two lines: the median in the money of its day, and the same years restated by ONS CPIH into today's money, which is the truer test of getting dearer. Hover for exact figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £159,500 | £159,500 | 61 |
| 2025 | £143,000 | £146,420 | 174 |
| 2024 | £132,000 | £140,343 | 146 |
| 2023 | £145,000 | £159,320 | 181 |
| 2022 | £147,500 | £172,961 | 201 |
| 2021 | £130,000 | £164,597 | 205 |
| 2020 | £127,000 | £164,785 | 126 |
| 2019 | £120,000 | £157,291 | 202 |
| 2018 | £119,400 | £159,162 | 186 |
| 2017 | £118,000 | £160,940 | 181 |
| 2016 | £109,000 | £152,492 | 157 |
| 2015 | £110,000 | £155,430 | 182 |
| 2014 | £112,500 | £159,601 | 184 |
| 2013 | £115,200 | £165,761 | 158 |
| 2012 | £108,000 | £158,963 | 128 |
| 2011 | £108,000 | £163,038 | 135 |
| 2010 | £99,500 | £156,042 | 97 |
| 2009 | £95,000 | £152,713 | 132 |
| 2008 | £112,700 | £184,739 | 136 |
| 2007 | £114,200 | £193,715 | 294 |
| 2006 | £110,000 | £190,946 | 249 |
| 2005 | £93,000 | £165,503 | 241 |
| 2004 | £88,000 | £159,825 | 284 |
| 2003 | £74,000 | £136,326 | 313 |
| 2002 | £54,000 | £101,601 | 337 |
| 2001 | £42,800 | £82,281 | 286 |
| 2000 | £39,000 | £76,538 | 299 |
| 1999 | £38,000 | £75,732 | 212 |
| 1998 | £35,200 | £71,054 | 198 |
| 1997 | £35,000 | £71,778 | 194 |
| 1996 | £35,200 | £74,235 | 154 |
| 1995 | £38,000 | £82,606 | 168 |
In cash terms the typical NE5 2 home went from £38,000 in 1995 to £159,500 in 2026, roughly 4 times the price. Even after inflation that is a real rise of about 93%: homes here genuinely became dearer, not merely more expensive on paper. Measured in today's money the market peaked in 2007; the current median sits about 18% below that. Someone who bought at the 2007 peak has not yet seen that price back in real terms.
Year-on-year change in the NE5 2 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 2003 (+37.0% on the year before); the weakest, 2009 (−15.7%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What NE5 2 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +11.5% | +8.9% |
| 5 years (since 2021) | +4.2% | −0.6% |
| 10 years (since 2016) | +3.9% | +0.5% |
| 20 years (since 2006) | +1.9% | −0.9% |
The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.
How many homes change hands in NE5 2
Sales per year, counted
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
Over the last twelve months of data, 61 sales completed in NE5 2. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 288 sales a year before the financial crisis and 153 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
What kind of market NE5 2 is
Within NE5, this sector trades 11% below the district median: one of its district's cheaper corners.
The rental side of NE5 2
NE5 2 falls under Newcastle upon Tyne, where the ONS puts the average private rent at £1,204 a month (May 2026 figures). The spread runs from £806 a month for a typical one-bed to £1,825 at four-plus bedrooms, which is size doing most of the pricing.
Average monthly rent by size, Newcastle upon Tyne
ONS Price Index of Private Rents, May 2026.
£1,204 a month is £14,448 a year, which against the £159,500 median sold price makes a gross yield of 9.1%. Gross means before letting costs, voids, maintenance and tax: treat it as a ceiling. The ONS publishes rents by local authority, so neighbouring districts under the same authority share these numbers.
What people ask about NE5 2 (Blakelaw)
Are property prices falling in NE5 2 (Blakelaw)?
Is NE5 2 (Blakelaw) a good place to buy a house?
How much did a house sell for in NE5 2 (Blakelaw)?
Will NE5 2 prices rise from here?
The record answers a different question than "what happens next": the median is up 23% over five years in cash but down 3% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
What you could buy in NE5 now
The live side of the market holds 21 homes at the moment, listed by 5 agents publishing to HomesIndex.
These cover the whole NE5 district, not just NE5 2: live asking prices are collected per district.
Of everything listed here, 40% asks less than the sold record of comparable homes. Every listing is measured against recent recorded sales of similar nearby homes.
- Chestnut Avenue, Newcastle upon Tyne, Tyne and Wear
- Burdale Avenue, Newcastle upon Tyne, NE5, Newcastle upon Tyne
- St Keverne Square, Newcastle upon Tyne, NE5, Newcastle upon Tyne
The "under comparable sales" label measures each asking price against real nearby sales of similar homes: an opening position for a conversation rather than a valuation. The home itself still needs looking at.
See every NE5 home for sale on the map →
Live asking prices from estate agents who publish a feed to HomesIndex, refreshed every Monday and Thursday: a sample of the market, not every home for sale. Asking prices are not sale prices.
The price of an extra bedroom in NE
What homes of each size actually sold for across the NE area, from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £239,250 | £322,500 (+35%) | £498,100 (+54%) | £700,000 (+41%) |
| Semi-detached | £157,000 | £168,000 (+7%) | £216,000 (+29%) | £335,000 (+55%) | £521,000 (+56%) |
| Terraced | £127,500 | £136,000 (+7%) | £170,000 (+25%) | £282,250 (+66%) | £393,500 (+39%) |
| Flat | £95,000 | £127,980 (+35%) | £190,000 (+48%) | £340,000 (+79%) | — |
Medians of recorded sales over the last four years, by built form and bedroom count. Sold homes carry no advertised bedroom count, so sizes are estimated from their EPC records; a small number of homes will sit one size out. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
The spread across the NE area is the point: the same five years treated these districts very differently.
Five-year change in the median, NE area districts
The districts that gained and lost most in cash terms, each row linking through to its own report.
Other sectors in NE5
A few minutes' walk can separate two very different markets. Here are NE5's other sectors, each with its own report:
| Sector | Median (latest) | Sales that year |
|---|---|---|
| NE5 1 | £235,000 | 79 |
| NE5 3 | £146,800 | 38 |
| NE5 4 | £177,500 | 42 |
| NE5 5 | £178,200 | 36 |
Zoom out to the full NE5 district report for the type split, monthly volumes and how NE5 compares with its neighbours.
Thinking of selling in NE5 2? Get a rough value first
Ground the asking price in real sold prices first. The average prices map gives a rough value in a minute: start at NE5 2's shading and zoom to the sold homes on the street itself. Agents work from this same Land Registry record when they value; this page puts it in front of you before they arrive.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim NE5 2.
Dig further
The AI answers from the same Land Registry data this report is built on, already scoped to NE5 2. Free after a one click sign in.
See every individual NE5 2 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.