Local market reports › NE area › NE5 › NE5 5
Blakelaw market report NE5 5, Newcastle Upon Tyne
The standing NE5 5 (Blakelaw) property market report, rebuilt from the full public record every month. This page is built from the public record and nothing else: 2,815 completed sales registered with HM Land Registry in NE5 5 (Newcastle Upon Tyne) since 1995, plus current ONS rental figures. There are no valuations, estimates or asking prices in it.
Covers registered sales to 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.
In short: the middle 2026 sale in NE5 5 (Newcastle Upon Tyne) came in at £178,200, out of 36 registered, up 14% on five years earlier, and the mean stands at £186,300, and by floor area homes here have averaged about £2,020 per square metre over the last five years. The record behind it is 2,815 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
A postcode sector like NE5 5 is a single group of streets within NE5 (Newcastle Upon Tyne), the finest slice the public record supports. Fewer sales stand behind each figure than at district level, so the lines jump about more.
Where NE5 5 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.
NE5 5 sold prices: where the market stands
In the NE5 5 property market, the 2026 median sale price is £178,200, from 36 registered sales; the mean, the "average house price" most sites quote, is £186,300, sitting nearly identical to it, meaning sales cluster closely around the typical figure.
House prices per square metre in NE5 5
Measured by floor area, the last five years of NE5 5 sales average about £2,020 per square metre. Price per square metre is the fair way to compare a one-bed flat with a four-bed house, and it comes from the Energy Performance Certificate on each sold home.
For scale: the England and Wales median is £285,000, so NE5 5 trades 37% below the country as a whole.
A typical NE5 5 home, priced year by year (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 | £178,200 | £178,200 | 36 |
| 2025 | £170,500 | £174,577 | 94 |
| 2024 | £165,000 | £175,429 | 84 |
| 2023 | £162,000 | £177,998 | 81 |
| 2022 | £167,500 | £196,413 | 102 |
| 2021 | £156,000 | £197,516 | 124 |
| 2020 | £130,000 | £168,678 | 87 |
| 2019 | £145,100 | £190,191 | 98 |
| 2018 | £131,800 | £175,692 | 80 |
| 2017 | £140,000 | £190,946 | 95 |
| 2016 | £150,000 | £209,851 | 121 |
| 2015 | £121,500 | £171,680 | 82 |
| 2014 | £125,000 | £177,334 | 80 |
| 2013 | £120,000 | £172,668 | 119 |
| 2012 | £112,000 | £164,850 | 88 |
| 2011 | £120,000 | £181,154 | 63 |
| 2010 | £113,000 | £177,213 | 67 |
| 2009 | £110,000 | £176,826 | 55 |
| 2008 | £120,000 | £196,705 | 61 |
| 2007 | £133,500 | £226,453 | 102 |
| 2006 | £136,000 | £236,079 | 110 |
| 2005 | £130,000 | £231,348 | 101 |
| 2004 | £123,000 | £223,392 | 85 |
| 2003 | £85,000 | £156,591 | 101 |
| 2002 | £69,400 | £130,575 | 112 |
| 2001 | £60,000 | £115,347 | 113 |
| 2000 | £54,200 | £106,368 | 95 |
| 1999 | £45,000 | £89,683 | 81 |
| 1998 | £45,000 | £90,836 | 91 |
| 1997 | £45,000 | £92,286 | 83 |
| 1996 | £40,500 | £85,413 | 69 |
| 1995 | £47,800 | £103,910 | 55 |
In cash terms the typical NE5 5 home went from £47,800 in 1995 to £178,200 in 2026, roughly 3.7 times the price. Even after inflation that is a real rise of about 71%: homes here genuinely became dearer, not merely more expensive on paper. The real-terms peak came in 2006, and today's median remains roughly 25% under it: a 2006 buyer is still waiting to get that price back in today's money.
Year-on-year change in the NE5 5 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 2004 (+44.7% on the year before); the weakest, 1996 (−15.3%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
What NE5 5 has returned, per year
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | +4.5% | +2.1% |
| 5 years (since 2021) | +2.7% | −2.0% |
| 10 years (since 2016) | +1.7% | −1.6% |
| 20 years (since 2006) | +1.4% | −1.4% |
Each row is compound annual growth of the median; ONS CPIH supplies the real-terms deflator. Annualising irons out the cycle, which the chart above shows in full, and past growth records what happened rather than predicting anything.
How many homes change hands in NE5 5
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.
The register shows 36 NE5 5 sales across the most recent twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 102 sales a year before the financial crisis and 79 a year over the last five. Watch the volume as closely as the price. Thin years make jumpy medians, where one street's sales can move the figure, and the newest year is always incomplete because registrations trail completions by weeks or months.
What homes rent for around NE5 5
For renting purposes NE5 5 sits in Newcastle upon Tyne. The ONS average private rent there is £1,204 a month (May 2026). 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.
Set against the £178,200 median sold price, £1,204 a month is £14,448 a year, a gross yield of 8.1%: gross, before letting costs, voids, maintenance and tax, so a ceiling rather than a promise. Rents are published at local-authority level, so nearby districts in the same authority share these figures.
How NE5 5 trades
This is a thin market: 36 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching.
What people ask about NE5 5 (Blakelaw)
Are property prices falling in NE5 5 (Blakelaw)?
Is NE5 5 (Blakelaw) a good place to buy a house?
How much did a house sell for in NE5 5 (Blakelaw)?
Will NE5 5 prices rise from here?
The record answers a different question than "what happens next": the median is up 14% over five years in cash but down 10% after inflation. Put the volume chart beside the price chart before drawing conclusions, and allow for the register's lag behind actual completions.
NE5's current homes for sale
Turning to what is actually available: 21 homes on the market right now, from 5 agents publishing to HomesIndex.
These cover the whole NE5 district, not just NE5 5: live asking prices are collected per district.
40% of what is on the market here is asking below what comparable homes actually sold for. 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 →
Refreshed every Monday and Thursday from agents' own feeds to HomesIndex, so a sample of the market rather than all of it. An asking price remains an ask, not a sale.
What another bedroom costs in NE
Real sold prices by size across the NE area, straight from the Land Registry record. Size steps are fiercely local. A third bedroom adds a quarter to the price in some areas and close to four fifths in others, which is why no national rule of thumb survives contact with a real market.
| 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%) | — |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land 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.
Winners and losers across the NE area, five years
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 2 | £159,500 | 61 |
| NE5 3 | £146,800 | 38 |
| NE5 4 | £177,500 | 42 |
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 5? 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 5'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.
Estate agents working NE5 5: the featured spot on this report is free for founding agents, one per district. Claim NE5 5.
Dig further
Behind the answers sits the same Land Registry record as this page, with NE5 5 already set as the subject. Free, one click sign in.
See every individual NE5 5 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.