Local market reports › NE area › NE5
Blakelaw market report NE5, Newcastle Upon Tyne
The standing NE5 (Blakelaw) property market report, rebuilt from the full public record every month. This page is built from the public record and nothing else: 20,534 completed sales registered with HM Land Registry in NE5 (Newcastle Upon Tyne) since 1995, plus current ONS rental figures. There are no valuations, estimates or asking prices in it.
Sales data to July 2026. Rents: ONS, May 2026. Regenerated with every monthly data refresh.
In short: a typical NE5 (Newcastle Upon Tyne) home changed hands for £179,200 in 2026 (median of 256 registered sales, up 9% on five years earlier), with the mean at £191,200, and by floor area homes here have averaged about £2,180 per square metre over the last five years. Source: 20,534 completed sales on the HM Land Registry record since 1995, updated with each monthly release. No valuations, no asking prices.
The postcode district NE5 covering Blakelaw, Cowgate, Denton sits in Newcastle Upon Tyne. A district is the workhorse unit for reading a market: local enough to be meaningful, busy enough that the medians rest on a steady flow of sales.
Where NE5 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 a home in NE5 sells for
In the NE5 property market, the 2026 median sale price is £179,200, from 256 registered sales; the mean, the "average house price" most sites quote, is £191,200, sitting modestly above it, the usual shape of a market with an expensive tail.
Price per square metre in NE5
Measured by floor area, the last five years of NE5 sales average about £2,180 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.
Against a national (England and Wales) median of £285,000, NE5 runs 37% below it.
A typical NE5 home, priced year by year (1995 to 2026)
The cash median beside its inflation-adjusted twin (ONS CPIH). The adjusted line answers the harder question, whether homes really got dearer. Hover for the figures; the legend toggles each series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £179,200 | £179,200 | 256 |
| 2025 | £180,000 | £184,304 | 734 |
| 2024 | £180,000 | £191,377 | 705 |
| 2023 | £178,000 | £195,579 | 719 |
| 2022 | £175,000 | £205,207 | 790 |
| 2021 | £165,000 | £208,911 | 917 |
| 2020 | £154,000 | £199,818 | 601 |
| 2019 | £140,000 | £183,506 | 676 |
| 2018 | £135,000 | £179,958 | 670 |
| 2017 | £130,000 | £177,307 | 661 |
| 2016 | £130,000 | £181,871 | 571 |
| 2015 | £120,000 | £169,560 | 550 |
| 2014 | £125,000 | £177,334 | 536 |
| 2013 | £119,000 | £171,229 | 513 |
| 2012 | £114,500 | £168,530 | 440 |
| 2011 | £117,200 | £176,927 | 432 |
| 2010 | £112,500 | £176,429 | 356 |
| 2009 | £106,000 | £170,396 | 437 |
| 2008 | £117,000 | £191,788 | 406 |
| 2007 | £121,000 | £205,250 | 800 |
| 2006 | £118,500 | £205,701 | 833 |
| 2005 | £102,800 | £182,943 | 756 |
| 2004 | £99,500 | £180,711 | 817 |
| 2003 | £76,100 | £140,195 | 929 |
| 2002 | £60,000 | £112,889 | 951 |
| 2001 | £51,000 | £98,045 | 793 |
| 2000 | £49,100 | £96,359 | 764 |
| 1999 | £43,800 | £87,291 | 636 |
| 1998 | £41,000 | £82,761 | 596 |
| 1997 | £42,000 | £86,134 | 652 |
| 1996 | £40,000 | £84,358 | 524 |
| 1995 | £43,000 | £93,475 | 513 |
In cash terms the typical NE5 home went from £43,000 in 1995 to £179,200 in 2026, roughly 4 times the price. Inflation explains only part of it: in today's money the rise is still about 92%, a genuine increase in what a home here costs. In inflation-adjusted terms the high-water mark was 2021. The market now sits about 14% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the NE5 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 (+30.7% on the year before); the weakest, 2009 (−9.4%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of semi-detached homes dominate the record here, 39% of the typed total. A detached home currently trades at £294,000 against £94,000 for a flat, 3.1 times the price.
Median by property type, NE5
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £294,000 | 35 | 2,641 |
| Semi-detached | £195,000 | 108 | 8,038 |
| Terraced | £151,000 | 94 | 7,187 |
| Flats | £94,000 | 19 | 2,668 |
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −0.4% | −2.8% |
| 5 years (since 2021) | +1.7% | −3.0% |
| 10 years (since 2016) | +3.3% | −0.1% |
| 20 years (since 2006) | +2.1% | −0.7% |
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.
The turnover behind the prices
Sales per year, counted
Annual recorded sales. The post-2008 trough is the financial crisis; treat the final bar as provisional while registrations catch up.
Month by month, five years back
Registrations by month. The repeating sawtooth is seasonality, and the right-hand edge always dips because the register lags completions.
Over the last twelve months of data, 538 sales completed in NE5. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 830 sales a year before the financial crisis and 641 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.
Rents around NE5
For renting purposes NE5 sits in Newcastle upon Tyne. The ONS average private rent there is £1,204 a month (May 2026). Size sets most of the rent: one-beds average £806 a month here against £1,825 for four or more bedrooms.
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 £179,200 median sold price makes a gross yield of 8.1%. 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.
Common questions on NE5 (Blakelaw)
Is NE5 (Blakelaw) a good place to buy a house?
How much did a house sell for in NE5 (Blakelaw)?
Are property prices falling in NE5 (Blakelaw)?
Are NE5 prices heading up or down?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is up 9% over five years in cash but down 14% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
On the market in NE5 today
Everything above is what homes in NE5 sold for. The live side of the market holds 21 homes at the moment, listed by 5 agents publishing to HomesIndex, at a typical asking price 27% below the NE5 median sold price.
Of everything listed here, 40% asks less than the sold record of comparable homes. Each listing is compared with recent recorded sales of similar homes nearby.
- 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 →
These asking prices come live from estate agents publishing feeds to HomesIndex, refreshed each Monday and Thursday. They are a sample of the market rather than its entirety, and an asking price is not a sale price.
What another bedroom costs in NE
What homes of each size actually sold for across the NE area, from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| 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%) | — |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
NE5 ranks 34 of 59 in the NE area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
Five-year change in the median, NE area districts
The biggest risers and fallers in cash terms; every row links to that district's report.
Inside NE5, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
| 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 |
| NE5 5 | £178,200 | 36 |
How NE5 compares nearby
Same city, different markets. The dearest districts of the NE area, and NE5 itself, which ranks 33 of 59 by median price:
| District | Median | 5-year |
|---|---|---|
| NE44 | £692,500 | +57% |
| NE69 | £617,500 | +2% |
| NE45 | £557,500 | +35% |
| NE20 | £472,500 | +8% |
| NE18 | £375,000 | +58% |
| NE67 | £335,000 | +4% |
| NE26 | £330,000 | +17% |
| NE46 | £297,200 | +8% |
| NE3 | £290,000 | +26% |
| NE47 | £290,000 | +18% |
| NE43 | £288,500 | -10% |
| NE30 | £280,000 | +18% |
| NE41 | £267,800 | -1% |
| NE2 | £265,800 | +12% |
| NE19 | £265,000 | +8% |
| NE25 | £260,000 | +18% |
| NE66 | £252,500 | +3% |
| NE65 | £251,500 | +12% |
| NE36 | £247,500 | +15% |
| NE27 | £241,200 | +24% |
| NE61 | £240,000 | +14% |
| NE68 | £240,000 | +0% |
| NE70 | £240,000 | +0% |
| NE5 (this report) | £179,200 | +9% |
Selling in NE5? Start from the sold record
The sold record beats any estimate as a starting point. Before a house valuation or flat valuation in NE5, open the average prices map and zoom from the NE5 shading down to the sold homes on your own street. Every recorded NE5 sale is on this page; the same Land Registry record is what agents price from, and it is now in your hands.
Estate agents working NE5: the featured spot on this report is free for founding agents, one per district. Claim NE5.
Keep digging
Answers come from the same Land Registry data behind this report, and the AI knows you are asking about NE5. Free, with a one click sign in.
Two maps carry on from here: every NE5 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices 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.