At a Glance
Average Property Price - NE1
£172,297
6
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE1
£588
0
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE1
2.0%
9
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE1 is £172,000, among the cheapest nationally. Over the past decade, prices have grown at 2.0% annually—well below the national average, reflecting modest capital appreciation in this central urban market. Transaction volume reached 59 in the latest full year, significantly down from a 10-year average of 122 per year, indicating reduced activity.
Rent & Yield Trends
Average monthly rent stands at £830, below the national median. Rental growth over ten years has averaged 4.0% per year, broadly in line with national trends. The flat yield is currently 6.0%, up from a 10-year average of 5.3%, reflecting improving returns for buy-to-let investors in the area.
Income & Affordability Trends
Average net household income is £588 per month, among the lowest in the country. The price-to-income ratio of 289.6x reflects acute affordability stress for owner-occupiers, having deteriorated dramatically from 4.9x in 2016. Rental affordability has also worsened: the rent-to-income ratio now stands at 26.2%, up from 24.1% six years ago, indicating rising rental cost burdens.
Resident Demographic Profile
The area has a notably higher proportion of children (22.7% under 15) and of 35–49 year-olds (20.3%) compared to national averages. Social rented housing dominates tenure, at 33.8% against a national average of 16.5%, while private rented accommodation is below average at 14.1%. The workforce is skewed towards professional roles (23.6%) and elementary occupations (11.1%), with notably fewer managers and trades workers than typical.