At a Glance
Average Property Price - NE13
£668,867
92
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE13
£21,109
2
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE13
11.4%
100
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The NE13 district commands prices among the most expensive nationally, with an average of £669,000. However, this masks a sharp divergence in growth: the area has seen outstanding price appreciation over the past decade, with annualised growth of 11.4%—ranking among the fastest-growing regions in the UK. Transaction activity has softened considerably, with 337 sales in the latest year against a 10-year average of 647, suggesting a notable slowdown in market momentum.
Rent & Yield Trends
Average monthly rents of £830 sit well below the national average, reflecting the North East's traditionally affordable rental market. Rent growth over the past decade has been modest at 4.0% annually, tracking close to the national median. The flat yield has strengthened to 6.0% from a 10-year average of 5.3%, indicating improved returns for buy-to-let investors as rents have held up relative to falling capital values in some segments.
Income & Affordability Trends
The area's average household income of £21,109 is substantially below the national average, placing it among the lowest-earning districts in the UK. This has created severe affordability pressures: the price-to-income ratio has nearly doubled from 7.9x in 2016 to 13.0x today, reflecting how sharply prices have outpaced local earning capacity. Rental affordability has also deteriorated, with the rent-to-income ratio rising from 24.1% to 26.2% over the same period, further squeezing household finances.
Resident Demographic Profile
The population skews notably older, with over a quarter (24.5%) aged 65 and above compared to the national average of 19.6%, while the 16–24 age group is significantly underrepresented at 7.7% against the national norm of 11.0%. Housing tenure reflects strong owner-occupation: 39.3% own outright and 31.7% own with a mortgage, well above national averages, while private rental tenure is markedly low at 11.8%. The employment profile leans professional and technical, with 23.6% in professional roles (above the 20.5% national average) and 13.5% in technical positions, alongside higher administrative employment at 10.9%.