At a Glance
Average Property Price - NE15
£195,588
11
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE15
£33,771
24
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE15
3.7%
54
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The latest average property price in NE15 is £196,000, placing it well below the national average—among the most affordable districts nationally. Over the past decade, prices have grown by 3.7% annually, which is close to the national median pace. Transaction volumes have softened, with 358 sales in the latest full year compared to a 10-year average of 480, reflecting a decline in activity.
Rent & Yield Trends
Average monthly rents stand at £830, below the national average and among the lower-cost rental markets. Rent growth over ten years has been 4.0% annually, in line with national trends. The flat yield has improved to 6.0% in the latest year, up from a 10-year average of 5.3%, reflecting stronger rental returns relative to capital values.
Income & Affordability Trends
Average household income is £34,000, below the national average. The price-to-income ratio has risen to 5.8x from 5.1x in 2016, indicating that property has become less affordable relative to earnings over this period. Rental affordability has also deteriorated: the rent-to-income ratio has increased from 24.1% to 26.2%, meaning renters now spend a larger share of income on housing.
Resident Demographic Profile
The age profile is largely balanced against national norms, though those aged 50–64 form a slightly larger share at 20.5%. The most striking feature is housing tenure: social renting is substantially above average at 26.3% versus the national 16.5%, while private renting is well below at 15.3%, reflecting a higher proportion of affordable social housing. The employment mix shows weaker representation of professionals (16.7% versus 20.5% nationally) and managers (9.4% versus 13.4%), alongside notably higher shares in caring professions (11.4% versus 9.2%) and elementary roles (11.6% versus 10.2%).