At a Glance
Average Property Price - NE16
£225,305
20
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE16
£37,049
44
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE16
2.7%
19
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE16 is £225,305, placing it below the national average—among the cheaper quarters of the market. Over the past decade, prices have grown at 2.7% per year, which is notably slower than the national trend. Transaction activity has eased: 337 sales were recorded in the latest full year, down from a 10-year average of 379 per year.
Rent & Yield Trends
Average monthly rent across the broader NE postcode area is £830, below the national norm. Rents have grown at 4.0% per year over the past decade, tracking close to the national pace. The flat yield stands at 6.0%, a meaningful improvement on the 10-year average of 5.3%, signalling stronger returns for landlords in recent years.
Income & Affordability Trends
Average household income in NE16 is £37,049, marginally below the national median. The price-to-income ratio is 6.4x, indicating that property prices have become less affordable since 2016, when the ratio stood at 6.0x. Rental affordability has also deteriorated: rents now consume 26.2% of household income, up from 24.1% a decade earlier.
Resident Demographic Profile
The population is notably older and more established than national norms. Those aged 65 and over represent 25.2% of residents, well above the national average of 19.6%, while young adults aged 16–24 account for only 7.9%, against a national 11.0%. Owner-occupation is exceptionally high: 42.1% own their home outright and a further 32.2% with a mortgage, compared to national figures of 33.7% and 27.0% respectively. Private renting is correspondingly low at 12.2%. Employment skews toward technical roles (14.3%, above the national 13.2%) and administrative work (10.8%), with fewer in elementary occupations (8.4% versus the national 10.2%).