At a Glance
Average Property Price - NE17
£126,118
1
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE17
£12,596
1
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE17
3.3%
40
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
Property in NE17 is among the cheapest nationally, with an average price of £126,000. Over the past decade, prices have grown at 3.3% annually—roughly in line with the national pace. Transaction activity in the latest year stood at 68 sales, slightly below the ten-year average of 71 per annum, suggesting a modest but stable market.
Rent & Yield Trends
Average monthly rent in the broader NE area stands at £830, considerably below the national average. Rents have grown at 4.0% per year over a decade, tracking close to the national trend. The flat yield has improved to 6.0%, up from a ten-year average of 5.3%, reflecting the relative strength of rental returns in this region.
Income & Affordability Trends
Average household income at £12,596 is among the lowest nationally. Affordability for purchase has deteriorated significantly: the price-to-income ratio has nearly trebled from 3.8x in 2016 to 9.7x today, a sharp shift despite low absolute prices. Rental affordability has also tightened, with rent now consuming 26.2% of income compared to 24.1% a decade ago.
Resident Demographic Profile
The population skews notably older: those aged 50–64 and 65+ together account for 47.3%, well above the national combined figure of 39.4%. Conversely, the 16–24 age group is significantly underrepresented at 8% versus the national 11%. Housing tenure shows stronger outright ownership at 40.1% and higher mortgage ownership at 33%, while private renting is considerably lower at 12.5%. Employment is broadly similar to national patterns, with no marked departures.