At a Glance
Average Property Price - NE18
£470,269
77
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE18
£49,516
87
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE18
1.1%
3
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
NE18 is among the most expensive areas nationally, with an average price of £470,000. However, price growth has been exceptionally weak: at 1.1% annualised over the past decade, it ranks among the slowest-growing markets across the UK. Transaction activity has picked up recently, with 13 sales in the latest year compared to a 10-year average of 10 per year.
Rent & Yield Trends
Rental costs in the broader NE postcode area are notably below the national average at around £830 per month. Rent growth over the past decade has been moderate at 4.0% annually, close to the national pace. Flat yields have improved to 6.0%, up from a 10-year average of 5.3%, reflecting a modest uptick in rental returns.
Income & Affordability Trends
Average household income in NE18 is well above the national average at nearly £50,000, placing it among the wealthier areas nationally. However, affordability has deteriorated: the price-to-income ratio has risen from 8.5x in 2016 to 10.8x today, a significant squeeze. Rental affordability has also worsened, with rent now consuming 26.2% of income compared to 24.1% in 2016.
Resident Demographic Profile
NE18 has a markedly older population: nearly 28% are over 65, well above the national average of 19.6%, while the 25–34 age group is substantially under-represented at just 7.7%. Housing tenure is distinctly owner-occupied, with 52% owning outright—far exceeding the national 33.7%—and private renting minimal at 11.6%. The workforce is heavily skewed towards senior professional and managerial roles, with 28% professionals and 22.5% managers, while elementary occupations are scarce at 3.6%.