At a Glance
Average Property Price - NE2
£359,090
59
National percentile
12 month avg at 31 Jul 2026
Average Monthly Rent - NE
£853
23
National percentile
Estimate at 31 Jul 2026
Average Net Household Income - NE2
£28,827
6
National percentile
2023 census data
Flat / Maisonette Yield - NE
6.6%
84
National percentile
Estimate at 31 Jul 2026
10-Year Annualised Price Growth - NE2
2.0%
19
National percentile
Estimate at 31 Jul 2026
10-Year Annualised Rent Growth - NE
4.1%
58
National percentile
Estimate at 31 Jul 2026
Street Rankings — NE2
Top 5 streets in NE2 ranked by 3-year average sale price.
| # | Street | 3Y Avg |
|---|---|---|
| 1 | Deepwood | £1,275,000 |
| 2 | Mitchell Avenue | £1,074,875 |
| 3 | Burdon Place | £1,050,000 |
| 4 | Carlton Terrace | £1,009,583 |
| 5 | Glastonbury Grove | £933,500 |
Highest Monthly Sales — NE2
The highest-value transaction recorded in NE2 for each of the last 5 months.
Property Price & Volume Trends
The average property price in NE2 is £362,000, positioning it close to the national midpoint. Over the past decade, prices have grown at 2.6% annually—a below-average pace compared with the rest of the UK. Transaction activity has slowed considerably, with 205 sales in the latest year against a ten-year average of 289, reflecting a recent contraction in market volume.
Rent & Yield Trends
Monthly rents average £830, well below the national typical level. Rental growth over ten years has been solid at 4.0% per annum, in line with national trends. The flat yield currently stands at 6.0%, up from a ten-year average of 5.3%, indicating improving returns for buy-to-let investors as rental growth has outpaced price appreciation.
Income & Affordability Trends
Average household net income in NE2 is £28,827, significantly below the national average. The price-to-income ratio now stands at 11.5x, having deteriorated from 8.6x in 2016, making purchase increasingly challenging relative to local earnings. Rental affordability has also worsened: the rent-to-income ratio has risen from 24.1% to 26.2% over the same period, reflecting faster rent growth than income gains.
Resident Demographic Profile
The population is exceptionally young, with 48% aged 16–24 (against a national average of 11.0%), reflecting the presence of university halls and student accommodation. Correspondingly, the proportions aged 35 and over are all markedly below national norms. Housing is predominantly privately rented at 49.8%, far above the national average of 21.7%, while outright ownership at 21.8% is below the national typical of 33.7%. The workforce is dominated by professionals at 37.6%, nearly double the national average, suggesting significant graduate-level employment in the city centre.