At a Glance
Average Property Price - NE21
£180,496
8
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE21
£33,933
25
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE21
2.0%
9
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE21 is £180,000, placing it among the cheapest in the country. Over the past decade, prices have grown at 2.0% annually—well below the national pace, reflecting a slower market dynamic. Transaction volumes have eased from their 10-year average, with 224 sales in the latest full year compared to 280 historically.
Rent & Yield Trends
Average monthly rent stands at £830, below the national mid-point. Rental growth has been moderate at 4.0% annually over the past decade, in line with national trends. Yields have improved, now at 6.0% compared to a 10-year average of 5.3%, reflecting a more attractive rental return in recent periods.
Income & Affordability Trends
Household income averages £34,000, below the national typical level. Property remains affordable relative to earnings: the price-to-income ratio stands at 5.2x and has remained stable since 2016. Rental affordability has tightened slightly, with rent now consuming 26.2% of income compared to 24.1% a decade ago.
Resident Demographic Profile
The population skews notably older, with over one-fifth aged 65 or above and those aged 50–64 also overrepresented, reflecting an ageing demographic profile. Young adults aged 16–24 are significantly underrepresented at under 9%. Social rented housing accounts for nearly a quarter of all tenure—well above the national average—whilst private renting is comparatively scarce. Employment is heavily weighted towards trades, caring roles, and sales positions, with professionals underrepresented.