At a Glance
Average Property Price - NE22
£185,781
9
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE22
£31,455
12
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE22
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 NE22 is £186,000, placing it among the most affordable nationally. Over the past decade, prices have grown at 2.0% annually — notably below the national average, reflecting slower regional market appreciation. Transaction volumes have remained steady, with 284 sales in the latest year compared to a 10-year average of 290, indicating consistent local activity.
Rent & Yield Trends
Average monthly rent stands at £830, below the national median. Rental growth over the past decade has been moderate at 4.0% per annum, broadly in line with national trends. The flat yield has improved to 6.0% from a 10-year average of 5.3%, suggesting that rental returns have strengthened relative to property values in recent years.
Income & Affordability Trends
Average household income is £31,455, placing the area well below the national average. The price-to-income ratio of 6.2x has deteriorated since 2016 (when it was 5.3x), indicating that property affordability has weakened relative to local earnings. Rental affordability has similarly declined; the rent-to-income ratio has risen from 24.1% in 2016 to 26.2% today, meaning renters are spending a slightly larger share of their income on housing.
Resident Demographic Profile
The population skews notably older than the national average, with over-50s accounting for 45% of residents compared to 39% nationally, while young adults aged 16–24 are underrepresented at 9.1% versus 11.0%. Social rented housing is more prevalent at 20.8% against the national 16.5%, reflecting stronger reliance on affordable housing provision. The employment mix is distinctive for a higher proportion in caring occupations (13.3% versus 9.2% nationally) and in skilled trades (11.7% versus 10.5%), balanced against fewer professionals (14.7% versus 20.5%) than the national average.