At a Glance
Average Property Price - NE23
£205,970
14
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE23
£21,920
2
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE23
3.4%
44
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE23 is £206,000, placing it well below the national average—among the most affordable districts nationally. Over the past decade, prices have grown at 3.4% per year, slightly slower than the national trend. Transaction volumes have been softer recently, with 511 sales in the latest full year compared to a ten-year average of 624.
Rent & Yield Trends
Average monthly rent in the broader NE postcode area stands at £830, below the national average. Rents have risen at 4.0% per year over a decade, broadly in line with national growth. The flat yield currently stands at 6.0%, up from a ten-year average of 5.3%, reflecting improved returns for investors.
Income & Affordability Trends
Average net household income is £21,920—significantly below the national average, placing the area among the lowest nationally. The price-to-income ratio has risen sharply to 9.5x from 5.3x in 2016, signalling a material deterioration in purchase affordability over the period. Rental affordability has also weakened, with rents now consuming 26.2% of income compared to 24.1% in 2016.
Resident Demographic Profile
The population skews notably older, with over a fifth aged 65 or above (compared to 19.6% nationally) and fewer young adults aged 16–24 (8.7% versus 11.0%). The tenure profile is distinctive: social rented housing accounts for 27.4% of homes—well above the 16.5% national average—while private renting is below average at 13.6%. Employment is weighted towards caring roles (11.3%, above the 9.2% norm) and administrative work, with notably fewer professionals and managers than the national average.