At a Glance
Average Property Price - NE26
£370,550
61
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE26
£42,232
67
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE26
5.1%
90
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE26 is £371,000, placing it around the middle of the national range. Over the past decade, prices have grown at an annualised rate of 5.1%, which is notably above the national average and ranks among the strongest performers nationally. Transaction volumes have softened recently, with 252 sales in the latest full year compared to a 10-year average of 323 per year.
Rent & Yield Trends
Rents in the broader NE postcode area average £830 per month, well below the national median and among the least expensive in the country. Rental growth over the past decade has run at 4.0% per year, in line with the national average. The flat yield currently stands at 6.0%, an improvement on its 10-year average of 5.3%, reflecting favourable conditions for buy-to-let investors.
Income & Affordability Trends
Average net household income in NE26 is £42,232, above the national average. The price-to-income ratio has risen from 7.5x in 2016 to 8.0x today, indicating that properties have become less affordable relative to local earnings over that period. Rental costs have also increased as a proportion of household income, rising from 24.1% in 2016 to 26.2% now.
Resident Demographic Profile
The population skews older than the national average, with 22.4% aged 65 or over compared to a national average of 19.6%, and those aged 35–49 and 50–64 both notably overrepresented. The area is heavily owner-occupied, with 39.5% owning outright (well above the national 33.7%) and a further 34.3% with a mortgage, leaving only 14.1% in private rental accommodation. The workforce is notably professional and technical, with 29% in professional roles—substantially above the national 20.5%—and 14.9% in technical occupations, while trades and manual work are underrepresented.