At a Glance
Average Property Price - NE28
£172,636
7
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE28
£31,921
13
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE28
3.3%
38
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE28 is £173,000, placing it among the cheapest in the UK nationally. Over the past decade, prices have grown at 3.3% annually—a below-average pace compared to the rest of the country. Transaction activity has softened recently, with 496 sales in the latest full year against a 10-year average of 636, suggesting a modest slowdown in market momentum.
Rent & Yield Trends
Average monthly rent in the broader NE postcode area stands at £830, roughly a quarter below the national median. Rental growth over the past decade has been middling at 4.0% annually. Yields have tightened attractively for investors: at 6.0%, they now exceed the 10-year average of 5.3%, reflecting the resilience of rental income relative to property values.
Income & Affordability Trends
Household income in NE28 averages £31,921, placing it well below the national typical. The price-to-income ratio of 5.2x has deteriorated since 2016 (when it stood at 4.5x), indicating that property has become less affordable relative to earnings. Rental affordability has also worsened: renters now spend 26.2% of income on housing, up from 24.1% in 2016.
Resident Demographic Profile
The population skews slightly older than national norms, with those aged 50–64 and 65+ each representing a marginally larger share. Social rented housing is notably prevalent at 27.7%—significantly above the national average of 16.5%—while outright ownership at 25.5% is below the national norm of 33.7%. The employment profile is distinctive: caring roles (11.3%) and administrative work (11.3%) are both well above national averages, while managerial positions (7.7%) are notably underrepresented.