At a Glance
Average Property Price - NE29
£218,190
17
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE29
£32,937
18
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE29
5.1%
90
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The latest average property price is £218,190, placing it among the cheapest nationally. Over ten years, prices have grown by 5.1% annually—a pace among the fastest nationally. Transaction volumes have eased slightly: 462 sales in the latest full year against a ten-year average of 527, suggesting a modest softening in activity.
Rent & Yield Trends
Average monthly rents stand at £830, below the national average. Rental growth over ten years has been close to the national median at 4.0% annually. Flat yields have improved, rising to 6.0% in the latest year from a ten-year average of 5.3%, indicating strengthening returns for landlords.
Income & Affordability Trends
Average net household income is £32,937, notably below the national median. Purchase affordability has deteriorated: the price-to-income ratio has widened from 5.4x in 2016 to 6.0x today, placing homes further out of reach relative to earnings. Rental affordability has also worsened, with rent-to-income rising from 24.1% to 26.2% over the same period.
Resident Demographic Profile
The population skews slightly older, with those aged 50–64 and 65+ each slightly above average, while young adults aged 16–24 are notably underrepresented. Housing tenure reveals a much higher proportion in social rented accommodation (28.8% vs 16.5% nationally) and correspondingly lower owner-occupancy. Employment is weighted towards caring roles (11.2% vs 9.2%), sales (11.6% vs 7.3%), and elementary work (12.2% vs 10.2%), while professional and managerial roles are below average.