At a Glance
Average Property Price - NE31
£190,157
10
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE31
£33,631
23
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE31
3.4%
41
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE31 is £190,157, placing it among the cheapest nationally. Over the past decade, prices have grown at 3.4% annually—broadly in line with the national trend. Transaction activity has softened recently, with 279 sales in the latest full year compared to an average of 350 over the past ten years.
Rent & Yield Trends
Average monthly rent across the broader NE postcode area stands at £830, below the national average. Rental growth over the past decade has been solid at 4.0% annually—slightly ahead of the national pace. The current flat yield of 6.0% sits above the ten-year average of 5.3%, reflecting improved returns for buy-to-let investors in the area.
Income & Affordability Trends
Average net household income is £33,631, placing the area below the national average. Purchase affordability has improved meaningfully: the price-to-income ratio has fallen from 5.5x in 2016 to 5.2x today. Rental affordability has tightened over the same period, with rent-to-income ratio rising from 24.1% to 26.2%, indicating that tenants now spend a notably larger share of income on housing.
Resident Demographic Profile
The age profile skews slightly older, with notably fewer young adults aged 16–24 (8.7% versus 11.0% nationally) and a larger share aged 50–64 (20.5% versus 19.8%). Housing tenure is distinctive: social rented accommodation accounts for nearly 30% of homes—well above the national 16.5%—while private renting is relatively sparse at 12.4%. The employment mix shows an above-average concentration in administrative roles (11.7% versus 9.0%) and caring professions (10.6% versus 9.2%), alongside notably fewer managers and professionals than the national average.