At a Glance
Average Property Price - NE32
£167,974
5
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE32
£30,461
9
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE32
4.4%
77
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE32 is £168,000, placing it among the cheapest nationally. Despite this low absolute level, the area has experienced strong price growth over the past decade, with annualised appreciation of 4.4% — substantially above the national average. However, transaction activity has slowed: the latest year saw 182 sales against a 10-year average of 229, a notable decline.
Rent & Yield Trends
Average monthly rent in the broader NE postcode area is £830, below the national midpoint. Rental growth over the past decade has been steady at 4.0% annually, broadly in line with national trends. The flat yield stands at 6.0%, a meaningful improvement on the 10-year average of 5.3%, reflecting the current attractiveness of buy-to-let investment in the area.
Income & Affordability Trends
Average net household income is £30,461, significantly below the national average at the lower end of the scale. The price-to-income ratio of 4.9x has worsened since 2016 (when it was 4.6x), indicating that property has become less affordable relative to earnings. Rental affordability has similarly deteriorated: the rent-to-income ratio has risen from 24.1% to 26.2%, suggesting rents now claim a larger share of household income.
Resident Demographic Profile
The population skews notably older, with those aged 50–64 representing 21.7% (above the national average of 19.8%) and those aged 65+ at 20.5% (above 19.6%). Social rented housing dominates, accounting for 38.5% of all tenure — more than double the national average of 16.5% — while outright ownership (25.9%) and mortgage-backed ownership (23.7%) are both well below national norms. The employment profile is notably weighted towards caring roles (12.4% vs 9.2% nationally) and elementary occupations (12.1% vs 10.2%), while professional and managerial roles are significantly underrepresented.