At a Glance
Average Property Price - NE33
£153,452
3
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE33
£28,967
6
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE33
2.1%
11
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE33 is £153,000, among the cheapest nationally. Over the past decade, prices have grown by 2.1% annually—well below the national pace of growth. Transaction volumes have softened recently, with 273 sales in the latest full year compared to an annual average of 342 over the previous ten years.
Rent & Yield Trends
Average monthly rent in the broader NE postcode area stands at £830, below the national midpoint. Rental growth over the past decade has been close to the national average at 4.0% annually. The flat yield currently sits at 6.0%, up from a ten-year average of 5.3%, reflecting improving returns for landlords.
Income & Affordability Trends
Average household income in NE33 is £29,000, significantly below the national median. The price-to-income ratio has risen to 5.3x from 4.6x in 2016, indicating that property has become less affordable relative to earnings. Rental affordability has also worsened: the rent-to-income ratio has climbed from 24.1% to 26.2% over the same period.
Resident Demographic Profile
The population skews older than the national average, with those aged 50–64 representing 21.4% (versus 19.8% nationally) and a correspondingly smaller young adult cohort. Social rented housing is significantly over-represented at 31.6% of the tenure mix, well above the national figure of 16.5%. Owner-occupation is correspondingly lower, with only 23.6% owning outright and 21.2% holding mortgages. The occupational profile shows notable strength in caring roles (10.6% versus 9.2% nationally) and sales positions (10.8% versus 7.3%), whilst professional employment is below average at 15.5%.