At a Glance
Average Property Price - NE34
£184,376
8
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE34
£32,409
16
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE34
2.8%
23
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE34 is £184,000, placing it among the cheapest 10% of UK postcodes nationally. Over the past decade, prices have grown at 2.8% annually — below the national average, reflecting slower appreciation than most regions. Transaction activity has slowed recently: 435 sales were recorded in the latest full year, down from a 10-year average of 516 annually.
Rent & Yield Trends
Average monthly rent across the broader NE postcode area is £830, in the lower third of national rental levels. Rental growth over ten years has averaged 4.0% per annum, broadly in line with the national trend. The flat yield currently stands at 6.0%, up from a 10-year average of 5.3%, indicating an improving return for rental investors in the area.
Income & Affordability Trends
Average net household income is £32,409, placing the area in the lower fifth nationally. The current price-to-income ratio of 5.3x has worsened slightly since 2016 (5.2x), suggesting modest downward pressure on purchase affordability. Rental affordability has also tightened: the rent-to-income ratio has risen to 26.2% from 24.1% in 2016, indicating a larger share of household income now devoted to rent.
Resident Demographic Profile
The population skews notably older than average, with 21.2% aged 65 and over compared to the national figure of 19.6%, and those aged 50–64 at 21.6% against 19.8% nationally. Social rented housing is the dominant tenure at 33.6% — roughly double the national average of 16.5% — reflecting strong reliance on council and housing association stock. The employment profile is notably weighted towards caring professions (12.0% versus 9.2% nationally) and shows underrepresentation of professional roles (14.4% versus 20.5% nationally).