At a Glance
Average Property Price - NE35
£172,866
7
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE35
£33,961
25
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE35
1.8%
7
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The latest average property price of £173,000 sits well below the national average, placing it among the most affordable postcode districts nationally. Over the past decade, prices have grown at an annualised rate of 1.8% per year, which represents notably sluggish growth compared with most of the country. Transaction activity has remained steady, with 71 sales in the latest full year tracking closely to the 10-year average of 68 per year.
Rent & Yield Trends
Average monthly rents of £830 sit below the national median, reflecting the more affordable character of the area. Rent 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%, which is above its 10-year average of 5.3%, signalling improved returns for buy-to-let investors in recent times.
Income & Affordability Trends
Average household income of £34,000 is noticeably below the national average, reflecting the lower-income profile of the area. The price-to-income ratio of 5.1x has remained unchanged since 2016, meaning affordability for owner-occupation has neither improved nor worsened over that period. Rental affordability has tightened slightly: the rent-to-income ratio has risen from 24.1% in 2016 to 26.2% today, placing an increasing squeeze on renters' budgets.
Resident Demographic Profile
The population skews older than average, with over a fifth aged 65 and above and a notably higher share in the 50–64 age bracket; conversely, young adults aged 16–24 are significantly underrepresented. Social renting is substantially more prevalent than nationally at 25.9%, while private renting is correspondingly much lower at 12.5%. The employment mix is weighted towards trades and elementary occupations, with fewer professionals and managers than the national average.