At a Glance
Average Property Price - NE39
£242,974
26
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE39
£23,059
2
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE39
2.7%
20
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The latest average property price is £243,000, placing it among the cheaper areas nationally. Over the past decade, prices have grown at an annualised rate of 2.7%, which is notably slower than the national average. Transaction activity has softened in the latest year, with 96 sales compared to an average of 125 across the previous ten years.
Rent & Yield Trends
Average monthly rents of £830 sit below the national midpoint. Rental growth over the past decade has been solid at 4.0% per year, in line with the national trend. The flat yield currently stands at 6.0%, an improvement on the ten-year average of 5.3%, reflecting stronger rental returns in recent periods.
Income & Affordability Trends
Average household income of £23,059 is significantly below the national average, placing the area among the lowest-earning districts nationally. The price-to-income ratio of 10.5x has deteriorated sharply since 2016 (when it was 6.3x), indicating that property affordability has worsened considerably. Rental affordability has also declined, with the rent-to-income ratio rising from 24.1% in 2016 to 26.2% today.
Resident Demographic Profile
The population is notably older, with over a quarter aged 65 and above (27.3%) compared to the national average of 19.6%, and those aged 50–64 representing 23.2% versus 19.8% nationally. Owner-occupation is strong, with 44.2% owning outright and a further 30.7% with mortgages, well above national norms. Private rental tenure is unusually low at 8.5%. The workforce is skewed towards professionals (23.1%) and technical roles (14.6%), with fewer people in elementary occupations (7.3%) than the national average.