At a Glance
Average Property Price - NE40
£197,716
11
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE40
£37,048
44
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE40
3.2%
36
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE40 is £198,000, placing it well below the national average—among the cheapest nationally. Ten-year annualised growth has been 3.2%, roughly in line with the slowest half of the national range. Transaction activity has slowed noticeably: 243 sales in the latest full year against a ten-year average of 288 per annum.
Rent & Yield Trends
Average monthly rent stands at £830, notably below the national average. Over the past decade, rents have grown at 4.0% per year—close to the national median. The flat yield currently sits at 6.0%, up from a ten-year average of 5.3%, reflecting an improving outlook for landlords despite softer capital growth.
Income & Affordability Trends
Household incomes average £37,048 annually, roughly in line with the national median. The price-to-income ratio of 5.8x has deteriorated since 2016 (when it stood at 5.4x), signalling that homes have become less affordable relative to earnings. Rental affordability has also worsened: the rent-to-income ratio has risen from 24.1% to 26.2%, leaving tenants with a slightly tighter budget.
Resident Demographic Profile
The population is notably older than average, with 22.7% aged 65 and above (against 19.6% nationally) and 22.6% aged 50–64 (against 19.8% nationally). Young adults aged 16–24 are significantly underrepresented at 7.8%, compared to 11.0% nationally. Housing tenure is heavily weighted toward ownership: 39.3% own outright (well above the 33.7% national average) and 34.7% own with a mortgage, while private rental is unusually low at 12.5%. Employment is fairly balanced across most sectors, though elementary occupations are less common than the national average at 7.6%.