At a Glance
Average Property Price - NE41
£395,248
66
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE41
£42,483
68
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE41
3.3%
38
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
At £395,000, NE41 sits among the more expensive districts nationally. Over the past decade, prices have grown at 3.3% annually—a below-average rate compared to the wider UK market. Transaction activity has weakened: just 25 sales occurred in the latest full year, down significantly from the ten-year average of 33 per year, suggesting a quieter sales market.
Rent & Yield Trends
Average monthly rent across the broader NE postcode area is £830, well below the national mid-point. Rents have grown at 4.0% annually over ten years, tracking close to the national pace. The flat yield currently stands at 6.0%, up from a ten-year average of 5.3%, reflecting improving returns for landlords in recent years.
Income & Affordability Trends
Average household income of £42,483 sits above the national midpoint. Purchase affordability has deteriorated slightly: the price-to-income ratio now stands at 8.8x, compared to 8.6x in 2016. Rental affordability has also weakened; the rent-to-income ratio has risen from 24.1% to 26.2% over the same period, indicating higher rental costs relative to earnings.
Resident Demographic Profile
The population skews notably older: those aged 50–64 and 65+ together account for nearly half the population, well above national averages. Conversely, younger age groups are underrepresented—the 16–24 and 25–34 cohorts are both significantly below national norms. Outright ownership is strong at 42.1%, reflecting the older demographic profile, while private renting is notably low at 14.2%. The workforce is dominated by professionals (26.4%) and managers (14.8%), both above national levels, with far fewer in elementary roles (6.2%).