At a Glance
Average Property Price - NE43
£360,569
59
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE43
£20,685
2
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE43
2.0%
9
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The current average property price of £361,000 is close to the national average, sitting just above the midpoint nationally. However, price growth over the past decade has been sluggish, with annualised growth of 2.0% placing it among the slowest-growing areas in the country. Transaction activity has also softened, with 43 sales in the latest year compared to a 10-year average of 62 per annum, suggesting a quieter market.
Rent & Yield Trends
Rents in the broader NE area average £830 per month, well below the national typical level. Rental growth over the past decade has been moderate at 4.0% per year, broadly in line with national trends. The flat yield currently stands at 6.0%, a notable improvement on the 10-year average of 5.3%, indicating strengthening returns for landlords in the lettings market.
Income & Affordability Trends
Average household income of £21,685 is significantly below the national average, placing the area among the lowest-earning parts of the country. This income pressure is reflected in affordability: the price-to-income ratio has deteriorated sharply from 8.6x in 2016 to 16.8x today, making property purchase far less accessible. Rental affordability has also worsened, with rent now consuming 26.2% of household income compared to 24.1% in 2016.
Resident Demographic Profile
The population is notably older and more settled than average. Those aged 50–64 and 65+ together account for nearly half the population, well above their combined national share of 39.4%. Conversely, younger age groups are underrepresented—those aged 16–24 make up just 8.2% compared to 11.0% nationally. Housing is dominated by outright ownership at 41%, substantially higher than the national 33.7%, while private rental is proportionally low at 14%. The employment profile skews towards professionals and managers (40.4% combined), notably above the national average of 33.9%.