At a Glance
Average Property Price - NE5
£200,588
12
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE5
£34,218
27
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE5
4.8%
85
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price in NE5 is £201,000, placing it well below the national average and among the most affordable postcode districts nationally. Over the past decade, prices have grown at 4.8% annually—significantly faster than the national average, reflecting steady but modest capital appreciation. Transaction activity last year was 582 sales, down from a 10-year average of 687, suggesting a slight softening in market momentum.
Rent & Yield Trends
Average monthly rents of £830 are below the national average, offering relatively affordable lettings in the broader North East context. Rental growth over ten years has been steady at 4.0% annually, tracking close to the national pace. The flat yield currently stands at 6.0%, up from a 10-year average of 5.3%, indicating strengthening returns for buy-to-let investors.
Income & Affordability Trends
Average net household income is £34,218, below the national average and placing the area in the lower-middle tier nationally. The price-to-income ratio now stands at 5.9x, worsened from 5.2x in 2016, reflecting that property prices have outpaced earnings growth. Rental affordability has similarly tightened, with rent now consuming 26.2% of income compared to 24.1% in 2016.
Resident Demographic Profile
The age profile is broadly in line with national averages, though the 16–24 age group is slightly underrepresented at 9.6%. Housing tenure shows a notably higher reliance on social rented accommodation at 25.8%, well above the national average of 16.5%, while private rental is correspondingly lower at 13.6%. The employment mix is distinctive for higher representation in caring roles (11.3%) and elementary occupations (11.5%), alongside lower managerial representation (8.8%) compared to national figures.