At a Glance
Average Property Price - NE64
£152,873
3
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE64
£30,116
8
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE64
6.1%
97
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
Properties in NE64 are among the cheapest in the country, with an average price of £153,000. The district has experienced exceptionally strong price growth over the past decade at 6.1% annually—among the fastest anywhere in the UK. Transaction volumes have eased slightly, with 75 sales in the latest year compared to an average of 87 over the preceding ten years.
Rent & Yield Trends
Monthly rents in the broader NE postcode area average £830, placing them well below the national median. Rent growth has been steady at 4.0% annually, close to the national trend. Rental yields have strengthened to 6.0%, up from a 10-year average of 5.3%, reflecting the attractive income potential for landlords in this market.
Income & Affordability Trends
Average household income in NE64 stands at £30,116, significantly below the national average. The price-to-income ratio of 4.4x has risen from 3.6x in 2016, indicating that property has become less affordable relative to local earnings despite low absolute prices. Rental affordability has also tightened, with the rent-to-income ratio rising from 24.1% to 26.2% over the same period.
Resident Demographic Profile
The population skews notably older, with nearly 26% aged 65 and over—well above the national average of 20%—and a notably lower proportion of young adults (8.5% aged 16–24, versus 11% nationally). Social rented housing accounts for 25% of tenure, markedly higher than the national average of 17%, reflecting the area's mixed-income profile. Employment is weighted towards trades, elementary roles, and caring professions, which together account for over 40% of the workforce—significantly higher than professional and managerial roles.