At a Glance
Average Property Price - NE69
£735,000
94
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE69
£30,942
10
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE69
5.5%
93
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price of £735,000 places NE69 among the most expensive districts nationally. Over the past decade, prices have grown at 5.5% annually — a rate that exceeds national growth. However, transaction activity has weakened considerably: only 4 sales were recorded in the latest full year, less than half the 10-year average of 9 per year.
Rent & Yield Trends
Average monthly rent of £830 is well below the national average. Rental growth over the past decade has been steady at 4.0% per year, close to the national rate. The flat yield currently stands at 6.0%, an improvement on the 10-year average of 5.3%, reflecting stronger rental returns relative to property values in recent months.
Income & Affordability Trends
Average household income of £31,000 is significantly below the national average. The price-to-income ratio of 15.1x has deteriorated since 2016 (when it stood at 13.3x), making property purchase less affordable for local earners. Rental affordability has also worsened: the rent-to-income ratio has risen from 24.1% in 2016 to 26.2% today.
Resident Demographic Profile
The population is notably older than average, with over one-third aged 65 and above (compared to just under one-fifth nationally) and a much smaller young adult population — those aged 16–24 represent only 5.7% against the national figure of 11.0%. The housing stock is heavily weighted towards outright ownership at 42.4%, significantly above the national average of 33.7%. The workforce is marked by a strong trades presence at 18.1% — well above the national 10.5% — and notably fewer professionals than the national average.