At a Glance
Average Property Price - NE9
£217,116
17
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE9
£34,891
31
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE9
2.5%
16
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The latest average property price in NE9 is £217,116, placing it among the cheaper areas nationally. Over the past decade, prices have grown at 2.5% annually—a notably slower pace than the UK average—suggesting the district has underperformed in capital appreciation. Transaction volume has declined: last year saw 350 sales, down from an average of 463 per year over the past ten years.
Rent & Yield Trends
Average monthly rent stands at £830, below the national median, reflecting the area's affordable rental market. Rent growth over the past decade has been 4.0% annually, broadly in line with national trends. The flat yield is currently 6.0%, up from a 10-year average of 5.3%, indicating that rental returns have improved and present a more attractive proposition for buy-to-let investors.
Income & Affordability Trends
Average net household income is £34,891, below the national average. The price-to-income ratio of 6.0x has improved slightly since 2016 (when it was 6.1x), suggesting modest gains in purchase affordability. However, rental affordability has worsened: the rent-to-income ratio has risen from 24.1% in 2016 to 26.2% today, indicating that renters now spend a larger share of their income on housing.
Resident Demographic Profile
The population skews slightly older, with 21.5% aged 50–64 (above the national 19.8%) and notably fewer young adults aged 16–24 at 9% (below the national 11.0%). Social rented housing is significantly above average at 26.8% compared to the national 16.5%, while private renting is well below at 13.8%. Employment is weighted towards administrative roles (10.6%, above the national 9.0%) and elementary occupations (10.8%), with notably fewer managers (9.8% versus the national 13.4%).