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Property Price Trends
Victoria Square, Newcastle upon Tyne, Tyne and Wear
NE2 4DE Newcastle upon Tyne District (B)
What are the historical property price trends?
Explore the yearly trends in property prices for the NE2 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
NE2
Most Expensive Property
£1,710,000
A P Chau C C Barker Street, NE2 1BH
Sold: 19 June 2023
Cheapest Property
£83,000
Lonsdale Court 31 NE2 3HF
Sold: 26 February 2024
£207,000
The average house price in Newcastle upon Tyne was £207,000 in November 2024 (provisional), up 8.8% from November 2023. This was higher than the rise in the North East (5.9%) over the same period.
£1,022
Private rents rose to an average of £1,022 in December 2024, an annual increase of 5.9% from £966 in December 2023. This was lower than the rise in the North East (8.9%) over the year.
£181,000
The average price paid by first-time buyers was £181,000 in November 2024 (provisional). This was 9.2% higher than the average of £165,000 in November 2023 (revised).
£215,000
For homes bought with a mortgage, the average house price was £215,000 in November 2024 (provisional). This was 9.2% higher than the average of £197,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Newcastle upon Tyne, E08000021). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in NE2 4DE?
The graph below shows the five-year capital growth figures for properties for the NE2 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in NE2 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Tyne and Wear?
For Homebuyers:
For homebuyers in Tyne and Wear, the property market is currently showing an upward trend in house prices. According to the latest data, the average house price in Tyne and Wear is £190,000, a 5% increase compared to the previous year. Popular areas for homebuyers include Newcastle upon Tyne (NE1, NE2, NE3), Sunderland (SR1, SR2, SR3), and Gateshead (NE8, NE9, NE10). The availability of housing stock is moderate, with a good range of properties to choose from. However, competition can be fierce in certain areas, so it's important for homebuyers to act quickly. Overall, Tyne and Wear offers a diverse range of properties to suit different budgets and preferences, making it an attractive market for homebuyers.
For Renters:
For renters in Tyne and Wear, the rental market offers a mix of affordability and choice. The average rent price in Tyne and Wear is £700 per month for a one-bedroom property, and £900 for a two-bedroom property. Popular rental areas include South Shields (NE33, NE34), Washington (NE37, NE38), and Whitley Bay (NE25, NE26). Rental properties are relatively easy to find, with a good supply of rental stock available. However, competition can be high in certain areas, so renters are advised to act quickly when they find a suitable property. Overall, Tyne and Wear offers a range of rental properties to suit different budgets and preferences, making it a popular choice for renters.
For Investors:
For investors in Tyne and Wear, the property market offers potential for good returns. With house prices on the rise, investors can benefit from capital growth in the long term. Rental yields in Tyne and Wear are also attractive, with an average yield of 5% for buy-to-let properties. Popular areas for investment include Newcastle upon Tyne (NE4, NE5), Sunderland (SR4, SR5), and Gateshead (NE11, NE21). The availability of investment properties is good, with a range of buy-to-let opportunities available. Overall, Tyne and Wear offers a promising market for investors looking to generate rental income and capital growth.
For Homebuyers:
For homebuyers in Tyne and Wear, the property market is currently showing an upward trend in house prices. According to the latest data, the average house price in Tyne and Wear is £190,000, a 5% increase compared to the previous year. Popular areas for homebuyers include Newcastle upon Tyne (NE1, NE2, NE3), Sunderland (SR1, SR2, SR3), and Gateshead (NE8, NE9, NE10). The availability of housing stock is moderate, with a good range of properties to choose from. However, competition can be fierce in certain areas, so it's important for homebuyers to act quickly. Overall, Tyne and Wear offers a diverse range of properties to suit different budgets and preferences, making it an attractive market for homebuyers.
For Renters:
For renters in Tyne and Wear, the rental market offers a mix of affordability and choice. The average rent price in Tyne and Wear is £700 per month for a one-bedroom property, and £900 for a two-bedroom property. Popular rental areas include South Shields (NE33, NE34), Washington (NE37, NE38), and Whitley Bay (NE25, NE26). Rental properties are relatively easy to find, with a good supply of rental stock available. However, competition can be high in certain areas, so renters are advised to act quickly when they find a suitable property. Overall, Tyne and Wear offers a range of rental properties to suit different budgets and preferences, making it a popular choice for renters.
For Investors:
For investors in Tyne and Wear, the property market offers potential for good returns. With house prices on the rise, investors can benefit from capital growth in the long term. Rental yields in Tyne and Wear are also attractive, with an average yield of 5% for buy-to-let properties. Popular areas for investment include Newcastle upon Tyne (NE4, NE5), Sunderland (SR4, SR5), and Gateshead (NE11, NE21). The availability of investment properties is good, with a range of buy-to-let opportunities available. Overall, Tyne and Wear offers a promising market for investors looking to generate rental income and capital growth.
Last updated on 31 Mar 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for NE2 4DE
Estimated yield for property investors
7.63%
Yield
The estimated yield for the NE2 4DE postcode area is 7.63%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in NE2 4DE?
The recently sold properties table lists homes around NE2 4DE that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 07 September 2022 | £310,002 | Pegasus Jesmond Assembly 9 Eskdale Terrace, Newcastle Upon Tyne, NE2 4DH | Flat/Maisonette | Leasehold |
| 16 December 2023 | £550,000 | Pegasus Jesmond Assembly 20 Eskdale Terrace, Newcastle Upon Tyne, NE2 4DH | Flat/Maisonette | Leasehold |
| 21 February 2024 | £216,500 | 19 Eslington Terrace, Newcastle Upon Tyne, NE2 4RL | Flat/Maisonette | Leasehold |
| 29 February 2024 | £336,000 | 26a Garden Flat Eslington Terrace, Newcastle Upon Tyne, NE2 4RL | Flat/Maisonette | Leasehold |
| 14 September 2023 | £300,000 | 15 Eslington Terrace, Newcastle Upon Tyne, NE2 4RL | Flat/Maisonette | Leasehold |
| 14 September 2023 | £300,000 | 15 Flat 3 Eslington Terrace, Newcastle Upon Tyne, NE2 4RL | Flat/Maisonette | Leasehold |
Nearby sold properties | ||||
| 19 June 2023 | £1,710,000 | A P Chau C C Barker Street, Newcastle Upon Tyne, NE2 1BH | Other | Freehold |
| 12 December 2023 | £181,500 | 13 Wolseley Gardens, Jesmond, Newcastle Upon Tyne, NE2 1HR | Other | Leasehold |
| 08 January 2024 | £245,000 | 27 Flat 2 Osborne Avenue, Newcastle Upon Tyne, NE2 1JR | Flat/Maisonette | Leasehold |
| 25 November 2022 | £151,000 | Osborne Court 9 Osborne Avenue, Newcastle Upon Tyne, NE2 1LE | Flat/Maisonette | Leasehold |
| 19 January 2024 | £288,000 | 36 Goldspink Lane, Newcastle Upon Tyne, NE2 1NR | Terraced | Freehold |
| 27 October 2023 | £126,000 | 21 Brandon Grove, Newcastle Upon Tyne, NE2 1PA | Flat/Maisonette | Leasehold |
| 03 November 2023 | £1,328,589 | 75 Springbank Road, Newcastle Upon Tyne, NE2 1PD | Terraced | Freehold |
| 19 December 2023 | £125,000 | 42 Mountwood, Newcastle Upon Tyne, NE2 1PY | Flat/Maisonette | Leasehold |
| 25 August 2023 | £120,000 | 70 Broad Ash, Newcastle Upon Tyne, NE2 1PZ | Flat/Maisonette | Leasehold |
| 25 August 2023 | £120,000 | 70 Broad Ash, Newcastle Upon Tyne, NE2 1PZ | Flat/Maisonette | Leasehold |
| 24 February 2022 | £625,000 | 13 Portland Terrace, Newcastle Upon Tyne, NE2 1QQ | Other | Freehold |
| 03 November 2023 | £932,500 | 88 Grantham Road, Newcastle Upon Tyne, NE2 1QX | Other | Freehold |
| 29 November 2023 | £142,500 | 170 Doncaster Road, Newcastle Upon Tyne, NE2 1RB | Flat/Maisonette | Leasehold |
| 27 October 2023 | £160,000 | 47 Sandyford Park, Newcastle Upon Tyne, NE2 1TA | Terraced | Freehold |
| 06 December 2023 | £305,000 | 6a Fernwood Road, Jesmond, Newcastle Upon Tyne, NE2 1TJ | Flat/Maisonette | Leasehold |
| 16 February 2024 | £230,000 | 8 Flat 3 Akenside Terrace, Newcastle Upon Tyne, NE2 1TN | Flat/Maisonette | Leasehold |
| 08 December 2023 | £155,000 | Brandling Court 9 Akenside Terrace, Newcastle Upon Tyne, NE2 1TN | Flat/Maisonette | Leasehold |
| 24 November 2023 | £115,000 | Deuchar House, 158 Flat 3 Sandyford Road, Newcastle Upon Tyne, NE2 1XG | Flat/Maisonette | Leasehold |
| 14 September 2022 | £325,000 | 49d Osborne Road, Newcastle Upon Tyne, NE2 2AH | Flat/Maisonette | Leasehold |
| 23 February 2024 | £175,000 | Connaught Mews 3 Jesmond, Newcastle Upon Tyne, NE2 2BP | Flat/Maisonette | Leasehold |
| 27 February 2024 | £815,000 | 9 Reid Park Close, Newcastle Upon Tyne, NE2 2EZ | Detached | Freehold |
| 19 December 2023 | £550,000 | 24 Wellburn Park, Newcastle Upon Tyne, NE2 2JX | Semi-Detached | Freehold |
| 22 September 2023 | £255,000 | 53 Cavendish Place, Newcastle Upon Tyne, NE2 2NE | Terraced | Freehold |
| 29 February 2024 | £798,000 | 50 Fern Avenue, Jesmond, Newcastle Upon Tyne, NE2 2QX | Terraced | Freehold |
| 17 November 2023 | £275,000 | 42c St Georges Terrace, Jesmond, Newcastle Upon Tyne, NE2 2SY | Terraced | Leasehold |
| 16 February 2024 | £320,000 | 11 Flat 2 Haldane Terrace, Newcastle Upon Tyne, NE2 3AN | Flat/Maisonette | Leasehold |
| 14 April 2023 | £260,000 | 4c Haldane Terrace, Newcastle Upon Tyne, NE2 3AN | Flat/Maisonette | Leasehold |
| 05 May 2022 | £203,000 | 40 Ashleigh Grove, West Jesmond, Newcastle Upon Tyne, NE2 3DL | Flat/Maisonette | Leasehold |
| 23 February 2024 | £214,000 | 17 Brentwood Avenue, Newcastle Upon Tyne, NE2 3DQ | Terraced | Freehold |
| 26 February 2024 | £83,000 | Lonsdale Court 31 Newcastle Upon Tyne, NE2 3HF | Flat/Maisonette | Leasehold |
Please note that house prices for properties sold in and around NE2 4DE during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
