Key indicators for buyers
The NE2 market is moderately favourable for buyers. Prices are rising at 8.7%, which may favour acting sooner rather than later. Affordability has improved from a peak of 6.6x in 2007 to 5.7x today. Rising rents (£1,199/mo, +15.8%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Newcastle upon Tyne area
A home in Newcastle upon Tyne costs 5.7x the local median salary — moderate, improving from a peak of 6.6x in 2007.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Newcastle upon Tyne area
Average monthly rent in Newcastle upon Tyne is £1,199, up 15.8% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Newcastle upon Tyne price of £387,833 with a 25% deposit (£97k), a 2-year fixed mortgage at 3.97% costs around £1,531 per month.
Monthly cost comparison based on current data
Uses NE2 avg. price with Newcastle upon Tyne rental data
Monthly mortgage payments (£1,531) are £332 more than renting (£1,199). However, buying requires an upfront deposit of £97k — it would take around 14 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
10, ESKDALE MANSIONS, ESKDALE TERRACE NE2 4DL | Flat/Maisonette | £250,000 | 23 Jan 2026 |
89, LODORE ROAD NE2 3NR | Terraced | £376,000 | 21 Jan 2026 |
FLAT 2, 82, ST GEORGES TERRACE, JESMOND NE2 2DL | Flat/Maisonette | £306,000 | 19 Jan 2026 |
70, HOLLY AVENUE, JESMOND NE2 2QA | Terraced | £550,000 | 15 Jan 2026 |
6, SELBORNE GARDENS NE2 1EY | Semi-detached | £465,000 | 15 Jan 2026 |
16, GREAT NORTH ROAD, JESMOND NE2 4PS | Terraced | £380,000 | 14 Jan 2026 |
BEECHWOOD, CLAYTON ROAD, JESMOND NE2 1TL |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in NE2 sold for £387,833 in 2026, with a median of £378,000 across 6 transactions. Prices rose 8.7% compared to the previous year.
| Detached |
| £1,750,000 |
| 23 Dec 2025 |
86, GRANTHAM ROAD NE2 1QX | Terraced | £135,000 | 19 Dec 2025 |
16A, BELLE GROVE TERRACE NE2 4LL | Flat/Maisonette | £280,000 | 19 Dec 2025 |
81B, OSBORNE ROAD NE2 2AN | Terraced | £182,500 | 19 Dec 2025 |
68, DENESIDE COURT NE2 1JW | Flat/Maisonette | £155,000 | 19 Dec 2025 |
81A, OSBORNE ROAD NE2 2AN | Flat/Maisonette | £205,000 | 19 Dec 2025 |
10, MAYFAIR ROAD NE2 3DP | Terraced | £408,000 | 18 Dec 2025 |
FLAT 16, WOODLAND MEWS, REID PARK ROAD NE2 2ER | Flat/Maisonette | £70,000 | 17 Dec 2025 |
42, SHIELD STREET NE2 1XQ | Flat/Maisonette | £175,000 | 16 Dec 2025 |
81, JESMOND ROAD NE2 1NH | Flat/Maisonette | £175,000 | 15 Dec 2025 |
FLAT 5, 8, ESKDALE TERRACE NE2 4DN | Flat/Maisonette | £200,000 | 15 Dec 2025 |
88, BAYSWATER ROAD, JESMOND NE2 3HS | Other | £400,000 | 12 Dec 2025 |
23, DENESIDE COURT NE2 1EZ | Flat/Maisonette | £135,000 | 10 Dec 2025 |
22, SHORTRIDGE TERRACE NE2 2JE | Flat/Maisonette | £172,050 | 5 Dec 2025 |
The most recent recorded sale in NE2 was a flat/maisonette property on Eskdale Terrace for £250,000 in January 2026. Across the last 20 sales, the median price was £250,000.