Estate Agents active nearby!
Postcode Overview
of NE2 1RE
NE2 1RE is a residential postcode located on Helmsley Road, Newcastle Upon Tyne, NE2. It is the 442nd largest postcode in the NE2 area.
It contains 65 residential addresses consisting of 6 houses, 51 flats and 8 unknown and the most common type of property is a period flat built between 1800 and 1911.
Average property prices
in NE2 1RE
The average house value is £160,168. Sales values have increased in the last 12 months by 2.3% and Rental values have increased by 8.9%.
Property sale values range from £141,430 for a leasehold flat, with 2 bedrooms split across 560 square feet of gross internal area and has a garden to £389,530 for a freehold house, with 5 bedrooms split across 1,679 square feet of gross internal area and has a garden.
Average £/ft2 for properties in NE2 1RE is £224/ft2.
Properties achieve a rental yield of between 7.1% and 9.9%, and rental values range from £1,070 to £2,535 per month.
Recent sales
within NE2 1RE
The last sale was 04 Jul 2022 for £200,000 and since then the market in the area has increased by 1.3%. The postcode has had a total of 4 sales since 1995.
NE2 1RE has seen 4 sales in the last three years and no sales in the last twelve months.
Nearby postcodes
to NE2 1RE
NE2 1RE is the 442nd largest and the 91st most expensive postcode out of the 482 postcodes in the NE2 area.
Nearby postcodes
to NE2 1RE
NE2 1RE is the 442nd largest and the 91st most expensive postcode out of the 482 postcodes in the NE2 area.
Property types
in NE2 1RE
NE2 1RE is a residential postcode located on Helmsley Road, Newcastle Upon Tyne, NE2 with 6 houses, 51 flats and 8 unknown within its bounds.
The most common property type in NE2 1RE is a period flat built between 1800 and 1911.
Energy Efficiency
of properties within NE2 1RE
The homes with certificates are generally period in style with the most common Energy Performance Certificate (EPC) rating being D.
Schools nearby
to NE2 1RE
Public transport nearby
to NE2 1RE
The closest station to NE2 1RE is Manors station which is 1.0 kilometres away.
