NE2 3LB is a residential postcode located on Osborne Road, Newcastle Upon Tyne, NE2. It is the 264th largest postcode in the NE2 area.
It contains 25 houses and the most common type of property is a period house built between 1800 and 1911.
The average house value is £520,313. Sales values have increased in the last 12 months by 1.6% and Rental values have increased by 8.3%.
Property sale values range from £416,406 for a freehold house, with 3 bedrooms split across 1,206 square feet of gross internal area and has a garden to £646,950 for a freehold house, with 6 bedrooms split across 2,594 square feet of gross internal area and has a garden.
Average £/ft2 for properties in NE2 3LB is £304/ft2.
Properties achieve a rental yield of between 5.8% and 7.5%, and rental values range from £2,591 to £3,124 per month.
The last sale was 25 Aug 2023 for £700,000 and since then the market in the area as increased by 2%. The postcode has had a total of 4 sales since 1995.
NE2 3LB has seen 3 sales in the last three years and no sales in the last twelve months.
NE2 3LB is the 264th largest and the 403rd most expensive postcode out of the 482 postcodes in the NE2 area.
NE2 3LB is a residential postcode located on Osborne Road, Newcastle Upon Tyne, NE2 with 25 houses within its bounds.
The most common property type in NE2 3LB is a period house built between 1800 and 1911.
The homes are generally period in style with the most common Energy Performance Certificate (EPC) rating being D.
The closest station to NE2 3LB is Manors station which is 2.7 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around NE2 3LB, 43.4% of property is privately owned outright and 27.4% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NE2 3LB, 54.7% of residents are recorded as possessing school level qualifications and 44.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around NE2 3LB, the average age was 30.5 and the most common age was 22.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NE2 3LB, 0.6% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NE2 3LB, there are an average of 1.5 cars per household.
See below for how this compares to North East and the rest of England & Wales.