Close - NE1 3RF
Key Postcode Insights
NE1 3RF is a residential postcode situated on Close, Newcastle Upon Tyne, NE1 with 46 addresses.
It ranks as the 637th largest and 252nd most expensive of the 804 postcodes in the NE1 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 46 properties: 3 houses and 43 flats.
- Ave. Sale Price
- £165,430
- 10 Year change
- up 12.6%
- Ave. Rental Price
- £1,051pcm
- 10 Year change
- up 52.2%
- Ave. £ per ft²
- £258/ft²
- Ave. Gross Yield
- 7.6%/year/yr
Key Postcode Insights
NE1 3RF is a residential postcode situated on Close, Newcastle Upon Tyne, NE1 with 46 addresses.
It ranks as the 637th largest and 252nd most expensive of the 804 postcodes in the NE1 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 46 properties: 3 houses and 43 flats.
- Ave. Sale Price
- £165,430
- 10 Year change
- up 12.6%
- Ave. Rental Price
- £1,051pcm
- 10 Year change
- up 52.2%
- Ave. £ per ft²
- £258/ft²
- Ave. Gross Yield
- 7.6%/year/yr
Explore Propertiesin NE1 3RF
- Merchants Quay 46-54 Close
Modern Building | 43 Units
- 32 Close
House
- 94-96 Close
House
- 104 Close
House
Sales Market Trends
The last sale in NE1 3RF sold for £165,000 on 26th February 2026. Since then prices are up an average of 4.2%.
The current average value in the postcode is £165,430.
The NE1 3RF Sales Market has increased by 12.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.2% | £165,430 |
| June 2025 | 5.4% | £163,437 |
| June 2024 | -2.1% | £155,097 |
| June 2023 | 0% | £158,453 |
| June 2022 | 6% | £158,418 |
| June 2021 | 1.7% | £149,492 |
| June 2020 | 1.3% | £147,000 |
| June 2019 | 0.6% | £145,143 |
| June 2018 | -0.7% | £144,329 |
| June 2017 | -1.1% | £145,282 |
| June 2016 | 1.6% | £146,873 |
| June 2015 | 3.8% | £144,522 |
| June 2014 | 1.2% | £139,231 |
| June 2013 | 1.1% | £137,530 |
| June 2012 | -2.6% | £136,055 |
| June 2011 | -3.3% | £139,631 |
| June 2010 | 1.1% | £144,385 |
| June 2009 | -11.2% | £142,768 |
| June 2008 | -4.4% | £160,771 |
| June 2007 | 0% | £168,249 |
Rental Market Trends
The current average rental value in the postcode is £1,051.
The NE1 3RF Rental Market has increased by 52.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4.1% | £1,051pcm |
| June 2025 | 5.4% | £1,009pcm |
| June 2024 | 9.7% | £957pcm |
| June 2023 | 8.9% | £873pcm |
| June 2022 | 9.7% | £802pcm |
| June 2021 | 4.6% | £731pcm |
| June 2020 | 1.7% | £699pcm |
| June 2019 | 0.6% | £687pcm |
| June 2018 | -0.6% | £683pcm |
| June 2017 | -0.4% | £688pcm |
| June 2016 | 0.5% | £690pcm |
| June 2015 | 1.4% | £687pcm |
| June 2014 | 1.4% | £678pcm |
| June 2013 | 0.1% | £668pcm |
| June 2012 | 0.6% | £668pcm |
| June 2011 | 1.7% | £664pcm |
| June 2010 | 0.8% | £653pcm |
| June 2009 | -5.2% | £648pcm |
| June 2008 | -0.6% | £683pcm |
| June 2007 | 0% | £687pcm |
Sales History
The last sale was on 26th February 2026 for £165,000 and since then the market in the area has increased by 4.2%. The postcode has had a total of 72 sales since 1995.
NE1 3RF has seen 5 sales in the last three years and 3 sales in the last twelve months.
- Sold Feb 2026£165,000 | 2 Bed FlatApartment 22, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RFApartment 22, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RF
- Sold Aug 2025£162,500 | 2 Bed FlatApartment 23, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RFApartment 23, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RF
- Sold Aug 2025£130,000 | 2 Bed FlatApartment 32, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RFApartment 32, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RF
- Sold Jun 2025£121,000 | 2 Bed FlatApartment 10, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RFApartment 10, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RF
- Sold May 2024£132,625 | 4 Bed House94-96, Close, Newcastle Upon Tyne, NE1 3RF94-96, Close, Newcastle Upon Tyne, NE1 3RF
Nearby Postcodes
NE1 3RF is the 637th largest and the 252nd most expensive postcode out of the 804 postcodes in the NE1 area.
- NE1 3RJ, Close, Newcastle Upon Tyne, NE1NE1 3RJ41 Addresses|43 m away
- NE1 1RN, Queens Lane, Newcastle Upon Tyne, NE1NE1 1RN1 Addresses|54 m away
- NE1 3NH, Clavering Place, Newcastle Upon Tyne, NE1NE1 3NH27 Addresses|57 m away
- NE1 1NA, Queens Lane, Newcastle Upon Tyne, NE1NE1 1NA57 Addresses|61 m away
- NE1 3RN, Close, Newcastle Upon Tyne, NE1NE1 3RN1 Addresses|64 m away
Property Types
- 43 modern flats built after 1980
- 3 other addresses of unknown type
- modern flat (43)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 42 properties.
- The most common rating is C.
- A (0)
- E (0)
- B (12)
- F (0)
- C (22)
- G (0)
- D (8)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Nov 2022£339,999 | 2 Bed FlatApartment 41, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RFApartment 41, Merchants Quay 46-54, Close, Newcastle Upon Tyne, NE1 3RF
- Sold Feb 2007£310,000 | 2 Bed FlatApartment 17, 62, Close, Newcastle Upon Tyne, NE1 3RJApartment 17, 62, Close, Newcastle Upon Tyne, NE1 3RJ
- Sold Jan 2008£300,000 | 3 Bed FlatApartment 21, 58, Close, Newcastle Upon Tyne, NE1 3RJApartment 21, 58, Close, Newcastle Upon Tyne, NE1 3RJ
Schools Nearby
- Christ Church CofE Primary School1.0 km away
- Our Lady and St Anne's Catholic Primary School1.0 km away
- St Paul's CofE Primary School1.2 km away
- North East Futures UTC300 m away
- Jesmond Park Academy3.3 km away
- Kingsmeadow Community School3.3 km away
More reading links
Public Transport Nearby
The closest station to NE1 3RF is Newcastle station, which is 400 metres away.
- Newcastle|400 m away
- Manors|700 m away
- Dunston|2.7 km away
- MetroCentre|3.6 km away
