NE1 4LZ is a residential postcode situated on Leazes Terrace, Newcastle Upon Tyne, NE1 with 56 addresses.
It ranks as the 275th largest and 244th most expensive of the 340 postcodes in the NE1 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 56 properties: 56 flats.
NE1 4LZ is a residential postcode situated on Leazes Terrace, Newcastle Upon Tyne, NE1 with 56 addresses.
It ranks as the 275th largest and 244th most expensive of the 340 postcodes in the NE1 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 56 properties: 56 flats.
Sale prices range from £102,974 for 1 bedroom leasehold flats (462 ft2) to £305,402 for 3 bedroom leasehold flats (1,646 ft2) .
Monthly rental prices range from £924 pcm for 1 bed flats to £2,597 pcm for 3 bed flats.
The gross rental yield is between 10.0% and 10.9%.
The average value per square foot is £270.
The last sale in NE1 4LZ sold for £325,000 on 7th November 2025. Since then prices are up an average of 1.8%.
The current average value in the postcode is £199,139.
The NE1 4LZ Sales Market has increased by 9.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.3% | £199,139 |
| April 2025 | 4.3% | £198,588 |
| April 2024 | -3.4% | £190,411 |
| April 2023 | 3.9% | £197,033 |
| April 2022 | 2.2% | £189,718 |
| April 2021 | 2.1% | £185,680 |
| April 2020 | 2.8% | £181,937 |
| April 2019 | -1.6% | £176,909 |
| April 2018 | -0.6% | £179,709 |
| April 2017 | -1% | £180,714 |
| April 2016 | 4.2% | £182,570 |
| April 2015 | 3.4% | £175,230 |
| April 2014 | 4.1% | £169,473 |
| April 2013 | -2.3% | £162,819 |
| April 2012 | -2.2% | £166,585 |
| April 2011 | 0.3% | £170,303 |
| April 2010 | 0.1% | £169,807 |
| April 2009 | -11.6% | £169,675 |
| April 2008 | -1.5% | £191,884 |
| April 2007 | 0% | £194,750 |
The current average rental value in the postcode is £1,699.
The NE1 4LZ Rental Market has increased by 55.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.7% | £1,699pcm |
| April 2025 | 6.1% | £1,654pcm |
| April 2024 | 11.3% | £1,558pcm |
| April 2023 | 9.6% | £1,399pcm |
| April 2022 | 8.5% | £1,276pcm |
| April 2021 | 3% | £1,177pcm |
| April 2020 | 5.2% | £1,142pcm |
| April 2019 | 0.4% | £1,086pcm |
| April 2018 | -0.6% | £1,082pcm |
| April 2017 | -0.2% | £1,088pcm |
| April 2016 | 1.6% | £1,090pcm |
| April 2015 | 2.8% | £1,074pcm |
| April 2014 | 2.2% | £1,044pcm |
| April 2013 | -0.8% | £1,022pcm |
| April 2012 | 0.2% | £1,031pcm |
| April 2011 | 4.7% | £1,028pcm |
| April 2010 | 1.8% | £982pcm |
| April 2009 | -4.4% | £965pcm |
| April 2008 | 0.4% | £1,009pcm |
| April 2007 | 0% | £1,005pcm |
The last sale was on 7th November 2025 for £325,000 and since then the market in the area has increased by 1.8%. The postcode has had a total of 96 sales since 1995.
NE1 4LZ has seen 7 sales in the last three years and 1 sale in the last twelve months.
NE1 4LZ is the 275th largest and the 244th most expensive postcode out of the 340 postcodes in the NE1 area.
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The closest station to NE1 4LZ is Newcastle station which is 1.0 kilometres away.
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