NE1 4SP is a residential postcode situated on Gallowgate, Newcastle Upon Tyne, NE1 with 60 addresses.
It ranks as the 286th largest and 41st most expensive of the 340 postcodes in the NE1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 60 properties: 60 flats.
NE1 4SP is a residential postcode situated on Gallowgate, Newcastle Upon Tyne, NE1 with 60 addresses.
It ranks as the 286th largest and 41st most expensive of the 340 postcodes in the NE1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 60 properties: 60 flats.
Sale prices range from £102,974 for 1 bedroom Leasehold flats (322 ft2) to £127,424 for 2 bedroom Leasehold flats (796 ft2) .
Monthly rental prices range from £924 pcm for 1 bed flats to £1,159 pcm for 2 bed flats.
The gross rental yield is between 10.8% and 10.9%.
The average value per square foot is £319.
The last sale in NE1 4SP sold for £10,085,000 on 20th June 2023. Since then prices are down an average of 0.0%.
The current average value in the postcode is £110,309.
The NE1 4SP Sales Market has decreased by 4.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0% | £110,309 |
| April 2025 | 3.7% | £110,264 |
| April 2024 | -4.1% | £106,322 |
| April 2023 | 1% | £110,896 |
| April 2022 | -0.8% | £109,849 |
| April 2021 | 1.2% | £110,718 |
| April 2020 | 0% | £109,422 |
| April 2019 | -2.2% | £109,374 |
| April 2018 | -3.1% | £111,832 |
| April 2017 | 0.1% | £115,447 |
| April 2016 | 4.7% | £115,346 |
| April 2015 | 1.8% | £110,179 |
| April 2014 | 5.4% | £108,276 |
| April 2013 | -6.1% | £102,750 |
| April 2012 | -1.8% | £109,461 |
| April 2011 | 2.5% | £111,439 |
| April 2010 | -7.6% | £108,671 |
| April 2009 | -11.6% | £117,563 |
| April 2008 | -4.9% | £132,935 |
| April 2007 | 0% | £139,792 |
The current average rental value in the postcode is £994.
The NE1 4SP Rental Market has increased by 41.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1.8% | £994pcm |
| April 2025 | 3.8% | £977pcm |
| April 2024 | 9.2% | £941pcm |
| April 2023 | 9% | £862pcm |
| April 2022 | 9.7% | £790pcm |
| April 2021 | 1.4% | £721pcm |
| April 2020 | 2.3% | £710pcm |
| April 2019 | -0.6% | £694pcm |
| April 2018 | -1.5% | £698pcm |
| April 2017 | 0.8% | £709pcm |
| April 2016 | -0.1% | £703pcm |
| April 2015 | 0.4% | £704pcm |
| April 2014 | 0.8% | £701pcm |
| April 2013 | -0.7% | £695pcm |
| April 2012 | -1.3% | £700pcm |
| April 2011 | 1.8% | £709pcm |
| April 2010 | -2.7% | £697pcm |
| April 2009 | -3.6% | £716pcm |
| April 2008 | 2.8% | £743pcm |
| April 2007 | 0% | £722pcm |
The last sale was on 20th June 2023 for £10,085,000 and since then the market in the area has remained stable. The postcode has had a total of 2 sales since 1995.
NE1 4SP has seen 1 sale in the last three years and no sales in the last twelve months.
NE1 4SP is the 286th largest and the 41st most expensive postcode out of the 340 postcodes in the NE1 area.
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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 NE1 4SP, % of property is and % is .
The graph below shows how this compares to North East 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 NE1 4SP, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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 NE1 4SP, 0.0% 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 NE1 4SP, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.