NE16 6LB is a residential postcode situated on Garesfield Gardens, Burnopfield, Newcastle Upon Tyne, NE16 with 20 addresses.
It ranks as the 524th largest and 57th most expensive of the 720 postcodes in the NE16 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 20 properties: 20 houses.
NE16 6LB is a residential postcode situated on Garesfield Gardens, Burnopfield, Newcastle Upon Tyne, NE16 with 20 addresses.
It ranks as the 524th largest and 57th most expensive of the 720 postcodes in the NE16 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 20 properties: 20 houses.
Sale prices range from £97,232 for 2 bedroom freehold houses with a garden (613 ft2) to £123,815 for 3 bedroom freehold houses with a garden (957 ft2) .
Monthly rental prices range from £700 pcm for 2 bed houses to £824 pcm for 3 bed houses.
The gross rental yield is between 8.0% and 8.6%.
The average value per square foot is £148.
The last sale in NE16 6LB sold for £105,000 on 1st May 2024. Since then prices are up an average of 4.5%.
The current average value in the postcode is £107,959.
The NE16 6LB Sales Market has increased by 40.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.5% | £107,959 |
| April 2025 | 2.4% | £105,338 |
| April 2024 | 0% | £102,827 |
| April 2023 | 4.3% | £102,837 |
| April 2022 | 8.2% | £98,637 |
| April 2021 | 9.1% | £91,132 |
| April 2020 | 1.7% | £83,507 |
| April 2019 | -1% | £82,148 |
| April 2018 | 4.9% | £83,014 |
| April 2017 | 3.1% | £79,100 |
| April 2016 | -2.1% | £76,724 |
| April 2015 | 0.5% | £78,383 |
| April 2014 | 5.1% | £77,977 |
| April 2013 | 2.1% | £74,193 |
| April 2012 | 0.2% | £72,644 |
| April 2011 | -6.3% | £72,483 |
| April 2010 | -7.2% | £77,378 |
| April 2009 | -12.2% | £83,370 |
| April 2008 | -0.5% | £94,999 |
| April 2007 | 0% | £95,485 |
The current average rental value in the postcode is £757.
The NE16 6LB Rental Market has increased by 59.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 5.5% | £757pcm |
| April 2025 | 5.9% | £717pcm |
| April 2024 | 7.7% | £677pcm |
| April 2023 | 9.7% | £628pcm |
| April 2022 | 11.5% | £573pcm |
| April 2021 | 4.4% | £514pcm |
| April 2020 | 1.8% | £492pcm |
| April 2019 | -0.3% | £484pcm |
| April 2018 | 1.1% | £485pcm |
| April 2017 | 1.3% | £480pcm |
| April 2016 | -1.7% | £474pcm |
| April 2015 | 2.1% | £482pcm |
| April 2014 | 1% | £472pcm |
| April 2013 | -0.1% | £468pcm |
| April 2012 | -0.7% | £468pcm |
| April 2011 | -0.7% | £471pcm |
| April 2010 | -2% | £475pcm |
| April 2009 | -5% | £484pcm |
| April 2008 | 2.8% | £510pcm |
| April 2007 | 0% | £496pcm |
The last sale was on 1st May 2024 for £105,000 and since then the market in the area has increased by 4.5%. The postcode has had a total of 12 sales since 1995.
NE16 6LB has seen 1 sale in the last three years and no sales in the last twelve months.
NE16 6LB is the 524th largest and the 57th most expensive postcode out of the 720 postcodes in the NE16 area.
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The closest station to NE16 6LB is Blaydon station which is 7.0 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around NE16 6LB, 38.4% of property is privately owned outright and 32.0% is privately owned with a mortgage.
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 NE16 6LB, 22.1% of residents are recorded as possessing school level qualifications and 24.9% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around NE16 6LB, the average age was 44.1 and the most common age was 57.
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 NE16 6LB, 0.7% 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 NE16 6LB, there are an average of 1.2 cars per household.
See below for how this compares to North East and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.