NE2 1HU is a residential postcode situated on Shield Street, Newcastle Upon Tyne, NE2 with 16 addresses.
It ranks as the 457th largest and 184th most expensive of the 1,193 postcodes in the NE2 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 16 properties: 16 flats.
NE2 1HU is a residential postcode situated on Shield Street, Newcastle Upon Tyne, NE2 with 16 addresses.
It ranks as the 457th largest and 184th most expensive of the 1,193 postcodes in the NE2 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 16 properties: 16 flats.
Sale prices range from £80,598 for 1 bedroom leasehold flats (355 ft2) to £103,796 for 2 bedroom leasehold flats (721 ft2) .
Monthly rental prices range from £647 pcm for 1 bed flats to £829 pcm for 2 bed flats.
The gross rental yield is between 9.6% and 9.6%.
The average value per square foot is £182.
The last sale in NE2 1HU sold for £100,000 on 7th April 2005. Since then prices are down an average of 0.0%.
The current average value in the postcode is £96,547.
The NE2 1HU Sales Market has increased by 12.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.5% | £96,547 |
| April 2025 | 5% | £96,024 |
| April 2024 | -3.5% | £91,428 |
| April 2023 | 4.3% | £94,765 |
| April 2022 | 4.1% | £90,876 |
| April 2021 | 2.3% | £87,325 |
| April 2020 | 2.1% | £85,368 |
| April 2019 | -0.7% | £83,606 |
| April 2018 | -0.5% | £84,194 |
| April 2017 | -1.9% | £84,610 |
| April 2016 | 2.9% | £86,233 |
| April 2015 | 1.9% | £83,824 |
| April 2014 | 1.4% | £82,296 |
| April 2013 | -0.1% | £81,170 |
| April 2012 | -2.9% | £81,270 |
| April 2011 | -3.7% | £83,714 |
| April 2010 | 0.3% | £86,914 |
| April 2009 | -11.2% | £86,670 |
| April 2008 | 0% | £97,623 |
| April 2007 | 0% | £97,590 |
The current average rental value in the postcode is £772.
The NE2 1HU Rental Market has increased by 57.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.3% | £772pcm |
| April 2025 | 7.6% | £747pcm |
| April 2024 | 11.5% | £694pcm |
| April 2023 | 9.1% | £623pcm |
| April 2022 | 8.7% | £571pcm |
| April 2021 | 3.6% | £525pcm |
| April 2020 | 4.4% | £507pcm |
| April 2019 | 1.3% | £485pcm |
| April 2018 | -1.3% | £479pcm |
| April 2017 | -1% | £485pcm |
| April 2016 | 1.3% | £490pcm |
| April 2015 | 1.5% | £484pcm |
| April 2014 | 0.6% | £477pcm |
| April 2013 | -0.4% | £474pcm |
| April 2012 | 0.4% | £476pcm |
| April 2011 | 2.6% | £474pcm |
| April 2010 | 0.6% | £462pcm |
| April 2009 | -4.4% | £459pcm |
| April 2008 | -0.7% | £480pcm |
| April 2007 | 0% | £484pcm |
The last sale was on 7th April 2005 for £100,000 and since then the market in the area has remained stable. The postcode has had a total of 15 sales since 1995.
NE2 1HU has seen no sales in the last three years and no sales in the last twelve months.
NE2 1HU is the 457th largest and the 184th most expensive postcode out of the 1,193 postcodes in the NE2 area.
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