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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
NE2 1LBHouse Prices / North East, Newcastle upon Tyne, Jesmond Road
Last updated May 2026
Key Postcode Insights
NE2 1LB is a residential postcode situated on Jesmond Road, Newcastle Upon Tyne, NE2 with 8 addresses.
It ranks as the 248th largest and 763rd most expensive of the 1,193 postcodes in the NE2 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 8 properties: 8 flats.
8
Properties
- Flats
Key Postcode Insights
NE2 1LB is a residential postcode situated on Jesmond Road, Newcastle Upon Tyne, NE2 with 8 addresses.
It ranks as the 248th largest and 763rd most expensive of the 1,193 postcodes in the NE2 area. The dominant property type is a period flat built between 1800 and 1911.
The postcode contains a total of 8 properties: 8 flats.
8
Properties
- Flats
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House Pricesin NE2 1LB
Sale prices range from £103,796 for 2 bedroom leasehold flats (775 ft2) to £243,606 for 4 bedroom leasehold flats with a garden (2,034 ft2) .
Monthly rental prices range from £829 pcm for 2 bed flats to £1,468 pcm for 4 bed flats.
The gross rental yield is between 7.1% and 9.6%.
The average value per square foot is £140.
Average Sale Value
£184,997
Average Rental Value
£1,192 pcm
Average Rental Yield
7.7% /year
Average Value Per Sqft
£140 /ft2
Sales Market Trendsin NE2 1LB
The last sale in NE2 1LB sold for £210,000 on 20th November 2020. Since then prices are up an average of 10.2%.
The current average value in the postcode is £184,997.
The NE2 1LB Sales Market has increased by 14.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.5% | £184,997 |
| April 2025 | 4.4% | £184,000 |
| April 2024 | -3.1% | £176,176 |
| April 2023 | 5.2% | £181,763 |
| April 2022 | 3.1% | £172,789 |
| April 2021 | 2.8% | £167,573 |
| April 2020 | 2.5% | £162,964 |
| April 2019 | -0.3% | £158,985 |
| April 2018 | 0% | £159,411 |
| April 2017 | -1.3% | £159,438 |
| April 2016 | 4.1% | £161,469 |
| April 2015 | 3.2% | £155,094 |
| April 2014 | 1.9% | £150,223 |
| April 2013 | 0.2% | £147,433 |
| April 2012 | -2.3% | £147,164 |
| April 2011 | -1.8% | £150,616 |
| April 2010 | 2.5% | £153,433 |
| April 2009 | -11% | £149,725 |
| April 2008 | -0.7% | £168,157 |
| April 2007 | 0% | £169,348 |
Rental Market Trendsin NE2 1LB
The current average rental value in the postcode is £1,192.
The NE2 1LB Rental Market has increased by 59.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.4% | £1,192pcm |
| April 2025 | 7.2% | £1,153pcm |
| April 2024 | 11.8% | £1,076pcm |
| April 2023 | 9.7% | £962pcm |
| April 2022 | 7.4% | £876pcm |
| April 2021 | 4.2% | £816pcm |
| April 2020 | 4.7% | £783pcm |
| April 2019 | 1.7% | £748pcm |
| April 2018 | -1.1% | £736pcm |
| April 2017 | -0.3% | £744pcm |
| April 2016 | 2.8% | £746pcm |
| April 2015 | 2.9% | £726pcm |
| April 2014 | 1.3% | £705pcm |
| April 2013 | -0.6% | £696pcm |
| April 2012 | 1.3% | £700pcm |
| April 2011 | 5% | £692pcm |
| April 2010 | 2.4% | £659pcm |
| April 2009 | -4.3% | £643pcm |
| April 2008 | -2% | £672pcm |
| April 2007 | 0% | £686pcm |
Properties and Buildingsin NE2 1LB, Jesmond Road, Newcastle Upon Tyne, NE2
- 247, Jesmond Road, Newcastle Upon Tyne, NE2 1LB4 bed period flat
- 253, Jesmond Road, Newcastle Upon Tyne, NE2 1LB4 bed period flat
- 255, Jesmond Road, Newcastle Upon Tyne, NE2 1LB3 bed period flat
- 263, Jesmond Road, Newcastle Upon Tyne, NE2 1LB3 bed period flat
- 267, Jesmond Road, Newcastle Upon Tyne, NE2 1LB3 bed period flat
- 269, Jesmond Road, Newcastle Upon Tyne, NE2Building3 units
Sales Historyin NE2 1LB
The last sale was on 20th November 2020 for £210,000 and since then the market in the area has increased by 10.2%. The postcode has had a total of 5 sales since 1995.
NE2 1LB has seen no sales in the last three years and no sales in the last twelve months.
Sold Nov 2020£210,000 | 4 Bed FlatJesmond Road253, Jesmond Road, Newcastle Upon Tyne, NE2 1LB
Sold Jun 2007£150,000 | 3 Bed FlatJesmond Road267, Jesmond Road, Newcastle Upon Tyne, NE2 1LB
Sold Mar 2004£260,000 | 4 Bed FlatJesmond Road253, Jesmond Road, Newcastle Upon Tyne, NE2 1LB
Sold Mar 2000£60,000 | 4 Bed FlatJesmond Road253, Jesmond Road, Newcastle Upon Tyne, NE2 1LB
Sold Apr 1999£85,000 | 3 Bed FlatJesmond Road255, Jesmond Road, Newcastle Upon Tyne, NE2 1LB
Nearby Postcodesto NE2 1LB
NE2 1LB is the 248th largest and the 763rd most expensive postcode out of the 1,193 postcodes in the NE2 area.
- 25 mNE2 1LD, Jesmond Road, Newcastle Upon Tyne, NE2NE2 1LD4 Addresses
- 69 mNE2 1LA, Jesmond Road, Newcastle Upon Tyne, NE2NE2 1LA8 Addresses
- 89 mNE2 2JX, Wellburn Park, Newcastle Upon Tyne, NE2NE2 2JX28 Addresses
- 103 mNE2 1JT, Osborne Avenue, Newcastle Upon Tyne, NE2NE2 1JT40 Addresses
- 104 mNE2 2JY, Wellburn Park, Newcastle Upon Tyne, NE2NE2 2JY15 Addresses
- 114 mNE2 1ET, Rosebery Crescent, Newcastle Upon Tyne, NE2NE2 1ET9 Addresses
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Property Typesin NE2 1LB
- 8 period flats built between 1800 and 1911
- period flat (8)
Energy Efficiencyof properties in NE2 1LB
- Energy Performance Certificate (EPC) surveys conducted for 7 properties.
- The dominant rating is C.
- A (0)
- E (2)
- B (0)
- F (0)
- C (4)
- G (0)
- D (1)
- No EPC (1)
Top 3 Most Expensive Saleson Jesmond Road
Schools Nearbyto NE2 1LB
The nearest primary school to NE2 1LB is St Catherine's Catholic Primary School which is 435 metres away.
- 435mSt Catherine's Catholic Primary School
- 827mSt Teresa's Catholic Primary School, Heaton
- 1.0kmWest Jesmond Primary School
The nearest secondary school is Jesmond Park Academy which is 789 metres away.
- 789mJesmond Park Academy
- 2.2kmSt Mary's Catholic School
- 2.2kmBenfield School
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Public Transport Nearbyto NE2 1LB
The closest station to NE2 1LB is Manors station which is 1.8 kilometres away.
- 1.8kmManors
- 2.6kmNewcastle
- 4.7kmHeworth
- 5.2kmDunston
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