NE2 1LE is a residential postcode situated on Osborne Avenue, Newcastle Upon Tyne, NE2 with 40 addresses.
It ranks as the 564th largest of the 1,193 postcodes in the NE2 area.
The postcode contains a total of 40 properties: 20 flats and 20 other properties.
NE2 1LE is a residential postcode situated on Osborne Avenue, Newcastle Upon Tyne, NE2 with 40 addresses.
It ranks as the 564th largest of the 1,193 postcodes in the NE2 area.
The postcode contains a total of 40 properties: 20 flats and 20 other properties.
The last sale in NE2 1LE sold for £210,000 on 6th June 2024. Since then prices are up an average of 4.6%.
The current average value in the postcode is £213,371.
The NE2 1LE Sales Market has increased by 12.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.7% | £213,371 |
| April 2025 | 4.1% | £211,960 |
| April 2024 | -3.4% | £203,598 |
| April 2023 | 4.5% | £210,731 |
| April 2022 | 2.9% | £201,750 |
| April 2021 | 3% | £196,103 |
| April 2020 | 2.2% | £190,321 |
| April 2019 | -0.3% | £186,175 |
| April 2018 | -0.1% | £186,766 |
| April 2017 | -1.8% | £186,890 |
| April 2016 | 2.9% | £190,320 |
| April 2015 | 3.4% | £184,905 |
| April 2014 | 1.7% | £178,848 |
| April 2013 | 0% | £175,773 |
| April 2012 | -2.3% | £175,813 |
| April 2011 | -1.8% | £180,019 |
| April 2010 | 2.2% | £183,309 |
| April 2009 | -10.9% | £179,324 |
| April 2008 | -0.6% | £201,261 |
| April 2007 | 0% | £202,515 |
The current average rental value in the postcode is £1,355.
The NE2 1LE Rental Market has increased by 56.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.5% | £1,355pcm |
| April 2025 | 6.9% | £1,308pcm |
| April 2024 | 11.5% | £1,224pcm |
| April 2023 | 9% | £1,098pcm |
| April 2022 | 7.1% | £1,008pcm |
| April 2021 | 4.4% | £941pcm |
| April 2020 | 4.4% | £901pcm |
| April 2019 | 1.7% | £863pcm |
| April 2018 | -1.1% | £849pcm |
| April 2017 | -0.9% | £858pcm |
| April 2016 | 1.6% | £866pcm |
| April 2015 | 3.1% | £852pcm |
| April 2014 | 1.2% | £827pcm |
| April 2013 | -0.8% | £817pcm |
| April 2012 | 1.2% | £824pcm |
| April 2011 | 5.1% | £814pcm |
| April 2010 | 2.2% | £775pcm |
| April 2009 | -4.3% | £759pcm |
| April 2008 | -1.9% | £792pcm |
| April 2007 | 0% | £808pcm |
The last sale was on 6th June 2024 for £210,000 and since then the market in the area has increased by 4.6%. The postcode has had a total of 51 sales since 1995.
NE2 1LE has seen 4 sales in the last three years and no sales in the last twelve months.
NE2 1LE is the 564th largest and the 834th most expensive postcode out of the 1,193 postcodes in the NE2 area.
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