NE2 1NE is a residential postcode situated on Osborne Terrace, Newcastle Upon Tyne, NE2 with 73 addresses.
It ranks as the 1144th largest and 843rd 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 73 properties: 73 flats.
NE2 1NE is a residential postcode situated on Osborne Terrace, Newcastle Upon Tyne, NE2 with 73 addresses.
It ranks as the 1144th largest and 843rd 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 73 properties: 73 flats.
Sale prices range from £116,321 for 1 bedroom leasehold flats with a garden (215 ft2) to £327,860 for 4 bedroom leasehold flats with a garden (1,657 ft2) .
Monthly rental prices range from £752 pcm for 1 bed flats to £1,671 pcm for 4 bed flats.
The gross rental yield is between 6.0% and 8.0%.
The average value per square foot is £282.
The last sale in NE2 1NE sold for £210,000 on 19th August 2025. Since then prices are up an average of 1.0%.
The current average value in the postcode is £222,136.
The NE2 1NE Sales Market has increased by 13.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.8% | £222,136 |
| April 2025 | 4.6% | £220,321 |
| April 2024 | -3.5% | £210,555 |
| April 2023 | 4.8% | £218,150 |
| April 2022 | 3.5% | £208,163 |
| April 2021 | 2.6% | £201,098 |
| April 2020 | 2.2% | £195,997 |
| April 2019 | -0.4% | £191,781 |
| April 2018 | -0.4% | £192,579 |
| April 2017 | -1.5% | £193,284 |
| April 2016 | 3.7% | £196,184 |
| April 2015 | 2.5% | £189,275 |
| April 2014 | 1.7% | £184,674 |
| April 2013 | -0.3% | £181,516 |
| April 2012 | -2.5% | £182,041 |
| April 2011 | -2.5% | £186,776 |
| April 2010 | 0.9% | £191,660 |
| April 2009 | -11.1% | £189,861 |
| April 2008 | -0.5% | £213,540 |
| April 2007 | 0% | £214,663 |
The current average rental value in the postcode is £1,350.
The NE2 1NE Rental Market has increased by 59.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.6% | £1,350pcm |
| April 2025 | 7.2% | £1,303pcm |
| April 2024 | 11.6% | £1,215pcm |
| April 2023 | 9.6% | £1,089pcm |
| April 2022 | 8.2% | £994pcm |
| April 2021 | 3.9% | £919pcm |
| April 2020 | 4.5% | £884pcm |
| April 2019 | 1.6% | £846pcm |
| April 2018 | -1.2% | £833pcm |
| April 2017 | -0.6% | £843pcm |
| April 2016 | 2% | £847pcm |
| April 2015 | 2.2% | £831pcm |
| April 2014 | 0.9% | £813pcm |
| April 2013 | -0.6% | £806pcm |
| April 2012 | 0.8% | £810pcm |
| April 2011 | 3.8% | £804pcm |
| April 2010 | 1.3% | £775pcm |
| April 2009 | -4.3% | £765pcm |
| April 2008 | -1.2% | £799pcm |
| April 2007 | 0% | £809pcm |
The last sale was on 19th August 2025 for £210,000 and since then the market in the area has increased by 1.0%. The postcode has had a total of 109 sales since 1995.
NE2 1NE has seen 12 sales in the last three years and 1 sale in the last twelve months.
NE2 1NE is the 1144th largest and the 843rd most expensive postcode out of the 1,193 postcodes in the NE2 area.
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The closest station to NE2 1NE is Manors station which is 1.0 kilometres away.
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