NE2 1QY is a residential postcode situated on Hutton Terrace, Jesmond, Newcastle Upon Tyne, NE2 with 27 addresses.
It ranks as the 731st largest and 499th 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 27 properties: 27 flats.
NE2 1QY is a residential postcode situated on Hutton Terrace, Jesmond, Newcastle Upon Tyne, NE2 with 27 addresses.
It ranks as the 731st largest and 499th 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 27 properties: 27 flats.
Sale prices range from £103,796 for 2 bedroom leasehold flats (484 ft2) to £174,100 for 3 bedroom leasehold flats (839 ft2) .
Monthly rental prices range from £829 pcm for 2 bed flats to £1,235 pcm for 3 bed flats.
The gross rental yield is between 8.4% and 9.6%.
The average value per square foot is £246.
The last sale in NE2 1QY sold for £130,000 on 9th July 2024. Since then prices are up an average of 5.1%.
The current average value in the postcode is £145,900.
The NE2 1QY Sales Market has increased by 13.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.3% | £145,900 |
| April 2025 | 5% | £145,446 |
| April 2024 | -2.7% | £138,574 |
| April 2023 | 4.4% | £142,427 |
| April 2022 | 4% | £136,420 |
| April 2021 | 2.5% | £131,235 |
| April 2020 | 2.2% | £128,068 |
| April 2019 | -0.5% | £125,335 |
| April 2018 | -0.1% | £125,930 |
| April 2017 | -1.8% | £126,021 |
| April 2016 | 2.8% | £128,366 |
| April 2015 | 2.3% | £124,890 |
| April 2014 | 1.6% | £122,070 |
| April 2013 | -0.1% | £120,104 |
| April 2012 | -2.9% | £120,265 |
| April 2011 | -3.3% | £123,913 |
| April 2010 | 1.1% | £128,145 |
| April 2009 | -11.3% | £126,714 |
| April 2008 | -0.4% | £142,872 |
| April 2007 | 0% | £143,474 |
The current average rental value in the postcode is £1,083.
The NE2 1QY Rental Market has increased by 56.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.2% | £1,083pcm |
| April 2025 | 7.6% | £1,049pcm |
| April 2024 | 11.5% | £975pcm |
| April 2023 | 8.7% | £874pcm |
| April 2022 | 8.8% | £804pcm |
| April 2021 | 3.7% | £739pcm |
| April 2020 | 4.2% | £713pcm |
| April 2019 | 1.1% | £684pcm |
| April 2018 | -1.3% | £677pcm |
| April 2017 | -0.7% | £685pcm |
| April 2016 | 1.6% | £690pcm |
| April 2015 | 1.8% | £679pcm |
| April 2014 | 0.6% | £667pcm |
| April 2013 | -0.5% | £663pcm |
| April 2012 | 0.3% | £666pcm |
| April 2011 | 2.6% | £665pcm |
| April 2010 | 1.3% | £648pcm |
| April 2009 | -4.7% | £639pcm |
| April 2008 | -0.6% | £671pcm |
| April 2007 | 0% | £675pcm |
The last sale was on 9th July 2024 for £130,000 and since then the market in the area has increased by 5.1%. The postcode has had a total of 59 sales since 1995.
NE2 1QY has seen 7 sales in the last three years and no sales in the last twelve months.
NE2 1QY is the 731st largest and the 499th most expensive postcode out of the 1,193 postcodes in the NE2 area.
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