NE2 1RL is a residential postcode situated on Kelvin Grove, Newcastle Upon Tyne, NE2 with 71 addresses.
It ranks as the 1131st largest and 540th 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 71 properties: 3 houses and 68 flats.
NE2 1RL is a residential postcode situated on Kelvin Grove, Newcastle Upon Tyne, NE2 with 71 addresses.
It ranks as the 1131st largest and 540th 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 71 properties: 3 houses and 68 flats.
Sale prices range from £145,536 for 2 bedroom leasehold flats with a garden (602 ft2) to £442,057 for 3 bedroom freehold houses with a garden (1,076 ft2) .
Monthly rental prices range from £1,098 pcm for 2 bed flats to £1,965 pcm for 3 bed houses.
The gross rental yield is between 5.1% and 9.1%.
The average value per square foot is £219.
The last sale in NE2 1RL sold for £158,000 on 10th October 2025. Since then prices are up an average of 1.5%.
The current average value in the postcode is £172,752.
The NE2 1RL Sales Market has increased by 23.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1% | £172,752 |
| April 2025 | 5% | £171,019 |
| April 2024 | -3% | £162,805 |
| April 2023 | 6.5% | £167,826 |
| April 2022 | 4.5% | £157,566 |
| April 2021 | 3.9% | £150,749 |
| April 2020 | 2.5% | £145,148 |
| April 2019 | 0.4% | £141,640 |
| April 2018 | 1.2% | £141,051 |
| April 2017 | -0.5% | £139,358 |
| April 2016 | 4.1% | £140,051 |
| April 2015 | 3.5% | £134,597 |
| April 2014 | 2.6% | £130,038 |
| April 2013 | 1.2% | £126,689 |
| April 2012 | -2.1% | £125,237 |
| April 2011 | -2% | £127,959 |
| April 2010 | 3.4% | £130,528 |
| April 2009 | -10.6% | £126,236 |
| April 2008 | -0.1% | £141,158 |
| April 2007 | 0% | £141,350 |
The current average rental value in the postcode is £1,193.
The NE2 1RL Rental Market has increased by 70.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 4% | £1,193pcm |
| April 2025 | 7.7% | £1,148pcm |
| April 2024 | 11.2% | £1,066pcm |
| April 2023 | 10.9% | £959pcm |
| April 2022 | 9.4% | £864pcm |
| April 2021 | 5.1% | £790pcm |
| April 2020 | 4.5% | £752pcm |
| April 2019 | 2% | £719pcm |
| April 2018 | 0% | £705pcm |
| April 2017 | 0.6% | £705pcm |
| April 2016 | 2.8% | £701pcm |
| April 2015 | 3% | £681pcm |
| April 2014 | 1.6% | £662pcm |
| April 2013 | 0.8% | £651pcm |
| April 2012 | 1.1% | £646pcm |
| April 2011 | 4.1% | £639pcm |
| April 2010 | 3.5% | £614pcm |
| April 2009 | -3.9% | £593pcm |
| April 2008 | -0.3% | £617pcm |
| April 2007 | 0% | £619pcm |
The last sale was on 10th October 2025 for £158,000 and since then the market in the area has increased by 1.5%. The postcode has had a total of 96 sales since 1995.
NE2 1RL has seen 6 sales in the last three years and 5 sales in the last twelve months.
NE2 1RL is the 1131st largest and the 540th most expensive postcode out of the 1,193 postcodes in the NE2 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around NE2 1RL, 74.3% of property is privately rented and 11.2% is socially rented.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NE2 1RL, 67.8% of residents are recorded as possessing school level qualifications and 40.5% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around NE2 1RL, the average age was 32.1 and the most common age was 22.
The graph below shows how this compares to North East and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NE2 1RL, 0.2% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NE2 1RL, there are an average of 0.8 cars per household.
See below for how this compares to North East and the rest of England & Wales.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.