Grosvenor Place - NE2 2RE
Key Postcode Insights
NE2 2RE is a residential postcode situated on Grosvenor Place, Newcastle Upon Tyne, NE2 with 39 addresses.
It ranks as the 576th largest and 568th most expensive of the 804 postcodes in the NE2 area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 39 properties: 8 houses, 25 flats and 6 other properties.
- Ave. Sale Price
- £379,101
- 10 Year change
- up 9.7%
- Ave. Rental Price
- £1,678pcm
- 10 Year change
- up 52.3%
- Ave. £ per ft²
- £300/ft²
- Ave. Gross Yield
- 5.3%/year/yr
Key Postcode Insights
NE2 2RE is a residential postcode situated on Grosvenor Place, Newcastle Upon Tyne, NE2 with 39 addresses.
It ranks as the 576th largest and 568th most expensive of the 804 postcodes in the NE2 area. The most common property type is a period flat built between 1800 and 1911.
The postcode contains a total of 39 properties: 8 houses, 25 flats and 6 other properties.
- Ave. Sale Price
- £379,101
- 10 Year change
- up 9.7%
- Ave. Rental Price
- £1,678pcm
- 10 Year change
- up 52.3%
- Ave. £ per ft²
- £300/ft²
- Ave. Gross Yield
- 5.3%/year/yr
Explore Properties in NE2 2RE
- 6 Grosvenor Place
House
- 8 Grosvenor Place
5 Bed Period House
- 10 Grosvenor Place
House
- 12 Grosvenor Place
5 Bed Period House
- 14 Grosvenor Place
Building  |  2 Flats
Sales Market Trends
The last sale in NE2 2RE sold for £746,000 on 24th November 2025. Since then prices are up an average of 3.0%.
The current average value in the postcode is £379,101.
The NE2 2RE Sales Market has increased by 9.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.3% | £379,101 |
| June 2025 | 6.2% | £377,862 |
| June 2024 | -3.2% | £355,739 |
| June 2023 | 0.6% | £367,407 |
| June 2022 | 5.2% | £365,239 |
| June 2021 | 0% | £347,138 |
| June 2020 | 2.5% | £346,996 |
| June 2019 | -0.2% | £338,656 |
| June 2018 | -1% | £339,237 |
| June 2017 | -0.8% | £342,674 |
| June 2016 | 4% | £345,562 |
| June 2015 | 5.4% | £332,307 |
| June 2014 | 1% | £315,425 |
| June 2013 | 1.4% | £312,277 |
| June 2012 | -2.5% | £307,983 |
| June 2011 | -2.2% | £315,927 |
| June 2010 | 2.9% | £322,926 |
| June 2009 | -9.9% | £313,919 |
| June 2008 | -4.7% | £348,483 |
| June 2007 | 0% | £365,670 |
Rental Market Trends
The current average rental value in the postcode is £1,678.
The NE2 2RE Rental Market has increased by 52.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.5% | £1,678pcm |
| June 2025 | 4.8% | £1,621pcm |
| June 2024 | 10% | £1,546pcm |
| June 2023 | 11% | £1,406pcm |
| June 2022 | 8.5% | £1,266pcm |
| June 2021 | 3.4% | £1,167pcm |
| June 2020 | 2.5% | £1,128pcm |
| June 2019 | 0.2% | £1,101pcm |
| June 2018 | -0.4% | £1,099pcm |
| June 2017 | 0.1% | £1,103pcm |
| June 2016 | 2.4% | £1,102pcm |
| June 2015 | 2.4% | £1,076pcm |
| June 2014 | 1.9% | £1,051pcm |
| June 2013 | 0.5% | £1,031pcm |
| June 2012 | 1.4% | £1,027pcm |
| June 2011 | 3.1% | £1,012pcm |
| June 2010 | 2.5% | £982pcm |
| June 2009 | -4.2% | £958pcm |
| June 2008 | -1.1% | £1,000pcm |
| June 2007 | 0% | £1,011pcm |
Sales History
The last recorded sale was on 24th November 2025 for £746,000 and since then the market in the area has increased by 3.0%.
NE2 2RE has had 3 sales since 1995, with 3 in the last three years and 1 in the last twelve months.
- Sold Nov 2025£746,000 | 6 Bed House46, Grosvenor Place, Newcastle Upon Tyne, NE2 2RE46, Grosvenor Place, Newcastle Upon Tyne, NE2 2RE
- Sold Mar 2025£650,000 | 5 Bed House12, Grosvenor Place, Newcastle Upon Tyne, NE2 2RE12, Grosvenor Place, Newcastle Upon Tyne, NE2 2RE
- Sold Nov 2024£306,000 | 3 Bed FlatFlat B, 38, Grosvenor Place, Newcastle Upon Tyne, NE2 2REFlat B, 38, Grosvenor Place, Newcastle Upon Tyne, NE2 2RE
Nearby Postcodes
NE2 2RE is the 576th largest and the 568th most expensive postcode out of the 804 postcodes in the NE2 area.
- NE2 2PJ, Queens Terrace, Newcastle Upon Tyne, NE2NE2 2PJ79 Addresses|39 m away
- NE2 2RD, Grosvenor Place, Newcastle Upon Tyne, NE2NE2 2RD46 Addresses|48 m away
- NE2 2RJ, Grosvenor Road, Newcastle Upon Tyne, NE2NE2 2RJ11 Addresses|69 m away
- NE2 2AP, Osborne Road, Newcastle Upon Tyne, NE2NE2 2AP8 Addresses|92 m away
- NE2 2RH, Grosvenor Villas, Newcastle Upon Tyne, NE2NE2 2RH15 Addresses|111 m away
Property Types
- 8 period houses built between 1800 and 1911
- 25 period flats built between 1800 and 1911
- 6 other addresses of unknown type
- period house (8)
- period flat (25)
- Unknown (6)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 19 properties.
- The most common rating is D.
- A (0)
- E (3)
- B (0)
- F (0)
- C (6)
- G (0)
- D (10)
- No EPC (20)
Top 3 Most Expensive Sales
- Sold Aug 2025£923,000 | 6 Bed House27, Grosvenor Place, Newcastle Upon Tyne, NE2 2RD27, Grosvenor Place, Newcastle Upon Tyne, NE2 2RD
- Sold Nov 2025£746,000 | 6 Bed House46, Grosvenor Place, Newcastle Upon Tyne, NE2 2RE46, Grosvenor Place, Newcastle Upon Tyne, NE2 2RE
- Sold Apr 2024£715,000 | 6 Bed House18, Grosvenor Place, Newcastle Upon Tyne, NE2 2RE18, Grosvenor Place, Newcastle Upon Tyne, NE2 2RE
Schools Nearby
- West Jesmond Primary School400 m away
- St Catherine's Catholic Primary School900 m away
- South Gosforth First School1.3 km away
- Jesmond Park Academy900 m away
- St Mary's Catholic School1.9 km away
- Benfield School2.7 km away
More reading links
Public Transport Nearby
The closest station to NE2 2RE is Manors station, which is 2.0 kilometres away.
- Manors|2.0 km away
- Newcastle|2.7 km away
- Dunston|5.2 km away
- Heworth|5.3 km away
