Osborne Road - NE2 3LB
Key Postcode Insights
NE2 3LB is a residential postcode situated on Osborne Road, Newcastle Upon Tyne, NE2 with 25 addresses.
It ranks as the 454th largest and 714th most expensive of the 804 postcodes in the NE2 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 25 properties: 21 houses and 4 other properties.
- Ave. Sale Price
- £493,417
- 10 Year change
- up 19.8%
- Ave. Rental Price
- £2,552pcm
- 10 Year change
- up 66.7%
- Ave. £ per ft²
- £284/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Key Postcode Insights
NE2 3LB is a residential postcode situated on Osborne Road, Newcastle Upon Tyne, NE2 with 25 addresses.
It ranks as the 454th largest and 714th most expensive of the 804 postcodes in the NE2 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 25 properties: 21 houses and 4 other properties.
- Ave. Sale Price
- £493,417
- 10 Year change
- up 19.8%
- Ave. Rental Price
- £2,552pcm
- 10 Year change
- up 66.7%
- Ave. £ per ft²
- £284/ft²
- Ave. Gross Yield
- 6.2%/year/yr
Explore Properties in NE2 3LB
- 218 Osborne Road
5 Bed Period House
- 220 Osborne Road
House
- 222 Osborne Road
5 Bed Period House
- 224 Osborne Road
5 Bed Period House
- 225 Osborne Road
5 Bed Period House
Sales Market Trends
The last sale in NE2 3LB sold for £620,000 on 18th July 2025. Since then prices are up an average of 2.2%.
The current average value in the postcode is £493,417.
The NE2 3LB Sales Market has increased by 19.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 0.8% | £493,417 |
| June 2025 | 7.3% | £489,624 |
| June 2024 | -3.5% | £456,105 |
| June 2023 | 1.7% | £472,808 |
| June 2022 | 7.1% | £465,008 |
| June 2021 | 1.4% | £433,989 |
| June 2020 | 2.8% | £427,975 |
| June 2019 | 0.5% | £416,222 |
| June 2018 | 0% | £414,288 |
| June 2017 | 0.6% | £414,101 |
| June 2016 | 4.7% | £411,830 |
| June 2015 | 6.5% | £393,295 |
| June 2014 | 1.5% | £369,437 |
| June 2013 | 2.1% | £363,801 |
| June 2012 | -1.4% | £356,257 |
| June 2011 | -2.1% | £361,150 |
| June 2010 | 5.3% | £368,716 |
| June 2009 | -8.5% | £350,062 |
| June 2008 | -3.1% | £382,455 |
| June 2007 | 0% | £394,700 |
Rental Market Trends
The current average rental value in the postcode is £2,552.
The NE2 3LB Rental Market has increased by 66.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4% | £2,552pcm |
| June 2025 | 5.9% | £2,454pcm |
| June 2024 | 9.6% | £2,316pcm |
| June 2023 | 12.4% | £2,114pcm |
| June 2022 | 10.3% | £1,881pcm |
| June 2021 | 4.9% | £1,704pcm |
| June 2020 | 2.7% | £1,625pcm |
| June 2019 | 0.9% | £1,582pcm |
| June 2018 | 0.8% | £1,567pcm |
| June 2017 | 1.6% | £1,555pcm |
| June 2016 | 2.9% | £1,531pcm |
| June 2015 | 3.5% | £1,488pcm |
| June 2014 | 2.5% | £1,437pcm |
| June 2013 | 1% | £1,402pcm |
| June 2012 | 2.7% | £1,388pcm |
| June 2011 | 3.2% | £1,351pcm |
| June 2010 | 5% | £1,310pcm |
| June 2009 | -2.7% | £1,248pcm |
| June 2008 | 0.3% | £1,282pcm |
| June 2007 | 0% | £1,278pcm |
Sales History
The last recorded sale was on 18th July 2025 for £620,000 and since then the market in the area has increased by 2.2%.
NE2 3LB has had 3 sales since 1995, with 3 in the last three years and none in the last twelve months.
- Sold Jul 2025£620,000 | 5 Bed House231, Osborne Road, Newcastle Upon Tyne, NE2 3LB231, Osborne Road, Newcastle Upon Tyne, NE2 3LB
- Sold Mar 2025£545,000 | 6 Bed House222, Osborne Road, Newcastle Upon Tyne, NE2 3LB222, Osborne Road, Newcastle Upon Tyne, NE2 3LB
- Sold Aug 2023£700,000 | 5 Bed House229, Osborne Road, Newcastle Upon Tyne, NE2 3LB229, Osborne Road, Newcastle Upon Tyne, NE2 3LB
Nearby Postcodes
NE2 3LB is the 454th largest and the 714th most expensive postcode out of the 804 postcodes in the NE2 area.
- NE2 3LN, Highbury, Newcastle Upon Tyne, NE2NE2 3LN26 Addresses|61 m away
- NE2 3LL, Lyndhurst Gardens, Newcastle Upon Tyne, NE2NE2 3LL4 Addresses|79 m away
- NE2 3LD, Osborne Road, Newcastle Upon Tyne, NE2NE2 3LD13 Addresses|125 m away
- NE2 3LJ, Lyndhurst Avenue, Newcastle Upon Tyne, NE2NE2 3LJ24 Addresses|144 m away
- NE2 3LP, Brentwood Gardens, Newcastle Upon Tyne, NE2NE2 3LP7 Addresses|147 m away
Property Types
- 21 period houses built between 1800 and 1911
- 4 other addresses of unknown type
- period house (21)
- Unknown (4)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 21 properties.
- The most common rating is D.
- A (0)
- E (2)
- B (0)
- F (0)
- C (2)
- G (0)
- D (17)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Feb 2022£6,250,000 | 3 Bed Flat7, Osborne Road, Newcastle Upon Tyne, NE2 2AE7, Osborne Road, Newcastle Upon Tyne, NE2 2AE
- Sold Mar 2019£1,575,000 | 3 Bed FlatFlat 1, George House 36, Osborne Road, Newcastle Upon Tyne, NE2 2ALFlat 1, George House 36, Osborne Road, Newcastle Upon Tyne, NE2 2AL
- Sold Sep 2016£1,500,000 | 6 Bed House10, Osborne Road, Newcastle Upon Tyne, NE2 2AB10, Osborne Road, Newcastle Upon Tyne, NE2 2AB
Schools Nearby
- South Gosforth First School600 m away
- West Jesmond Primary School700 m away
- Archbishop Runcie CofE First School1.4 km away
- Jesmond Park Academy1.5 km away
- St Mary's Catholic School1.6 km away
- Gosforth Academy2.0 km away
More reading links
Public Transport Nearby
The closest station to NE2 3LB is Manors station, which is 2.7 kilometres away.
- Manors|2.7 km away
- Newcastle|3.2 km away
- MetroCentre|5.5 km away
- Dunston|5.5 km away
