Matthew Bank - NE2 3RE
Key Postcode Insights
NE2 3RE is a residential postcode situated on Matthew Bank, Jesmond, Newcastle Upon Tyne, NE2 with 2 addresses.
It ranks as the 110th largest and 746th most expensive of the 804 postcodes in the NE2 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £555,832
- 10 Year change
- up 27.7%
- Ave. Rental Price
- £2,680pcm
- 10 Year change
- up 65.4%
- Ave. £ per ft²
- £469/ft²
- Ave. Gross Yield
- 5.8%/year/yr
Key Postcode Insights
NE2 3RE is a residential postcode situated on Matthew Bank, Jesmond, Newcastle Upon Tyne, NE2 with 2 addresses.
It ranks as the 110th largest and 746th most expensive of the 804 postcodes in the NE2 area. The most common property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £555,832
- 10 Year change
- up 27.7%
- Ave. Rental Price
- £2,680pcm
- 10 Year change
- up 65.4%
- Ave. £ per ft²
- £469/ft²
- Ave. Gross Yield
- 5.8%/year/yr
Explore Properties in NE2 3RE
- Craghall Lodge
3 Bed Early-century House
- Nursery House
4 Bed Early-century House
Sales Market Trends
The last sale in NE2 3RE sold for £65,700 on 27th September 1996. Since then prices are down an average of 0.0%.
The current average value in the postcode is £555,832.
The NE2 3RE Sales Market has increased by 27.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 1.1% | £555,832 |
| June 2025 | 6.1% | £549,630 |
| June 2024 | 0.7% | £518,165 |
| June 2023 | 2.6% | £514,609 |
| June 2022 | 5.7% | £501,614 |
| June 2021 | 3.2% | £474,420 |
| June 2020 | 3.4% | £459,760 |
| June 2019 | 0.7% | £444,755 |
| June 2018 | 0.7% | £441,564 |
| June 2017 | 0.7% | £438,419 |
| June 2016 | 4.9% | £435,224 |
| June 2015 | 5.3% | £414,935 |
| June 2014 | 2.2% | £394,061 |
| June 2013 | 2% | £385,746 |
| June 2012 | -0.7% | £378,316 |
| June 2011 | -2.1% | £380,919 |
| June 2010 | 5.1% | £389,246 |
| June 2009 | -7.6% | £370,415 |
| June 2008 | -2.3% | £400,996 |
| June 2007 | 0% | £410,351 |
Rental Market Trends
The current average rental value in the postcode is £2,680.
The NE2 3RE Rental Market has increased by 65.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.8% | £2,680pcm |
| June 2025 | 5.6% | £2,582pcm |
| June 2024 | 8.7% | £2,445pcm |
| June 2023 | 11.9% | £2,249pcm |
| June 2022 | 10.9% | £2,010pcm |
| June 2021 | 4.8% | £1,812pcm |
| June 2020 | 2.5% | £1,730pcm |
| June 2019 | 1.4% | £1,688pcm |
| June 2018 | 1.2% | £1,664pcm |
| June 2017 | 1.5% | £1,645pcm |
| June 2016 | 2.3% | £1,620pcm |
| June 2015 | 2.9% | £1,583pcm |
| June 2014 | 2.2% | £1,539pcm |
| June 2013 | 1% | £1,506pcm |
| June 2012 | 1.7% | £1,491pcm |
| June 2011 | 1.5% | £1,466pcm |
| June 2010 | 4.2% | £1,445pcm |
| June 2009 | -3.2% | £1,386pcm |
| June 2008 | 0% | £1,432pcm |
| June 2007 | 0% | £1,432pcm |
Sales History
The last recorded sale was on 27th September 1996 for £65,700 and since then the market in the area has remained stable.
NE2 3RE has had 1 sale since 1995, none of them in the last three years.
- Sold Sep 1996£65,700 | 3 Bed HouseCraghall Lodge, Matthew Bank, Newcastle Upon Tyne, NE2 3RECraghall Lodge, Matthew Bank, Newcastle Upon Tyne, NE2 3RE
Nearby Postcodes
NE2 3RE is the 110th largest and the 746th most expensive postcode out of the 804 postcodes in the NE2 area.
- NE2 3RD, Matthew Bank, Jesmond, Newcastle Upon Tyne, NE2NE2 3RD12 Addresses|41 m away
- NE2 3RB, Willowbank Gardens, Newcastle Upon Tyne, NE2NE2 3RB2 Addresses|72 m away
- NE2 3QS, Beatty Avenue, Newcastle Upon Tyne, NE2NE2 3QS21 Addresses|126 m away
- NE2 3QR, Hillcrest Gardens, Newcastle Upon Tyne, NE2NE2 3QR4 Addresses|142 m away
- NE2 3RA, Keyes Gardens, Newcastle Upon Tyne, NE2NE2 3RA20 Addresses|145 m away
Property Types
- 2 early-century houses built between 1912 and 1935
- early-century house (2)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 2 properties.
- The most common rating is D.
- A (0)
- E (1)
- B (0)
- F (0)
- C (0)
- G (0)
- D (1)
- No EPC (0)
Top 3 Most Expensive Sales
- Sold Mar 2021£377,500 | 3 Bed House37, Matthew Bank, Newcastle Upon Tyne, NE2 3RD37, Matthew Bank, Newcastle Upon Tyne, NE2 3RD
- Sold Feb 2023£281,000 | 2 Bed House53, Matthew Bank, Newcastle Upon Tyne, NE2 3RD53, Matthew Bank, Newcastle Upon Tyne, NE2 3RD
- Sold Dec 2024£273,000 | 2 Bed House43, Matthew Bank, Newcastle Upon Tyne, NE2 3RD43, Matthew Bank, Newcastle Upon Tyne, NE2 3RD
Schools Nearby
- South Gosforth First School300 m away
- Archbishop Runcie CofE First School900 m away
- Cragside Primary School1.2 km away
- St Mary's Catholic School900 m away
- Jesmond Park Academy1.3 km away
- Gosforth Academy1.7 km away
More reading links
Public Transport Nearby
The closest station to NE2 3RE is Manors station, which is 3.2 kilometres away.
- Manors|3.2 km away
- Newcastle|3.8 km away
- MetroCentre|6.2 km away
- Dunston|6.2 km away
