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Bricks&Logic is a trading name of Urban Markets Ltd
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
NE2 3REHouse Prices / North East, Newcastle upon Tyne, Matthew Bank
Last updated May 2026
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 80th largest and 1017th most expensive of the 1,193 postcodes in the NE2 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 2 properties: 2 houses.
2
Properties
- Houses
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 80th largest and 1017th most expensive of the 1,193 postcodes in the NE2 area. The dominant property type is a early-century house built between 1912 and 1935.
The postcode contains a total of 2 properties: 2 houses.
2
Properties
- Houses
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House Pricesin NE2 3RE
Sale prices range from £333,498 for 3 bedroom freehold houses with a garden (1,065 ft2) to £376,761 for 4 bedroom freehold houses with a garden (1,313 ft2) .
Monthly rental prices range from £1,910 pcm for 3 bed houses to £2,099 pcm for 4 bed houses.
The gross rental yield is between 6.7% and 6.9%.
The average value per square foot is £300.
Average Sale Value
£355,129
Average Rental Value
£2,005 pcm
Average Rental Yield
6.8% /year
Average Value Per Sqft
£300 /ft2
Sales Market Trendsin NE2 3RE
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 £355,129.
The NE2 3RE Sales Market has increased by 27.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.3% | £355,129 |
| April 2025 | 4.7% | £354,006 |
| April 2024 | -0.8% | £338,092 |
| April 2023 | 7.2% | £340,922 |
| April 2022 | 3.5% | £318,053 |
| April 2021 | 4.5% | £307,344 |
| April 2020 | 2.5% | £294,163 |
| April 2019 | 1% | £286,859 |
| April 2018 | 1.7% | £284,152 |
| April 2017 | 0.6% | £279,401 |
| April 2016 | 5.4% | £277,630 |
| April 2015 | 5.4% | £263,517 |
| April 2014 | 2.7% | £250,061 |
| April 2013 | 4.1% | £243,553 |
| April 2012 | -1.4% | £233,930 |
| April 2011 | -0.4% | £237,262 |
| April 2010 | 5.5% | £238,098 |
| April 2009 | -9.1% | £225,775 |
| April 2008 | 0.5% | £248,505 |
| April 2007 | 0% | £247,155 |
Rental Market Trendsin NE2 3RE
The current average rental value in the postcode is £2,005.
The NE2 3RE Rental Market has increased by 68.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3% | £2,005pcm |
| April 2025 | 7% | £1,947pcm |
| April 2024 | 8.8% | £1,820pcm |
| April 2023 | 12.6% | £1,672pcm |
| April 2022 | 9.9% | £1,485pcm |
| April 2021 | 4.6% | £1,351pcm |
| April 2020 | 3.2% | £1,292pcm |
| April 2019 | 2.4% | £1,252pcm |
| April 2018 | 1.3% | £1,223pcm |
| April 2017 | 1.2% | £1,207pcm |
| April 2016 | 2.9% | £1,193pcm |
| April 2015 | 3.4% | £1,160pcm |
| April 2014 | 2% | £1,121pcm |
| April 2013 | 3.1% | £1,099pcm |
| April 2012 | 1.4% | £1,065pcm |
| April 2011 | 3.3% | £1,050pcm |
| April 2010 | 4.7% | £1,017pcm |
| April 2009 | -2.9% | £971pcm |
| April 2008 | 1.1% | £1,000pcm |
| April 2007 | 0% | £989pcm |
Explore Propertiesin NE2 3RE, Matthew Bank, Jesmond, Newcastle Upon Tyne, NE2
Sales Historyin NE2 3RE
The last sale was on 27th September 1996 for £65,700 and since then the market in the area has remained stable. The postcode has had a total of 1 sales since 1995.
NE2 3RE has seen no sales in the last three years and no sales in the last twelve months.
Nearby Postcodesto NE2 3RE
NE2 3RE is the 80th largest and the 1017th most expensive postcode out of the 1,193 postcodes in the NE2 area.
- 41 mNE2 3RD, Matthew Bank, Jesmond, Newcastle Upon Tyne, NE2NE2 3RD12 Addresses
- 72 mNE2 3RB, Willowbank Gardens, Newcastle Upon Tyne, NE2NE2 3RB2 Addresses
- 126 mNE2 3QS, Beatty Avenue, Newcastle Upon Tyne, NE2NE2 3QS21 Addresses
- 142 mNE2 3QR, Hillcrest Gardens, Newcastle Upon Tyne, NE2NE2 3QR4 Addresses
- 145 mNE2 3RA, Keyes Gardens, Newcastle Upon Tyne, NE2NE2 3RA20 Addresses
- 146 mNE2 3RH, Castle Farm Road, Newcastle Upon Tyne, NE2NE2 3RH7 Addresses
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Property Typesin NE2 3RE
- 2 early-century houses built between 1912 and 1935
- early-century house (2)
Energy Efficiencyof properties in NE2 3RE
- Energy Performance Certificate (EPC) surveys conducted for 2 properties.
- The dominant rating is D.
- A (0)
- E (1)
- B (0)
- F (0)
- C (0)
- G (0)
- D (1)
- No EPC (0)
Top 3 Most Expensive Saleson Matthew Bank
Schools Nearbyto NE2 3RE
The nearest primary school to NE2 3RE is South Gosforth First School which is 252 metres away.
- 252mSouth Gosforth First School
- 893mArchbishop Runcie CofE First School
- 1.2kmCragside Primary School
The nearest secondary school is St Mary's Catholic School which is 931 metres away.
- 931mSt Mary's Catholic School
- 1.3kmJesmond Park Academy
- 1.7kmGosforth Academy
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Public Transport Nearbyto NE2 3RE
The closest station to NE2 3RE is Manors station which is 3.2 kilometres away.
- 3.2kmManors
- 3.8kmNewcastle
- 6.2kmMetroCentre
- 6.2kmDunston
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