NE2 4LJ is a residential postcode situated on Belle Grove Villas, Newcastle Upon Tyne, NE2 with 10 addresses.
It ranks as the 317th largest and 814th 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 10 properties: 10 flats.
NE2 4LJ is a residential postcode situated on Belle Grove Villas, Newcastle Upon Tyne, NE2 with 10 addresses.
It ranks as the 317th largest and 814th 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 10 properties: 10 flats.
Sale prices range from £124,258 for 2 bedroom leasehold flats with a garden (387 ft2) to £216,824 for 3 bedroom leasehold flats (1,302 ft2) .
Monthly rental prices range from £914 pcm for 2 bed flats to £1,261 pcm for 3 bed flats.
The gross rental yield is between 6.9% and 8.8%.
The average value per square foot is £179.
The last sale in NE2 4LJ sold for £195,000 on 28th June 2019. Since then prices are up an average of 13.1%.
The current average value in the postcode is £195,139.
The NE2 4LJ Sales Market has increased by 12.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 1% | £195,139 |
| April 2025 | 4.4% | £193,259 |
| April 2024 | -2.8% | £185,194 |
| April 2023 | 3.9% | £190,469 |
| April 2022 | 3.6% | £183,275 |
| April 2021 | 2.4% | £176,842 |
| April 2020 | 1.9% | £172,713 |
| April 2019 | -0.2% | £169,575 |
| April 2018 | -0.8% | £169,859 |
| April 2017 | -1.2% | £171,224 |
| April 2016 | 3.3% | £173,269 |
| April 2015 | 2.3% | £167,751 |
| April 2014 | 2% | £164,043 |
| April 2013 | -0.9% | £160,793 |
| April 2012 | -2.5% | £162,263 |
| April 2011 | -2.7% | £166,362 |
| April 2010 | -0.2% | £170,895 |
| April 2009 | -11.5% | £171,254 |
| April 2008 | -0.7% | £193,407 |
| April 2007 | 0% | £194,841 |
The current average rental value in the postcode is £1,205.
The NE2 4LJ Rental Market has increased by 55.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.6% | £1,205pcm |
| April 2025 | 6.7% | £1,163pcm |
| April 2024 | 10.6% | £1,090pcm |
| April 2023 | 9.6% | £985pcm |
| April 2022 | 8.7% | £899pcm |
| April 2021 | 3.3% | £827pcm |
| April 2020 | 3.7% | £801pcm |
| April 2019 | 1.4% | £773pcm |
| April 2018 | -1.2% | £762pcm |
| April 2017 | -0.6% | £771pcm |
| April 2016 | 1.4% | £776pcm |
| April 2015 | 1.5% | £765pcm |
| April 2014 | 0.7% | £754pcm |
| April 2013 | -0.5% | £749pcm |
| April 2012 | 0.1% | £752pcm |
| April 2011 | 2.6% | £751pcm |
| April 2010 | 0.1% | £732pcm |
| April 2009 | -4.1% | £731pcm |
| April 2008 | -0.5% | £762pcm |
| April 2007 | 0% | £766pcm |
The last sale was on 28th June 2019 for £195,000 and since then the market in the area has increased by 13.1%. The postcode has had a total of 7 sales since 1995.
NE2 4LJ has seen no sales in the last three years and no sales in the last twelve months.
NE2 4LJ is the 317th largest and the 814th most expensive postcode out of the 1,193 postcodes in the NE2 area.
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