NE2 4PQ is a residential postcode situated on Jesmond Road West, Newcastle Upon Tyne, NE2 with 26 addresses.
It ranks as the 719th largest and 684th most expensive of the 1,193 postcodes in the NE2 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 26 properties: 7 houses and 19 flats.
NE2 4PQ is a residential postcode situated on Jesmond Road West, Newcastle Upon Tyne, NE2 with 26 addresses.
It ranks as the 719th largest and 684th most expensive of the 1,193 postcodes in the NE2 area. The dominant property type is a period house built between 1800 and 1911.
The postcode contains a total of 26 properties: 7 houses and 19 flats.
Sale prices range from £103,796 for 2 bedroom leasehold flats (764 ft2) to £470,473 for 6 bedroom freehold houses with a garden (3,541 ft2) .
Monthly rental prices range from £829 pcm for 2 bed flats to £2,695 pcm for 6 bed houses.
The gross rental yield is between 6.6% and 9.6%.
The average value per square foot is £136.
The last sale in NE2 4PQ sold for £295,000 on 7th March 2025. Since then prices are up an average of 16.6%.
The current average value in the postcode is £233,574.
The NE2 4PQ Sales Market has increased by 16.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.1% | £233,574 |
| April 2025 | 4.8% | £233,419 |
| April 2024 | -3.7% | £222,822 |
| April 2023 | 6% | £231,440 |
| April 2022 | 3.7% | £218,276 |
| April 2021 | 3.2% | £210,589 |
| April 2020 | 2.7% | £204,100 |
| April 2019 | -0.2% | £198,659 |
| April 2018 | 0.6% | £199,048 |
| April 2017 | -1.1% | £197,885 |
| April 2016 | 4.2% | £199,999 |
| April 2015 | 3.6% | £191,866 |
| April 2014 | 1.8% | £185,137 |
| April 2013 | 1.5% | £181,856 |
| April 2012 | -1.8% | £179,209 |
| April 2011 | -2.1% | £182,428 |
| April 2010 | 3.5% | £186,272 |
| April 2009 | -10.7% | £179,968 |
| April 2008 | 0.2% | £201,619 |
| April 2007 | 0% | £201,186 |
The current average rental value in the postcode is £1,442.
The NE2 4PQ Rental Market has increased by 64.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 2.9% | £1,442pcm |
| April 2025 | 7.7% | £1,401pcm |
| April 2024 | 11.8% | £1,301pcm |
| April 2023 | 10.7% | £1,164pcm |
| April 2022 | 7.5% | £1,052pcm |
| April 2021 | 4.7% | £978pcm |
| April 2020 | 5.1% | £935pcm |
| April 2019 | 2.1% | £889pcm |
| April 2018 | -0.4% | £871pcm |
| April 2017 | -0.2% | £875pcm |
| April 2016 | 2.9% | £877pcm |
| April 2015 | 3.5% | £852pcm |
| April 2014 | 1.5% | £823pcm |
| April 2013 | 0.4% | £811pcm |
| April 2012 | 2% | £807pcm |
| April 2011 | 5.5% | £792pcm |
| April 2010 | 3.3% | £750pcm |
| April 2009 | -4.1% | £726pcm |
| April 2008 | -1.9% | £757pcm |
| April 2007 | 0% | £772pcm |
The last sale was on 7th March 2025 for £295,000 and since then the market in the area has increased by 16.6%. The postcode has had a total of 10 sales since 1995.
NE2 4PQ has seen 1 sale in the last three years and no sales in the last twelve months.
NE2 4PQ is the 719th largest and the 684th most expensive postcode out of the 1,193 postcodes in the NE2 area.
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The recent census recorded whether a resident owned or rented their home.
In the area around NE2 4PQ, % of property is and % is .
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around NE2 4PQ, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to North East and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around NE2 4PQ, 0.0% of property was a second home.
Comparison figures for North East and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around NE2 4PQ, there are an average of 0.0 cars per household.
See below for how this compares to North East and the rest of England & Wales.