Norwich Way - NE23 1RE
Key Postcode Insights
NE23 1RE is a residential postcode situated on Norwich Way, Cramlington, NE23 with 14 addresses.
It ranks as the 386th largest of the 980 postcodes in the NE23 area.
The postcode contains a total of 14 properties: 5 houses and 9 other properties.
- Ave. Sale Price
- £158,033
- 10 Year change
- up 34.6%
- Ave. Rental Price
- £1,169pcm
- 10 Year change
- up 68.1%
- Ave. £ per ft²
- £218/ft²
- Ave. Gross Yield
- 8.9%/year/yr
Key Postcode Insights
NE23 1RE is a residential postcode situated on Norwich Way, Cramlington, NE23 with 14 addresses.
It ranks as the 386th largest of the 980 postcodes in the NE23 area.
The postcode contains a total of 14 properties: 5 houses and 9 other properties.
- Ave. Sale Price
- £158,033
- 10 Year change
- up 34.6%
- Ave. Rental Price
- £1,169pcm
- 10 Year change
- up 68.1%
- Ave. £ per ft²
- £218/ft²
- Ave. Gross Yield
- 8.9%/year/yr
Explore Properties in NE23 1RE
- 25 Norwich Way
House
- 26 Norwich Way
3 Bed Mid-century House
- 27 Norwich Way
House
- 28 Norwich Way
House
- 29 Norwich Way
House
Sales Market Trends
The last sale in NE23 1RE sold for £122,000 on 5th November 2021. Since then prices are up an average of 18.9%.
The current average value in the postcode is £158,033.
The NE23 1RE Sales Market has increased by 34.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.3% | £158,033 |
| June 2025 | 3.8% | £153,024 |
| June 2024 | 1.6% | £147,398 |
| June 2023 | 4.1% | £145,080 |
| June 2022 | 9.3% | £139,369 |
| June 2021 | 5.5% | £127,556 |
| June 2020 | 1.4% | £120,883 |
| June 2019 | 1.1% | £119,193 |
| June 2018 | 1.7% | £117,924 |
| June 2017 | -1.2% | £115,951 |
| June 2016 | 2.7% | £117,401 |
| June 2015 | 3.1% | £114,310 |
| June 2014 | 3.3% | £110,873 |
| June 2013 | 1% | £107,316 |
| June 2012 | 2.3% | £106,278 |
| June 2011 | -4.7% | £103,899 |
| June 2010 | 3.9% | £109,016 |
| June 2009 | -7.6% | £104,948 |
| June 2008 | -3.4% | £113,526 |
| June 2007 | 0% | £117,529 |
Rental Market Trends
The current average rental value in the postcode is £1,169.
The NE23 1RE Rental Market has increased by 68.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.2% | £1,169pcm |
| June 2025 | 6.6% | £1,133pcm |
| June 2024 | 8.1% | £1,064pcm |
| June 2023 | 10% | £984pcm |
| June 2022 | 12.8% | £895pcm |
| June 2021 | 7.4% | £794pcm |
| June 2020 | 2.4% | £739pcm |
| June 2019 | 1.9% | £721pcm |
| June 2018 | 0.2% | £708pcm |
| June 2017 | 1.5% | £706pcm |
| June 2016 | 0.9% | £696pcm |
| June 2015 | 1.9% | £690pcm |
| June 2014 | 1.8% | £677pcm |
| June 2013 | -0.3% | £665pcm |
| June 2012 | -1% | £666pcm |
| June 2011 | -1.2% | £673pcm |
| June 2010 | 4.8% | £681pcm |
| June 2009 | -1.7% | £650pcm |
| June 2008 | -1.1% | £661pcm |
| June 2007 | 0% | £668pcm |
Sales History
The last recorded sale was on 5th November 2021 for £122,000 and since then the market in the area has increased by 18.9%.
NE23 1RE has had 3 sales since 1995, none of them in the last three years.
- Sold Nov 2021£122,000 | 3 Bed House35, Norwich Way, Cramlington, NE23 1RE35, Norwich Way, Cramlington, NE23 1RE
- Sold Nov 2021£122,000 | 3 Bed House35, Norwich Way, Cramlington, NE23 1RE35, Norwich Way, Cramlington, NE23 1RE
- Sold Aug 2019£122,250 | 3 Bed House34, Norwich Way, Cramlington, NE23 1RE34, Norwich Way, Cramlington, NE23 1RE
Nearby Postcodes
NE23 1RE is the 386th largest and the 391st most expensive postcode out of the 980 postcodes in the NE23 area.
- NE23 1RH, Newlyn Drive, Cramlington, NE23NE23 1RH12 Addresses|34 m away
- NE23 1RD, Nayland Road, Cramlington, NE23NE23 1RD8 Addresses|52 m away
- NE23 1RF, Needham Place, Cramlington, NE23NE23 1RF29 Addresses|112 m away
- NE23 1RL, Newlyn Drive, Cramlington, NE23NE23 1RL13 Addresses|115 m away
- NE23 1RG, Needham Place, Cramlington, NE23NE23 1RG12 Addresses|123 m away
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 5 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (2)
- G (0)
- D (3)
- No EPC (9)
Top 3 Most Expensive Sales
- Sold Apr 2023£180,000 | 3 Bed House8, Norwich Way, Cramlington, NE23 1RB8, Norwich Way, Cramlington, NE23 1RB
- Sold Jun 2020£175,000 | 4 Bed House12, Norwich Way, Cramlington, NE23 1RB12, Norwich Way, Cramlington, NE23 1RB
- Sold Jul 2020£175,000 | 4 Bed House12, Norwich Way, Cramlington, NE23 1RB12, Norwich Way, Cramlington, NE23 1RB
Schools Nearby
- Cramlington Shanklea Primary School200 m away
- Burnside Primary School700 m away
- Cramlington Northburn Primary School900 m away
- Cramlington Learning Village1.5 km away
- North Gosforth Academy4.1 km away
- Seaton Valley High School4.4 km away
More reading links
Public Transport Nearby
The closest station to NE23 1RE is Cramlington station, which is 800 metres away.
- Cramlington|800 m away
- Seaton Delaval|3.6 km away
- Newsham|4.2 km away
- Blyth Bebside|4.5 km away
